De Lisle Partners LLP Purchases 107,000 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL)

De Lisle Partners LLP lifted its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 23.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 557,000 shares of the company’s stock after acquiring an additional 107,000 shares during the period. Proficient Auto Logistics accounts for about 1.3% of De Lisle Partners LLP’s portfolio, making the stock its 19th biggest position. De Lisle Partners LLP’s holdings in Proficient Auto Logistics were worth $7,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC acquired a new position in Proficient Auto Logistics in the second quarter valued at about $1,867,000. AYAL Capital Advisors Ltd bought a new position in Proficient Auto Logistics during the second quarter worth about $5,220,000. Wedge Capital Management L L P NC acquired a new position in Proficient Auto Logistics in the third quarter valued at about $1,691,000. Emerald Advisers LLC bought a new stake in shares of Proficient Auto Logistics in the second quarter worth about $1,172,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Proficient Auto Logistics during the third quarter worth about $1,362,000.

Insider Transactions at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell purchased 54,000 shares of Proficient Auto Logistics stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $9.20 per share, for a total transaction of $496,800.00. Following the completion of the acquisition, the chief executive officer now owns 753,802 shares of the company’s stock, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAL shares. Raymond James decreased their price objective on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Barrington Research lowered their target price on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Stifel Nicolaus reduced their price objective on Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th.

Proficient Auto Logistics Price Performance

Shares of NASDAQ:PAL opened at $10.05 on Thursday. The business’s 50-day simple moving average is $11.34. Proficient Auto Logistics, Inc. has a one year low of $8.06 and a one year high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16.

Proficient Auto Logistics (NASDAQ:PAL) last released its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $91.50 million for the quarter, compared to the consensus estimate of $89.54 million. The company’s revenue was down 12.5% compared to the same quarter last year. As a group, equities analysts predict that Proficient Auto Logistics, Inc. will post 0.4 EPS for the current year.

Proficient Auto Logistics Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.