PAMT (NASDAQ:PAMT) Stock Price Down 0.4% – Here’s Why

PAMT Corp. (NASDAQ:PAMT)’s share price traded down 0.4% on Monday . The company traded as low as $7.96 and last traded at $8.02. 13,925 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 21,123 shares. The stock had previously closed at $8.05.

Analysts Set New Price Targets

PAMT has been the topic of a number of analyst reports. Wall Street Zen raised shares of PAMT to a “hold” rating in a research note on Saturday, February 21st. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $13.00.

PAMT Stock Down 7.2%

The business has a 50-day moving average of $11.04 and a 200-day moving average of $11.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.21 and a current ratio of 1.23. The stock has a market capitalization of $157.60 million, a price-to-earnings ratio of -3.01 and a beta of 0.79.

PAMT (NASDAQ:PAMT) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.45) earnings per share (EPS) for the quarter. The company 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, sell-side analysts expect that PAMT Corp. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On PAMT

Institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC acquired a new stake in shares of PAMT during the second quarter worth about $2,202,000. Geode Capital Management LLC purchased a new stake in PAMT in the 2nd quarter worth approximately $1,912,000. MAI Capital Management purchased a new position in shares of PAMT during the 2nd quarter worth about $740,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of PAMT by 17.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 179,636 shares of the company’s stock valued at $2,048,000 after purchasing an additional 26,999 shares during the last quarter. Finally, EJF Capital LLC purchased a new stake in PAMT during the second quarter valued at about $322,000. 22.06% of the stock is owned by institutional investors and hedge funds.

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.