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

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

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock opened at $5.02 on Tuesday. The firm has a market capitalization of $139.41 million, a P/E ratio of -3.77, a PEG ratio of 2.26 and a beta of 1.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $6.57 and a 200 day moving average price of $8.00. Proficient Auto Logistics, Inc. has a 52 week low of $4.91 and a 52 week high of $10.97.

Institutional Investors Weigh In On Proficient Auto Logistics

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Proficient Auto Logistics by 77.7% in the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock valued at $31,000 after buying an additional 1,975 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Proficient Auto Logistics by 44.6% in the third quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock valued at $39,000 after buying an additional 1,789 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Proficient Auto Logistics in the first quarter valued at about $73,000. Odyssean LLC acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at about $98,000. Finally, Invesco Ltd. acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at about $101,000.

Wall Street Analyst Weigh In

Several brokerages have commented on PAL. Weiss Ratings restated a “sell (d-)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, May 13th. Barrington Research set a $10.00 price target on Proficient Auto Logistics in a research note on Monday, May 11th. Stifel Nicolaus dropped their price target on Proficient Auto Logistics from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Finally, Zacks Research lowered Proficient Auto Logistics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Proficient Auto Logistics currently has an average rating of “Hold” and a consensus price target of $10.00.

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.