Proficient Auto Logistics (NASDAQ:PAL) Given Outperform Rating at Barrington Research

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $15.00 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 36.74% from the company’s current price.

Separately, Stifel Nicolaus cut their target price on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd.

Proficient Auto Logistics Stock Up 2.0 %

PAL stock traded up $0.22 on Wednesday, reaching $10.97. The company’s stock had a trading volume of 94,751 shares, compared to its average volume of 299,051. The business has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $12.59. Proficient Auto Logistics has a 12-month low of $7.24 and a 12-month 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.

Insider Buying and Selling at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell acquired 54,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $9.20 per share, with a total value of $496,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,802 shares of the company’s stock, valued at approximately $6,934,978.40. This represents a 7.72 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Proficient Auto Logistics during the 4th quarter valued at $49,000. Victory Capital Management Inc. bought a new stake in shares of Proficient Auto Logistics in the fourth quarter worth $90,000. SG Americas Securities LLC purchased a new stake in Proficient Auto Logistics during the third quarter valued at $104,000. Nicholas Hoffman & Company LLC. lifted its holdings in Proficient Auto Logistics by 20.0% in 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 during the period. Finally, MetLife Investment Management LLC purchased a new position in Proficient Auto Logistics in the third quarter worth about $129,000.

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.