PAMT (NASDAQ:PAMT) Posts Earnings Results

PAMT (NASDAQ:PAMT) posted its earnings results on Friday. The company reported ($0.45) earnings per share for the quarter, Zacks reports. PAMT had a negative return on equity of 12.07% and a negative net margin of 8.81%.

PAMT Stock Performance

PAMT traded down $0.06 on Friday, reaching $11.80. The stock had a trading volume of 8,091 shares, compared to its average volume of 25,907. The business’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $11.44. The company has a market cap of $246.97 million, a P/E ratio of -4.63 and a beta of 0.80. PAMT has a 12-month low of $8.90 and a 12-month high of $17.29. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 1.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PAMT in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PAMT presently has a consensus rating of “Reduce” and an average target price of $13.00.

Institutional Investors Weigh In On PAMT

A number of institutional investors have recently added to or reduced their stakes in PAMT. Bridgeway Capital Management LLC grew its holdings in PAMT by 3.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after buying an additional 5,797 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of PAMT in the second quarter valued at about $1,912,000. State Street Corp grew its holdings in shares of PAMT by 2.0% in the fourth quarter. State Street Corp now owns 62,152 shares of the company’s stock valued at $751,000 after purchasing an additional 1,208 shares during the period. Rhumbline Advisers acquired a new stake in PAMT during the first quarter worth about $189,000. Finally, Bank of America Corp DE purchased a new position in PAMT during the second quarter worth about $159,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

PAMT Company Profile

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.