Empowered Funds LLC Purchases Shares of 90,870 PAMT Corp. $PAMT

Empowered Funds LLC acquired a new stake in shares of PAMT Corp. (NASDAQ:PAMT) during the second quarter, Holdings Channel reports. The fund acquired 90,870 shares of the company’s stock, valued at approximately $1,273,000.

Several other large investors have also recently modified their holdings of PAMT. Geode Capital Management LLC bought a new stake in shares of PAMT in the 2nd quarter worth approximately $1,912,000. State Street Corp increased its position in shares of PAMT by 2.0% during the fourth quarter. State Street Corp now owns 62,152 shares of the company’s stock valued at $751,000 after buying an additional 1,208 shares during the period. Rhumbline Advisers purchased a new position in shares of PAMT during the first quarter valued at about $189,000. Bank of America Corp DE bought a new position in PAMT in the second quarter worth about $159,000. Finally, Strs Ohio bought a new position in PAMT in the first quarter worth about $100,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

PAMT Trading Up 4.2%

PAMT stock opened at $13.15 on Friday. PAMT Corp. has a 52-week low of $7.15 and a 52-week high of $17.75. The company has a market cap of $275.36 million, a P/E ratio of -6.48 and a beta of 0.98. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 1.32. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $11.97.

PAMT (NASDAQ:PAMT) last released its earnings results on Tuesday, August 4th. The company reported ($0.36) earnings per share for the quarter. PAMT had a negative net margin of 7.07% and a negative return on equity of 13.82%. The company had revenue of $164.65 million for the quarter.

Wall Street Analyst Weigh In

PAMT has been the topic of several research reports. Weiss Ratings raised PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of PAMT to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PAMT presently has a consensus rating of “Sell”.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.