De Lisle Partners LLP Acquires Shares of 574,295 Proficient Auto Logistics, Inc. $PAL

De Lisle Partners LLP bought a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 574,295 shares of the company’s stock, valued at approximately $3,914,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of Proficient Auto Logistics by 77.7% in the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock worth $31,000 after acquiring an additional 1,975 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in Proficient Auto Logistics during the 2nd quarter worth approximately $49,000. Jones Financial Companies Lllp purchased a new stake in Proficient Auto Logistics during the 1st quarter worth approximately $73,000. Odyssean LLC purchased a new stake in Proficient Auto Logistics during the 4th quarter worth approximately $98,000. Finally, Invesco Ltd. acquired a new position in shares of Proficient Auto Logistics in the 4th quarter valued at approximately $101,000.

Get Proficient Auto Logistics alerts:

Proficient Auto Logistics Trading Up 2.3%

Shares of NASDAQ PAL opened at $5.33 on Friday. Proficient Auto Logistics, Inc. has a 12-month low of $4.85 and a 12-month high of $10.97. The company has a market cap of $149.51 million, a price-to-earnings ratio of -3.78 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $6.77 and its 200 day simple moving average is $6.85.

Insiders Place Their Bets

In related news, Director Rohit Lal bought 10,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the director directly owned 71,903 shares of the company’s stock, valued at approximately $397,623.59. This represents a 16.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 54,995 shares of company stock valued at $300,222 over the last quarter. 14.20% of the stock is owned by company insiders.

Analyst Ratings Changes

PAL has been the subject of several research analyst reports. Wall Street Zen upgraded Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Zacks Research cut shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Barrington Research set a $12.00 price objective on shares of Proficient Auto Logistics in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus raised their price objective on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. 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 MarketBeat, Proficient Auto Logistics presently has an average rating of “Hold” and a consensus price target of $12.00.

Read Our Latest Stock Analysis on PAL

About Proficient Auto Logistics

(Free Report)

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.

Featured Stories

• Five stocks we like better than Proficient Auto Logistics
• 2 Biotech Stocks Shaping Up for Major Breakouts
• 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
• 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
• Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

Want to see what other hedge funds are holding PAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proficient Auto Logistics, Inc. (NASDAQ:PAL – Free Report).

Receive News & Ratings for Proficient Auto Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proficient Auto Logistics and related companies with MarketBeat.com's FREE daily email newsletter.