PAMT (NASDAQ:PAMT) Rating Lowered to “Sell” at Wall Street Zen

PAMT (NASDAQ:PAMT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PAMT in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, PAMT currently has an average rating of “Reduce” and a consensus price target of $13.00.

PAMT Price Performance

PAMT stock opened at $8.02 on Friday. The stock has a market cap of $167.86 million, a price-to-earnings ratio of -3.21 and a beta of 0.79. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $10.98. PAMT has a 52 week low of $7.15 and a 52 week high of $17.29.

PAMT (NASDAQ:PAMT) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $141.32 million during the quarter. PAMT had a negative net margin of 8.80% and a negative return on equity of 13.58%. On average, research analysts forecast that PAMT will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAMT

Several hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its holdings in shares of PAMT by 14.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after purchasing an additional 25,108 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of PAMT by 7.9% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock valued at $2,342,000 after buying an additional 14,244 shares in the last quarter. Geode Capital Management LLC bought a new stake in PAMT in the 2nd quarter worth approximately $1,912,000. State Street Corp lifted its position in PAMT by 2.0% in the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after buying an additional 1,208 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in PAMT in the second quarter worth approximately $740,000. Institutional investors own 22.06% of the company’s stock.

PAMT Company Profile

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.