Proficient Auto Logistics (NASDAQ:PAL) Director Rohit Lal Buys 10,000 Shares

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director Rohit Lal acquired 10,000 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $6.38 per share, with a total value of $63,800.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $127,600. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $6.28 on Wednesday. The stock has a market cap of $174.77 million, a PE ratio of -5.15, a P/E/G ratio of 2.44 and a beta of 2.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. Proficient Auto Logistics, Inc. has a 12-month low of $5.76 and a 12-month high of $10.97. The business’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of Proficient Auto Logistics by 77.7% in the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after buying an additional 1,975 shares during the period. FNY Investment Advisers LLC raised its holdings in Proficient Auto Logistics by 44.6% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after purchasing an additional 1,789 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Proficient Auto Logistics in the 1st quarter worth approximately $73,000. Alliancebernstein L.P. boosted its stake in shares of Proficient Auto Logistics by 15.0% in the 3rd quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock valued at $95,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Odyssean LLC acquired a new stake in shares of Proficient Auto Logistics during the fourth quarter worth $98,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a research report on Tuesday, March 3rd. Stifel Nicolaus cut their price target on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.