Proficient Auto Logistics (NASDAQ:PAL) Director John Skiadas Sells 6,620 Shares

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director John Skiadas sold 6,620 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $7.37, for a total transaction of $48,789.40. Following the completion of the transaction, the director owned 1,911,967 shares of the company’s stock, valued at approximately $14,091,196.79. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Skiadas also recently made the following trade(s):

• On Friday, November 21st, John Skiadas sold 41,100 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.34, for a total value of $301,674.00.
• On Wednesday, November 19th, John Skiadas sold 9,010 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.23, for a total value of $65,142.30.

Proficient Auto Logistics Stock Up 2.8%

PAL traded up $0.20 on Friday, hitting $7.30. 264,505 shares of the company were exchanged, compared to its average volume of 267,848. The firm has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $7.26. The company has a current ratio of 1.14, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. Proficient Auto Logistics, Inc. has a twelve month low of $5.76 and a twelve month high of $11.37. The company has a market cap of $203.16 million, a price-to-earnings ratio of -365.00, a price-to-earnings-growth ratio of 21.04 and a beta of 2.53.

Institutional Trading of Proficient Auto Logistics

Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings 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 buying an additional 1,800 shares in the last quarter. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 1,975 shares during the last quarter. Corebridge Financial Inc. boosted its stake in Proficient Auto Logistics by 33.6% in the first quarter. Corebridge Financial Inc. now owns 10,409 shares of the company’s stock valued at $87,000 after acquiring an additional 2,619 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Proficient Auto Logistics by 29.0% in the first quarter. Victory Capital Management Inc. now owns 14,345 shares of the company’s stock valued at $120,000 after acquiring an additional 3,225 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after purchasing an additional 3,866 shares during the last quarter.

Wall Street Analyst Weigh In

PAL has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $12.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. William Blair cut shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus set a $13.00 target price on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.50.

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.