PAMT (NASDAQ:PAMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PAMT (NASDAQ:PAMT) to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.00.

PAMT Stock Performance

NASDAQ:PAMT opened at $10.76 on Friday. The firm’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $11.41. The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market cap of $225.21 million, a PE ratio of -4.30 and a beta of 0.80. PAMT has a fifty-two week low of $8.90 and a fifty-two week high of $17.29.

PAMT (NASDAQ:PAMT) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.45) EPS for the quarter. PAMT had a negative return on equity of 13.03% and a negative net margin of 8.80%.The company had revenue of $141.32 million for the quarter. Analysts expect that PAMT will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of PAMT

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC increased its position in PAMT by 14.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 202,036 shares of the company’s stock worth $2,441,000 after purchasing an additional 25,108 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of PAMT by 7.9% during the 4th 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 during the last quarter. Geode Capital Management LLC purchased a new stake in shares of PAMT during the second quarter worth about $1,912,000. State Street Corp raised its position in shares of PAMT by 2.0% in the fourth quarter. State Street Corp now owns 62,152 shares of the company’s stock valued at $751,000 after buying an additional 1,208 shares during the last quarter. Finally, MAI Capital Management purchased a new position in shares of PAMT during the second quarter valued at approximately $740,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

About PAMT

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.