Proficient Auto Logistics, Inc. (NASDAQ:PAL) Shares Bought by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. lifted its stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Nicholas Hoffman & Company LLC. owned about 0.06% of Proficient Auto Logistics worth $121,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Proficient Auto Logistics during the third quarter valued at $104,000. MetLife Investment Management LLC purchased a new position in Proficient Auto Logistics in the 3rd quarter valued at about $129,000. Verition Fund Management LLC acquired a new stake in shares of Proficient Auto Logistics during the 3rd quarter worth about $152,000. Rhumbline Advisers grew its holdings in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock worth $137,000 after buying an additional 1,238 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Proficient Auto Logistics in the third quarter valued at approximately $242,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAL shares. Barrington Research restated an “outperform” rating and set a $15.00 target price on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their price objective on Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $10.80 on Tuesday. Proficient Auto Logistics, Inc. has a 1 year low of $7.24 and a 1 year high of $21.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average price of $9.30 and a 200 day moving average price of $12.34.

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.