Proficient Auto Logistics, Inc. $PAL Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust cut its position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 15.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 273,289 shares of the company’s stock after selling 50,000 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Proficient Auto Logistics were worth $1,883,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAL. Boston Partners raised its position in shares of Proficient Auto Logistics by 47.9% in the second quarter. Boston Partners now owns 2,141,012 shares of the company’s stock worth $15,540,000 after acquiring an additional 693,225 shares during the period. American Century Companies Inc. increased its stake in shares of Proficient Auto Logistics by 18.2% in the 2nd quarter. American Century Companies Inc. now owns 1,795,883 shares of the company’s stock valued at $13,038,000 after purchasing an additional 276,269 shares in the last quarter. VELA Investment Management LLC purchased a new position in shares of Proficient Auto Logistics in the 3rd quarter valued at about $1,385,000. AYAL Capital Advisors Ltd raised its holdings in Proficient Auto Logistics by 30.3% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 590,700 shares of the company’s stock worth $4,288,000 after purchasing an additional 137,241 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Proficient Auto Logistics by 25.7% during the second quarter. First Eagle Investment Management LLC now owns 516,473 shares of the company’s stock worth $3,750,000 after purchasing an additional 105,725 shares in the last quarter.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ:PAL opened at $10.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. Proficient Auto Logistics, Inc. has a 1 year low of $5.76 and a 1 year high of $11.37. The firm has a market capitalization of $279.41 million, a PE ratio of -502.00, a P/E/G ratio of 2.10 and a beta of 2.18. The business’s 50 day moving average price is $9.36 and its 200-day moving average price is $7.92.

Analyst Ratings Changes

PAL has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $12.00 price objective on shares of Proficient Auto Logistics in a report on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price target on shares of Proficient Auto Logistics from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.00.

Insiders Place Their Bets

In other Proficient Auto Logistics news, Director John Skiadas sold 41,100 shares of Proficient Auto Logistics stock in a transaction on Friday, November 21st. The shares were sold at an average price of $7.34, for a total transaction of $301,674.00. Following the sale, the director owned 1,870,867 shares of the company’s stock, valued at $13,732,163.78. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 75,000 shares of company stock valued at $548,429. Company insiders own 13.90% of the company’s stock.

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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.