PAMT (NASDAQ:PAMT) Announces Quarterly Earnings Results

PAMT (NASDAQ:PAMT) released its quarterly earnings data on Friday. The company reported ($0.45) EPS for the quarter, Zacks reports. PAMT had a negative return on equity of 12.07% and a negative net margin of 8.81%.

PAMT Stock Performance

PAMT stock traded down $0.05 during trading on Friday, reaching $11.81. The stock had a trading volume of 10,799 shares, compared to its average volume of 25,907. The firm has a market cap of $247.18 million, a PE ratio of -4.63 and a beta of 0.80. The company has a current ratio of 1.79, a quick ratio of 1.77 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $11.59 and its two-hundred day moving average is $11.44. PAMT has a 52 week low of $8.90 and a 52 week high of $17.29.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PAMT in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $13.00.

Hedge Funds Weigh In On PAMT

Several institutional investors have recently made changes to their positions in PAMT. Bridgeway Capital Management LLC purchased a new stake in PAMT during the second quarter valued at approximately $2,202,000. Geode Capital Management LLC bought a new stake in shares of PAMT during the 2nd quarter valued at $1,912,000. State Street Corp increased its stake 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 purchasing an additional 1,208 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of PAMT in the 1st quarter worth $189,000. Finally, Bank of America Corp DE bought a new position in PAMT in the 2nd quarter worth $159,000. Institutional investors own 22.06% of the company’s stock.

PAMT Company Profile

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.