Proficient Auto Logistics (NASDAQ:PAL) Director Rohit Lal Acquires 40,000 Shares of Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director Rohit Lal bought 40,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $5.43 per share, for a total transaction of $217,200.00. Following the acquisition, the director owned 61,903 shares of the company’s stock, valued at approximately $336,133.29. This trade represents a 182.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rohit Lal also recently made the following trade(s):

• On Friday, August 14th, Rohit Lal acquired 10,000 shares of Proficient Auto Logistics stock. The stock was purchased at an average price of $5.53 per share, for a total transaction of $55,300.00.

Proficient Auto Logistics Price Performance

PAL traded up $0.02 during trading on Friday, hitting $5.50. The stock had a trading volume of 703,099 shares, compared to its average volume of 607,984. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50-day moving average price is $7.02 and its 200 day moving average price is $7.01. Proficient Auto Logistics, Inc. has a twelve month low of $4.85 and a twelve month high of $10.97.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAL. Canada Pension Plan Investment Board acquired a new position in shares of Proficient Auto Logistics during the 2nd quarter worth approximately $265,000. Manatuck Hill Partners LLC acquired a new stake in Proficient Auto Logistics during the 2nd quarter valued at $340,000. De Lisle Partners LLP purchased a new position in Proficient Auto Logistics during the second quarter worth $3,914,000. Ieq Capital LLC purchased a new position in Proficient Auto Logistics during the second quarter worth $122,000. Finally, CM Wealth Advisors LLC acquired a new position in shares of Proficient Auto Logistics in the second quarter worth $729,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PAL shares. Zacks Research lowered shares of Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Monday. Stifel Nicolaus raised their price objective on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings lowered shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Barrington Research set a $12.00 price target on shares of Proficient Auto Logistics in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Proficient Auto Logistics from a “hold” rating to a “sell” rating in a research report on Sunday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.