Proficient Auto Logistics (NASDAQ:PAL) Stock: Insider Steven Lux Buys 6,000 Shares

Proficient Auto Logistics, Inc. (NASDAQ:PAL) Director Steven Lux bought 6,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were bought at an average cost of $4.01 per share, with a total value of $24,060.00. Following the purchase, the director directly owned 617,957 shares in the company, valued at approximately $2,478,007.57. This trade represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Proficient Auto Logistics Price Performance

Shares of NASDAQ:PAL opened at $3.78 on Friday. The business has a fifty day simple moving average of $5.67 and a 200 day simple moving average of $6.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17. Proficient Auto Logistics, Inc. has a 1 year low of $3.60 and a 1 year high of $10.97. The firm has a market cap of $106.03 million, a price-to-earnings ratio of -2.68 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PAL. WINTON GROUP Ltd acquired a new position in Proficient Auto Logistics during the 2nd quarter valued at $399,000. Squarepoint Ops LLC acquired a new stake in Proficient Auto Logistics in the 2nd quarter worth $173,000. VELA Investment Management LLC increased its holdings in shares of Proficient Auto Logistics by 23.8% during the 2nd quarter. VELA Investment Management LLC now owns 510,840 shares of the company’s stock worth $3,479,000 after purchasing an additional 98,235 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Proficient Auto Logistics during the second quarter valued at about $492,000. Finally, Empowered Funds LLC acquired a new position in shares of Proficient Auto Logistics during the second quarter valued at about $1,573,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Proficient Auto Logistics from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Proficient Auto Logistics from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised shares of Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Barrington Research set a $12.00 target price on Proficient Auto Logistics in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.00.

About Proficient Auto Logistics

Proficient Auto Logistics, Inc is a vehicle transportation and logistics company that moves finished automobiles for automotive manufacturers, dealerships, auctions and other customers. The company focuses primarily on transporting vehicles between manufacturing plants, distribution centers, rail facilities, ports, dealerships and end destinations.

Proficient Auto Logistics operates through a network of regional auto transport businesses and provides services including vehicle pickup, long-haul transportation, delivery coordination and related logistics support.