PAMT (NASDAQ:PAMT) Trading Down 0.2% – Time to Sell?

PAMT Corp. (NASDAQ:PAMT) shares were down 0.2% during mid-day trading on Friday . The stock traded as low as $11.79 and last traded at $12.02. 61,008 shares changed hands during mid-day trading, an increase of 180% from the average daily volume of 21,813 shares. The stock had previously closed at $12.04.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings raised PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded PAMT to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

PAMT Trading Down 0.2%

The firm has a market cap of $251.70 million, a P/E ratio of -5.92 and a beta of 1.03. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.29 and a current ratio of 1.32. The firm has a fifty day moving average of $14.11 and a 200-day moving average of $11.95.

PAMT (NASDAQ:PAMT) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.36) EPS for the quarter. PAMT had a negative return on equity of 13.82% and a negative net margin of 7.07%.The firm had revenue of $164.65 million for the quarter.

Hedge Funds Weigh In On PAMT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAMT. BlackRock Inc. bought a new position in shares of PAMT during the 2nd quarter valued at about $6,220,000. Bridgeway Capital Management LLC lifted its holdings in shares of PAMT by 14.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock valued at $2,441,000 after purchasing an additional 25,108 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of PAMT by 7.9% in the fourth 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. Geode Capital Management LLC acquired a new stake in PAMT during the second quarter valued at $1,912,000. Finally, Empowered Funds LLC lifted its stake in PAMT by 9.7% in the first 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 last quarter. 22.06% of the stock is owned by institutional investors.

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.