Proficient Auto Logistics, Inc. (NASDAQ:PAL) Stake Reduced by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 69.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,451 shares of the company’s stock after selling 317,905 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.52% of Proficient Auto Logistics worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in PAL. Quantbot Technologies LP bought a new stake in Proficient Auto Logistics during the fourth quarter worth approximately $49,000. Wells Fargo & Company MN boosted its stake in shares of Proficient Auto Logistics by 37.9% during the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock worth $70,000 after acquiring an additional 2,373 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Proficient Auto Logistics in the 4th quarter worth $90,000. Nicholas Hoffman & Company LLC. raised its position in shares of Proficient Auto Logistics by 20.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock worth $121,000 after purchasing an additional 2,500 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after purchasing an additional 1,238 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on PAL shares. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, April 14th.

Proficient Auto Logistics Stock Performance

NASDAQ:PAL opened at $9.70 on Wednesday. The stock’s 50-day moving average is $9.08 and its two-hundred day moving average is $9.36. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $21.01.

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.