PAMT (NASDAQ:PAMT) Shares Down 4.7% – What’s Next?

Shares of PAMT Corp. (NASDAQ:PAMT) dropped 4.7% during trading on Monday . The company traded as low as $15.01 and last traded at $15.12. Approximately 14,809 shares traded hands during trading, a decline of 26% from the average daily volume of 19,898 shares. The stock had previously closed at $15.87.

Analysts Set New Price Targets

PAMT has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of PAMT from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of PAMT in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $13.00.

PAMT Stock Down 5.9%

The company has a market cap of $290.44 million, a PE ratio of -6.51 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $10.94.

PAMT (NASDAQ:PAMT) last announced its quarterly earnings results 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.

Institutional Trading of PAMT

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of PAMT in the second quarter valued at about $44,000. Russell Investments Group Ltd. lifted its holdings in shares of PAMT by 841.7% in the fourth quarter. Russell Investments Group Ltd. now owns 4,699 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of PAMT in the second quarter valued at about $88,000. Strs Ohio purchased a new stake in shares of PAMT in the first quarter valued at about $100,000. Finally, Bank of America Corp DE purchased a new stake in shares of PAMT in the second quarter valued at about $159,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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.