Proficient Auto Logistics, Inc. $PAL Holdings Trimmed by Bastion Asset Management Inc.

Bastion Asset Management Inc. lowered its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 52.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,329 shares of the company’s stock after selling 216,438 shares during the period. Bastion Asset Management Inc. owned approximately 0.73% of Proficient Auto Logistics worth $1,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Proficient Auto Logistics in the 2nd quarter worth about $29,000. Jones Financial Companies Lllp purchased a new stake in shares of Proficient Auto Logistics in the first quarter worth approximately $73,000. Corebridge Financial Inc. lifted its position in shares of Proficient Auto Logistics by 33.6% in the first quarter. Corebridge Financial Inc. now owns 10,409 shares of the company’s stock worth $87,000 after purchasing an additional 2,619 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after purchasing an additional 3,866 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in Proficient Auto Logistics during the first quarter valued at approximately $111,000.

Analyst Ratings Changes

A number of research firms have issued reports on PAL. Barrington Research reiterated an “outperform” rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a research report on Tuesday, October 21st. William Blair lowered Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a report on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $13.00 price target on Proficient Auto Logistics in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Proficient Auto Logistics Trading Down 3.9%

Proficient Auto Logistics stock opened at $6.97 on Friday. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $11.37. The company’s fifty day moving average price is $6.91 and its two-hundred day moving average price is $7.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $193.70 million, a price-to-earnings ratio of 232.33, a PEG ratio of 11.15 and a beta of 2.53.

About Proficient Auto Logistics

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.