MetLife Investment Management LLC Invests $129,000 in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

MetLife Investment Management LLC acquired a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,096 shares of the company’s stock, valued at approximately $129,000.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Proficient Auto Logistics during the third quarter valued at about $104,000. XTX Topco Ltd acquired a new stake in Proficient Auto Logistics in the 2nd quarter valued at approximately $176,000. Nicholas Hoffman & Company LLC. purchased a new stake in Proficient Auto Logistics in the third quarter valued at approximately $177,000. Federated Hermes Inc. acquired a new position in Proficient Auto Logistics during the second quarter worth $257,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Proficient Auto Logistics during the third quarter worth $294,000.

Analyst Ratings Changes

Several research firms recently issued reports on PAL. Barrington Research cut their price objective on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus cut their price target on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Raymond James lowered their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, October 14th.

Insider Buying and Selling

In other Proficient Auto Logistics news, CEO Richard D. Odell acquired 54,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $9.20 per share, with a total value of $496,800.00. Following the transaction, the chief executive officer now owns 753,802 shares in the company, valued at $6,934,978.40. The trade was a 7.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Proficient Auto Logistics Price Performance

Shares of NASDAQ PAL opened at $9.65 on Tuesday. Proficient Auto Logistics, Inc. has a 12-month low of $8.06 and a 12-month high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $14.87.

Proficient Auto Logistics (NASDAQ:PAL) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $89.54 million. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts expect that Proficient Auto Logistics, Inc. will post 0.4 EPS for the current year.

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.