BNP Paribas Financial Markets Takes $294,000 Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

BNP Paribas Financial Markets purchased a new position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the third quarter, HoldingsChannel reports. The firm purchased 20,705 shares of the company’s stock, valued at approximately $294,000.

Other large investors have also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust acquired a new position in Proficient Auto Logistics during the second quarter worth $12,077,000. Emerald Advisers LLC purchased a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth $1,172,000. American Century Companies Inc. acquired a new position in shares of Proficient Auto Logistics during the 2nd quarter worth $20,687,000. Federated Hermes Inc. purchased a new position in shares of Proficient Auto Logistics in the 2nd quarter valued at about $257,000. Finally, Blair William & Co. IL acquired a new stake in shares of Proficient Auto Logistics in the second quarter valued at about $660,000.

Insider Activity at Proficient Auto Logistics

In other news, CEO Richard D. Odell bought 54,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $9.20 per share, with a total value of $496,800.00. Following the purchase, the chief executive officer now owns 753,802 shares of the company’s stock, valued at $6,934,978.40. This trade represents a 7.72 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PAL. Barrington Research lowered their target price on shares of Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Stifel Nicolaus decreased their price target on 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 dropped their price objective on 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.

Proficient Auto Logistics Price Performance

Shares of NASDAQ PAL opened at $9.21 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average price is $10.04 and its 200 day moving average price is $14.72. Proficient Auto Logistics, Inc. has a 52 week low of $8.06 and a 52 week high of $21.01.

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

Proficient Auto Logistics 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.