Patriot Transportation Holding Inc (NASDAQ:PATI) Major Shareholder Acquires $12,319.20 in Stock

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Patriot Transportation Holding Inc (NASDAQ:PATI) major shareholder John D. Baker II acquired 1,180 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was bought at an average price of $10.44 per share, for a total transaction of $12,319.20. Following the completion of the transaction, the insider now owns 4,000 shares of the company’s stock, valued at approximately $41,760. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of PATI stock traded down $0.13 during trading on Thursday, hitting $9.88. The company had a trading volume of 101 shares, compared to its average volume of 6,377. The stock’s 50-day moving average is $11.66 and its two-hundred day moving average is $16.14. The stock has a market capitalization of $33.71 million, a price-to-earnings ratio of 27.94 and a beta of -0.09. Patriot Transportation Holding Inc has a 52 week low of $8.31 and a 52 week high of $21.26.

Patriot Transportation (NASDAQ:PATI) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported ($0.14) earnings per share for the quarter. The company had revenue of $24.81 million during the quarter. Patriot Transportation had a return on equity of 0.80% and a net margin of 0.39%.

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Patriot Transportation by 134.4% in the fourth quarter. Bank of America Corp DE now owns 1,629 shares of the transportation company’s stock worth $31,000 after purchasing an additional 934 shares during the last quarter. Raymond James & Associates increased its position in shares of Patriot Transportation by 37.5% in the fourth quarter. Raymond James & Associates now owns 15,853 shares of the transportation company’s stock worth $309,000 after purchasing an additional 4,325 shares during the last quarter. Estabrook Capital Management grew its position in Patriot Transportation by 9.9% during the fourth quarter. Estabrook Capital Management now owns 103,622 shares of the transportation company’s stock valued at $2,019,000 after acquiring an additional 9,337 shares during the last quarter. Finally, Willis Investment Counsel grew its position in Patriot Transportation by 10.0% during the third quarter. Willis Investment Counsel now owns 147,653 shares of the transportation company’s stock valued at $2,643,000 after acquiring an additional 13,482 shares during the last quarter. Institutional investors own 47.13% of the company’s stock.

Separately, ValuEngine upgraded shares of Patriot Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, March 17th.

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.

See Also: VIX – Volatility Index

Insider Buying and Selling by Quarter for Patriot Transportation (NASDAQ:PATI)

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