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%.
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.
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