PAMT (NASDAQ:PAMT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of PAMT (NASDAQ:PAMT) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings upgraded shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PAMT presently has a consensus rating of “Reduce” and an average price target of $13.00.

PAMT Stock Performance

Shares of PAMT opened at $14.84 on Friday. The business’s fifty day moving average price is $13.38 and its 200 day moving average price is $11.48. PAMT has a 12-month low of $7.15 and a 12-month high of $16.50. The stock has a market capitalization of $310.75 million, a PE ratio of -6.97 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.30 and a quick ratio of 1.28.

PAMT (NASDAQ:PAMT) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.46) EPS for the quarter. PAMT had a negative return on equity of 15.16% and a negative net margin of 7.61%.The business had revenue of $141.88 million during the quarter.

Institutional Investors Weigh In On PAMT

Several large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC raised its holdings in shares of PAMT by 14.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock valued at $2,441,000 after buying an additional 25,108 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in PAMT by 7.9% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock worth $2,342,000 after buying an additional 14,244 shares in the last quarter. Geode Capital Management LLC acquired a new stake in PAMT in the 2nd quarter valued at approximately $1,912,000. Empowered Funds LLC increased its position in PAMT by 9.7% in the 1st quarter. Empowered Funds LLC now owns 90,870 shares of the company’s stock valued at $768,000 after acquiring an additional 8,054 shares during the period. Finally, State Street Corp raised its stake in PAMT by 2.0% during the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock valued at $751,000 after acquiring an additional 1,208 shares in the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.