Emerald Mutual Fund Advisers Trust Has $1.14 Million Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 69.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,451 shares of the company’s stock after selling 317,905 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Proficient Auto Logistics were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAL. Northern Trust Corp lifted its stake in shares of Proficient Auto Logistics by 4.8% in the fourth quarter. Northern Trust Corp now owns 127,956 shares of the company’s stock worth $1,033,000 after buying an additional 5,850 shares during the last quarter. Marshall Wace LLP boosted its holdings in Proficient Auto Logistics by 122.4% during the fourth quarter. Marshall Wace LLP now owns 31,970 shares of the company’s stock valued at $258,000 after acquiring an additional 17,597 shares during the period. Barclays PLC grew its position in shares of Proficient Auto Logistics by 15.3% in the fourth quarter. Barclays PLC now owns 25,324 shares of the company’s stock valued at $204,000 after purchasing an additional 3,365 shares during the last quarter. Kennedy Capital Management LLC increased its stake in shares of Proficient Auto Logistics by 8.2% in the fourth quarter. Kennedy Capital Management LLC now owns 249,360 shares of the company’s stock worth $2,012,000 after purchasing an additional 19,004 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Proficient Auto Logistics during the 4th quarter worth about $242,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PAL shares. Stifel Nicolaus lowered their target price on Proficient Auto Logistics from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

Proficient Auto Logistics Trading Up 6.0 %

Proficient Auto Logistics stock opened at $9.70 on Wednesday. The business has a 50 day moving average price of $9.08 and a two-hundred day moving average price of $9.36. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a 12 month low of $6.81 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.