PAMT Corp. (NASDAQ:PAMT) Sees Significant Growth in Short Interest

PAMT Corp. (NASDAQ:PAMT) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 74,525 shares, a growth of 46.4% from the February 26th total of 50,903 shares. Based on an average daily volume of 22,005 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.4% of the shares of the company are sold short.

PAMT Stock Performance

NASDAQ:PAMT traded down $0.19 during mid-day trading on Friday, hitting $8.19. 9,761 shares of the stock were exchanged, compared to its average volume of 24,100. The stock has a market capitalization of $171.42 million, a price-to-earnings ratio of -3.28 and a beta of 0.79. The firm’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $10.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.21 and a current ratio of 1.23. PAMT has a fifty-two week low of $7.15 and a fifty-two week high of $17.29.

PAMT (NASDAQ:PAMT) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.45) EPS for the quarter. The firm 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%. As a group, equities analysts anticipate that PAMT will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

PAMT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a research report on Monday, December 29th. Wall Street Zen cut shares of PAMT from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PAMT has a consensus rating of “Reduce” and an average target price of $13.00.

Hedge Funds Weigh In On PAMT

Several institutional investors and hedge funds have recently modified their holdings of PAMT. Bridgeway Capital Management LLC increased its position in PAMT by 14.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after acquiring an additional 25,108 shares during the period. Russell Investments Group Ltd. boosted its holdings in PAMT by 841.7% in the 4th quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares during the period. State Street Corp grew its position in shares of PAMT by 2.0% during the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock worth $751,000 after purchasing an additional 1,208 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position 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 worth $2,342,000 after purchasing an additional 14,244 shares in the last quarter. Finally, EJF Capital LLC bought a new position in shares of PAMT during the second quarter worth approximately $322,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

About PAMT

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.