Diamond Hill Capital Management Inc. Increases Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Diamond Hill Capital Management Inc. lifted its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 163.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,030 shares of the company’s stock after purchasing an additional 156,967 shares during the period. Diamond Hill Capital Management Inc. owned about 0.94% of Proficient Auto Logistics worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC purchased a new position in Proficient Auto Logistics during the third quarter valued at $129,000. Verition Fund Management LLC purchased a new position in Proficient Auto Logistics during the third quarter valued at $152,000. Victory Capital Management Inc. purchased a new position in Proficient Auto Logistics during the fourth quarter valued at $90,000. Nicholas Hoffman & Company LLC. grew its stake in Proficient Auto Logistics by 20.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock valued at $121,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after purchasing an additional 1,238 shares during the last quarter.

Analyst Upgrades and Downgrades

PAL has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd.

Proficient Auto Logistics Trading Up 0.7 %

Proficient Auto Logistics stock opened at $9.82 on Friday. The firm has a 50-day moving average price of $10.03 and a 200-day moving average price of $11.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. Proficient Auto Logistics, Inc. has a 12-month low of $7.24 and a 12-month high of $21.01.

Proficient Auto Logistics Company 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.