Renaissance Technologies LLC Has $7.38 Million Stock Position in PAMT Corp. $PAMT

Renaissance Technologies LLC lessened its stake in shares of PAMT Corp. (NASDAQ:PAMT) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 872,741 shares of the company’s stock after selling 36,461 shares during the period. Renaissance Technologies LLC owned about 4.17% of PAMT worth $7,375,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bridgeway Capital Management LLC increased its position in shares of 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of PAMT by 841.7% during the 4th quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock worth $57,000 after purchasing an additional 4,200 shares in the last quarter. State Street Corp boosted its holdings in shares of PAMT by 2.0% in the 4th 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. Pacific Ridge Capital Partners LLC boosted its holdings in shares of PAMT by 7.9% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 193,880 shares of the company’s stock valued at $2,342,000 after buying an additional 14,244 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of PAMT in the second quarter valued at $159,000. 22.06% of the stock is owned by institutional investors and hedge funds.

PAMT Price Performance

NASDAQ:PAMT opened at $16.66 on Tuesday. PAMT Corp. has a 52 week low of $7.15 and a 52 week high of $17.44. The firm has a market cap of $348.86 million, a price-to-earnings ratio of -7.82 and a beta of 1.03. The firm’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $11.77. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.28 and a current ratio of 1.30.

PAMT (NASDAQ:PAMT) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter. PAMT had a negative net margin of 7.61% and a negative return on equity of 15.16%. The business had revenue of $141.88 million during the quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings raised shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of PAMT to a “hold” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, PAMT has an average rating of “Sell”.

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.