Proficient Auto Logistics (NASDAQ:PAL) CEO Richard Odell Sells 33,743 Shares

Proficient Auto Logistics, Inc. (NASDAQ:PAL) CEO Richard Odell sold 33,743 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $5.08, for a total value of $171,414.44. Following the transaction, the chief executive officer directly owned 964,099 shares in the company, valued at $4,897,622.92. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Proficient Auto Logistics Trading Up 2.0%

Shares of NASDAQ PAL traded up $0.10 during midday trading on Monday, reaching $5.02. The company had a trading volume of 552,429 shares, compared to its average volume of 319,701. Proficient Auto Logistics, Inc. has a one year low of $4.91 and a one year high of $10.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $6.57 and its 200-day moving average price is $8.00. The stock has a market cap of $139.41 million, a PE ratio of -3.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.90.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Proficient Auto Logistics in a research note on Wednesday. Barrington Research set a $10.00 price target on Proficient Auto Logistics in a research note on Monday, May 11th. Stifel Nicolaus decreased their price target on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Zacks Research cut Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Proficient Auto Logistics

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Proficient Auto Logistics by 44.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after buying an additional 3,866 shares during the last quarter. Millennium Management LLC grew its position in shares of Proficient Auto Logistics by 5.9% in the 1st quarter. Millennium Management LLC now owns 634,277 shares of the company’s stock worth $5,309,000 after buying an additional 35,335 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Proficient Auto Logistics in the 1st quarter worth approximately $215,000. Jones Financial Companies Lllp bought a new stake in shares of Proficient Auto Logistics in the 1st quarter worth approximately $73,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Proficient Auto Logistics by 138.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,585 shares of the company’s stock worth $884,000 after buying an additional 61,272 shares during the last quarter.

Proficient Auto Logistics Company Profile

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.