Victory Capital Management Inc. Takes $90,000 Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Victory Capital Management Inc. purchased a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,120 shares of the company’s stock, valued at approximately $90,000.

Several other large investors have also bought and sold shares of PAL. De Lisle Partners LLP grew its stake in shares of Proficient Auto Logistics by 23.8% in the third quarter. De Lisle Partners LLP now owns 557,000 shares of the company’s stock worth $7,906,000 after acquiring an additional 107,000 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Proficient Auto Logistics by 40.5% in the third quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company’s stock worth $7,075,000 after buying an additional 143,697 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Proficient Auto Logistics by 136.9% in the third quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after buying an additional 200,977 shares in the last quarter. State Street Corp lifted its holdings in shares of Proficient Auto Logistics by 199.0% in the third quarter. State Street Corp now owns 157,551 shares of the company’s stock worth $2,234,000 after buying an additional 104,851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Proficient Auto Logistics by 53.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 133,733 shares of the company’s stock valued at $1,896,000 after purchasing an additional 46,312 shares during the last quarter.

Wall Street Analysts Forecast Growth

PAL has been the subject of several analyst reports. Stifel Nicolaus lowered their target price on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

Proficient Auto Logistics Price Performance

PAL opened at $9.89 on Monday. 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 firm has a fifty day moving average price of $10.08 and a 200 day moving average price of $10.78. Proficient Auto Logistics, Inc. has a 1 year low of $7.24 and a 1 year high of $21.01.

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.