Proficient Auto Logistics, Inc. (NASDAQ:PAL – Get Free Report) Director Steven Lux bought 6,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were acquired at an average price of $4.01 per share, for a total transaction of $24,060.00. Following the transaction, the director owned 617,957 shares in the company, valued at approximately $2,478,007.57. This represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Proficient Auto Logistics Stock Down 2.6%
NASDAQ PAL opened at $3.68 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17. Proficient Auto Logistics, Inc. has a 1-year low of $3.60 and a 1-year high of $10.97. The company has a 50 day moving average of $5.60 and a 200-day moving average of $6.27. The company has a market cap of $103.22 million, a price-to-earnings ratio of -2.61 and a beta of 1.15.
Institutional Investors Weigh In On Proficient Auto Logistics
Several institutional investors and hedge funds have recently added to or reduced their stakes in PAL. WINTON GROUP Ltd acquired a new position in shares of Proficient Auto Logistics during the 2nd quarter worth $399,000. Squarepoint Ops LLC acquired a new stake in Proficient Auto Logistics in the second quarter valued at about $173,000. VELA Investment Management LLC boosted its stake in Proficient Auto Logistics by 23.8% in the second quarter. VELA Investment Management LLC now owns 510,840 shares of the company’s stock valued at $3,479,000 after buying an additional 98,235 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Proficient Auto Logistics in the second quarter valued at about $492,000. Finally, Empowered Funds LLC bought a new position in Proficient Auto Logistics in the second quarter valued at about $1,573,000.
Analyst Ratings Changes
View Our Latest Report on Proficient Auto Logistics
About Proficient Auto Logistics
Proficient Auto Logistics, Inc is a vehicle transportation and logistics company that moves finished automobiles for automotive manufacturers, dealerships, auctions and other customers. The company focuses primarily on transporting vehicles between manufacturing plants, distribution centers, rail facilities, ports, dealerships and end destinations.
Proficient Auto Logistics operates through a network of regional auto transport businesses and provides services including vehicle pickup, long-haul transportation, delivery coordination and related logistics support.
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