Renaissance Technologies LLC Has $7.38 Million Stock Holdings in PAMT Corp. $PAMT

Renaissance Technologies LLC trimmed its stake in shares of PAMT Corp. (NASDAQ:PAMT) by 4.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 872,741 shares of the company’s stock after selling 36,461 shares during the quarter. Renaissance Technologies LLC’s holdings in PAMT were worth $7,375,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bridgeway Capital Management LLC acquired a new position in PAMT in the second quarter valued at about $2,202,000. Geode Capital Management LLC acquired a new stake in PAMT during the second quarter worth about $1,912,000. Rhumbline Advisers bought a new position in PAMT in the 1st quarter valued at about $189,000. Pacific Ridge Capital Partners LLC increased 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 valued at $2,342,000 after buying an additional 14,244 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of PAMT in the 2nd quarter valued at approximately $159,000. Institutional investors own 22.06% of the company’s stock.

PAMT Stock Performance

Shares of PAMT stock opened at $16.66 on Tuesday. The business’s 50-day moving average price is $14.48 and its 200-day moving average price is $11.77. PAMT Corp. has a 12 month low of $7.15 and a 12 month high of $17.44. The firm has a market capitalization of $348.86 million, a price-to-earnings ratio of -7.82 and a beta of 1.03. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20.

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

Analysts Set New Price Targets

PAMT has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of PAMT to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings raised shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.