6,045 Shares in Proficient Auto Logistics, Inc. (NASDAQ:PAL) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the fourth quarter, Holdings Channel reports. The fund bought 6,045 shares of the company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. bought a new position in Proficient Auto Logistics in the fourth quarter valued at $90,000. Nicholas Hoffman & Company LLC. grew its holdings in Proficient Auto Logistics by 20.0% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock worth $121,000 after acquiring an additional 2,500 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Proficient Auto Logistics in the third quarter valued at about $129,000. Rhumbline Advisers increased its position in shares of Proficient Auto Logistics by 7.9% in the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after acquiring an additional 1,238 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Proficient Auto Logistics during the third quarter valued at about $152,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PAL. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.

Proficient Auto Logistics Stock Down 2.2 %

Shares of PAL stock opened at $8.19 on Wednesday. The company’s 50-day moving average is $9.94 and its 200 day moving average is $10.37. Proficient Auto Logistics, Inc. has a one year low of $7.24 and a one year high of $21.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25.

About Proficient Auto Logistics

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.