Proficient Auto Logistics (NASDAQ:PAL) Director Sells $132,822.90 in Stock

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director John Skiadas sold 18,270 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $7.27, for a total transaction of $132,822.90. Following the sale, the director owned 1,852,597 shares of the company’s stock, valued at approximately $13,468,380.19. The trade was a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Skiadas also recently made the following trade(s):

• On Friday, November 21st, John Skiadas sold 41,100 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.34, for a total value of $301,674.00.
• On Thursday, November 20th, John Skiadas sold 6,620 shares of Proficient Auto Logistics stock. The stock was sold at an average price of $7.37, for a total value of $48,789.40.
• On Wednesday, November 19th, John Skiadas sold 9,010 shares of Proficient Auto Logistics stock. The shares were sold at an average price of $7.23, for a total value of $65,142.30.

Proficient Auto Logistics Price Performance

Shares of NASDAQ PAL opened at $8.15 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $226.81 million, a PE ratio of -407.50, a P/E/G ratio of 24.15 and a beta of 2.53. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $11.37. The business’s fifty day moving average price is $6.86 and its 200-day moving average price is $7.26.

Institutional Trading of Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of PAL. Windsor Advisory Group LLC purchased a new stake in Proficient Auto Logistics in the 3rd quarter worth approximately $254,000. Sender Co & Partners Inc. increased its holdings in shares of Proficient Auto Logistics by 41.2% in the third quarter. Sender Co & Partners Inc. now owns 36,700 shares of the company’s stock worth $253,000 after purchasing an additional 10,711 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Proficient Auto Logistics by 12.6% in the third quarter. Alyeska Investment Group L.P. now owns 524,953 shares of the company’s stock worth $3,617,000 after buying an additional 58,825 shares in the last quarter. Millennium Management LLC raised its position in shares of Proficient Auto Logistics by 1.4% in the third quarter. Millennium Management LLC now owns 619,946 shares of the company’s stock worth $4,271,000 after buying an additional 8,838 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Proficient Auto Logistics by 17.4% during the third quarter. Bank of America Corp DE now owns 342,095 shares of the company’s stock valued at $2,357,000 after buying an additional 50,740 shares during the period.

Wall Street Analysts Forecast Growth

PAL has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $12.00 target price on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. Stifel Nicolaus set a $13.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Proficient Auto Logistics in a report on Wednesday, October 8th. Finally, William Blair downgraded Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.50.

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.