Richard D. Odell Acquires 54,000 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) CEO Richard D. Odell purchased 54,000 shares of Proficient Auto Logistics stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $9.20 per share, for a total transaction of $496,800.00. Following the completion of the transaction, the chief executive officer now directly owns 753,802 shares in the company, valued at $6,934,978.40. The trade was a 7.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Proficient Auto Logistics Stock Performance

Shares of Proficient Auto Logistics stock opened at $9.54 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $12.53. Proficient Auto Logistics, Inc. has a 1 year low of $8.06 and a 1 year high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last posted its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $91.50 million for the quarter, compared to the consensus estimate of $89.54 million. Proficient Auto Logistics’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, sell-side analysts predict that Proficient Auto Logistics, Inc. will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Proficient Auto Logistics in the 3rd quarter valued at approximately $104,000. MetLife Investment Management LLC bought a new position in shares of Proficient Auto Logistics during the 3rd quarter worth approximately $129,000. Verition Fund Management LLC acquired a new stake in shares of Proficient Auto Logistics in the third quarter valued at approximately $152,000. XTX Topco Ltd bought a new stake in shares of Proficient Auto Logistics in the second quarter worth $176,000. Finally, Nicholas Hoffman & Company LLC. bought a new stake in shares of Proficient Auto Logistics in the third quarter worth $177,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PAL shares. Raymond James cut their target price on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Barrington Research cut their target price on shares of Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th.

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.