Patriot Transportation Holding Inc (NASDAQ:PATI) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,400 shares, an increase of 100.0% from the September 15th total of 700 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 900 shares, the short-interest ratio is presently 1.6 days.
Separately, ValuEngine raised Patriot Transportation from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd.
PATI stock opened at $18.34 on Tuesday. The stock has a 50-day moving average price of $17.92 and a 200-day moving average price of $18.08. Patriot Transportation has a 1-year low of $16.01 and a 1-year high of $21.24. The firm has a market cap of $59.58 million, a PE ratio of 49.44 and a beta of -0.15.
Patriot Transportation (NASDAQ:PATI) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $0.12 earnings per share for the quarter. Patriot Transportation had a return on equity of 2.16% and a net margin of 1.97%. The firm had revenue of $27.53 million during the quarter.
A hedge fund recently raised its stake in Patriot Transportation stock. Minerva Advisors LLC lifted its holdings in Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,325 shares of the transportation company’s stock after acquiring an additional 1,426 shares during the period. Patriot Transportation makes up approximately 2.3% of Minerva Advisors LLC’s portfolio, making the stock its 13th biggest position. Minerva Advisors LLC owned approximately 7.51% of Patriot Transportation worth $4,273,000 at the end of the most recent quarter. Institutional investors and hedge funds own 48.62% of the company’s stock.
About Patriot Transportation
Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.
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