Nicholas Hoffman & Company LLC. Acquires Shares of 12,500 Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Nicholas Hoffman & Company LLC. acquired a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $177,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $1,867,000. AYAL Capital Advisors Ltd acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $5,220,000. Wedge Capital Management L L P NC acquired a new stake in shares of Proficient Auto Logistics during the third quarter worth $1,691,000. Emerald Advisers LLC acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $1,172,000. Finally, Millennium Management LLC acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $14,446,000.

Insider Activity at Proficient Auto Logistics

In related news, Director James B. Gattoni bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $18.98 per share, for a total transaction of $379,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $379,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Proficient Auto Logistics Stock Up 1.3 %

PAL stock opened at $8.34 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 1.36. Proficient Auto Logistics, Inc. has a fifty-two week low of $8.16 and a fifty-two week high of $21.01. The business has a 50-day moving average price of $14.86.

Proficient Auto Logistics (NASDAQ:PAL) last released its quarterly earnings data on Friday, August 9th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $106.61 million during the quarter, compared to analyst estimates of $101.69 million. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, analysts forecast that Proficient Auto Logistics, Inc. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAL. Raymond James dropped their target price on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus dropped their target price on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Barrington Research dropped their price objective on shares of Proficient Auto Logistics from $22.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th.

About Proficient Auto Logistics

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.