Proficient Auto Logistics (NASDAQ:PAL) Director Steven Lux Buys 6,000 Shares of Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director Steven Lux purchased 6,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $4.01 per share, for a total transaction of $24,060.00. Following the completion of the purchase, the director directly owned 617,957 shares of the company’s stock, valued at approximately $2,478,007.57. This trade represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock traded down $0.09 during trading hours on Wednesday, hitting $3.87. The stock had a trading volume of 640,943 shares, compared to its average volume of 421,255. The company has a 50-day moving average of $5.82 and a two-hundred day moving average of $6.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. The company has a market cap of $108.55 million, a PE ratio of -2.74 and a beta of 1.15. Proficient Auto Logistics, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $10.97.

Institutional Investors Weigh In On Proficient Auto Logistics

Several large investors have recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in shares of Proficient Auto Logistics in the 2nd quarter worth approximately $399,000. Squarepoint Ops LLC acquired a new stake in Proficient Auto Logistics in the 2nd quarter valued at $173,000. VELA Investment Management LLC boosted its stake in Proficient Auto Logistics by 23.8% in the 2nd quarter. VELA Investment Management LLC now owns 510,840 shares of the company’s stock valued at $3,479,000 after buying an additional 98,235 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Proficient Auto Logistics in the second quarter valued at $492,000. Finally, Empowered Funds LLC bought a new stake in Proficient Auto Logistics in the second quarter valued at $1,573,000.

Analysts Set New Price Targets

A number of research analysts recently commented on PAL shares. Zacks Research upgraded Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded shares of Proficient Auto Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. Barrington Research set a $12.00 price objective on shares of Proficient Auto Logistics in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus raised their price objective on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc is a vehicle transportation and logistics company that moves finished automobiles for automotive manufacturers, dealerships, auctions and other customers. The company focuses primarily on transporting vehicles between manufacturing plants, distribution centers, rail facilities, ports, dealerships and end destinations.

Proficient Auto Logistics operates through a network of regional auto transport businesses and provides services including vehicle pickup, long-haul transportation, delivery coordination and related logistics support.