Brightlight Capital Management LP increased its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL – Free Report) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,700 shares of the company’s stock after acquiring an additional 68,623 shares during the period. Proficient Auto Logistics makes up about 2.5% of Brightlight Capital Management LP’s investment portfolio, making the stock its 8th biggest position. Brightlight Capital Management LP owned approximately 1.29% of Proficient Auto Logistics worth $3,458,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP acquired a new stake in Proficient Auto Logistics during the 4th quarter valued at $5,835,000. 4D Advisors LLC acquired a new stake in Proficient Auto Logistics during the 4th quarter valued at $1,928,000. Boston Partners grew its holdings in Proficient Auto Logistics by 6.9% during the 3rd quarter. Boston Partners now owns 2,288,113 shares of the company’s stock valued at $15,763,000 after buying an additional 147,101 shares during the last quarter. Franklin Resources Inc. grew its holdings in Proficient Auto Logistics by 31.2% during the 3rd quarter. Franklin Resources Inc. now owns 525,744 shares of the company’s stock valued at $3,622,000 after buying an additional 124,920 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Proficient Auto Logistics by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,135,623 shares of the company’s stock valued at $7,824,000 after buying an additional 83,148 shares during the last quarter.
Proficient Auto Logistics Trading Down 6.0%
Shares of PAL opened at $7.39 on Thursday. The stock’s fifty day simple moving average is $6.54 and its 200 day simple moving average is $7.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a twelve month low of $4.85 and a twelve month high of $10.97. The firm has a market capitalization of $205.22 million, a P/E ratio of -5.56 and a beta of 1.53.
Insider Buying and Selling
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PAL shares. Zacks Research cut Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Barrington Research set a $10.00 price objective on Proficient Auto Logistics in a report on Monday, May 11th. Stifel Nicolaus decreased their price objective on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Proficient Auto Logistics in a report on Wednesday, May 13th. Finally, Wall Street Zen cut Proficient Auto Logistics from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.
Get Our Latest Analysis on PAL
About Proficient Auto Logistics
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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
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