Bastion Asset Management Inc. Has $1.43 Million Stake in Proficient Auto Logistics, Inc. $PAL

Bastion Asset Management Inc. trimmed its position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 52.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,329 shares of the company’s stock after selling 216,438 shares during the period. Bastion Asset Management Inc.’s holdings in Proficient Auto Logistics were worth $1,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in shares of Proficient Auto Logistics during the 2nd quarter worth about $29,000. Goldman Sachs Group Inc. increased its position in Proficient Auto Logistics by 138.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,585 shares of the company’s stock worth $884,000 after buying an additional 61,272 shares during the period. Jane Street Group LLC bought a new position in Proficient Auto Logistics in the 1st quarter worth approximately $311,000. Jones Financial Companies Lllp acquired a new position in shares of Proficient Auto Logistics during the first quarter worth approximately $73,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Proficient Auto Logistics in the first quarter valued at approximately $215,000.

Wall Street Analyst Weigh In

PAL has been the topic of a number of research reports. Stifel Nicolaus set a $13.00 target price on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. William Blair lowered shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Barrington Research restated an “outperform” rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Proficient Auto Logistics presently has an average rating of “Hold” and an average price target of $12.50.

Proficient Auto Logistics Trading Down 3.9%

Shares of PAL stock opened at $6.97 on Friday. The firm has a fifty day moving average of $6.91 and a 200-day moving average of $7.37. The stock has a market cap of $193.70 million, a price-to-earnings ratio of 232.33, a P/E/G ratio of 11.15 and a beta of 2.53. Proficient Auto Logistics, Inc. has a 52-week low of $5.76 and a 52-week high of $11.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16.

Proficient Auto Logistics Company Profile

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.