Barclays PLC Invests $311,000 in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Barclays PLC acquired a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,959 shares of the company’s stock, valued at approximately $311,000. Barclays PLC owned approximately 0.08% of Proficient Auto Logistics as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Proficient Auto Logistics in the third quarter worth $104,000. MetLife Investment Management LLC acquired a new stake in Proficient Auto Logistics in the 3rd quarter valued at $129,000. Verition Fund Management LLC acquired a new stake in Proficient Auto Logistics in the 3rd quarter valued at $152,000. XTX Topco Ltd acquired a new position in shares of Proficient Auto Logistics during the 2nd quarter worth about $176,000. Finally, Nicholas Hoffman & Company LLC. bought a new position in shares of Proficient Auto Logistics in the 3rd quarter valued at about $177,000.

Proficient Auto Logistics Stock Performance

NASDAQ:PAL opened at $8.84 on Friday. Proficient Auto Logistics, Inc. has a 12-month low of $7.24 and a 12-month high of $21.01. The stock’s 50 day moving average price is $9.03 and its two-hundred day moving average price is $13.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25.

Proficient Auto Logistics (NASDAQ:PAL) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $91.50 million during the quarter, compared to the consensus estimate of $89.54 million. The business’s revenue was down 12.5% on a year-over-year basis. On average, equities research analysts predict that Proficient Auto Logistics, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

PAL has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Barrington Research cut their price objective on Proficient Auto Logistics from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Raymond James lowered their target price on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, October 14th.

Insider Transactions at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell bought 54,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $9.20 per share, for a total transaction of $496,800.00. Following the transaction, the chief executive officer now directly owns 753,802 shares in the company, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Proficient Auto Logistics Profile

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.