Patriot Transportation Holding Inc (NASDAQ:PATI) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 500 shares, a decrease of 37.5% from the July 31st total of 800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,300 shares, the short-interest ratio is currently 0.4 days.
A hedge fund recently raised its stake in Patriot Transportation stock. Minerva Advisors LLC grew its stake in shares of Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,325 shares of the transportation company’s stock after acquiring an additional 1,426 shares during the period. Patriot Transportation accounts for approximately 2.3% of Minerva Advisors LLC’s portfolio, making the stock its 13th largest holding. Minerva Advisors LLC owned 7.51% of Patriot Transportation worth $4,273,000 as of its most recent SEC filing. Institutional investors own 48.62% of the company’s stock.
Separately, ValuEngine raised Patriot Transportation from a “sell” rating to a “hold” rating in a report on Monday, July 22nd.
Patriot Transportation (NASDAQ:PATI) last posted its earnings results on Wednesday, July 31st. The transportation company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $27.53 million for the quarter. Patriot Transportation had a return on equity of 2.16% and a net margin of 1.97%.
About Patriot Transportation
Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.
Further Reading: Growth Stocks
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