PAMT (NASDAQ:PAMT) Announces Quarterly Earnings Results

PAMT (NASDAQ:PAMT) posted its quarterly earnings results on Friday. The company reported ($0.46) earnings per share (EPS) for the quarter, Zacks reports. PAMT had a negative return on equity of 13.58% and a negative net margin of 8.80%.

PAMT Trading Down 3.9%

Shares of PAMT stock traded down $0.39 during trading hours on Friday, reaching $9.71. The company’s stock had a trading volume of 5,221 shares, compared to its average volume of 20,827. The stock has a market capitalization of $203.33 million, a P/E ratio of -3.88 and a beta of 0.84. PAMT has a one year low of $7.15 and a one year high of $17.29. The firm’s fifty day simple moving average is $9.29 and its 200 day simple moving average is $10.45. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.27.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PAMT shares. Weiss Ratings restated a “sell (e+)” rating on shares of PAMT in a research report on Friday, March 27th. Wall Street Zen lowered PAMT from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.00.

Institutional Investors Weigh In On PAMT

A number of large investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC grew its position in shares of PAMT by 14.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after buying an additional 25,108 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of PAMT in the 2nd quarter worth approximately $1,912,000. State Street Corp grew its position in shares of PAMT by 2.0% in the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after buying an additional 1,208 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of PAMT in the 1st quarter worth approximately $189,000. Finally, Bank of America Corp DE bought a new stake in shares of PAMT in the 2nd quarter worth approximately $159,000. 22.06% of the stock is currently owned by institutional investors.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.