Ghisallo Capital Management LLC Invests $3.21 Million in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Ghisallo Capital Management LLC purchased a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $3,212,000. Ghisallo Capital Management LLC owned approximately 0.77% of Proficient Auto Logistics at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth about $176,000. Federated Hermes Inc. purchased a new stake in shares of Proficient Auto Logistics during the 2nd quarter valued at about $257,000. Blair William & Co. IL acquired a new position in shares of Proficient Auto Logistics during the second quarter worth $660,000. Marshall Wace LLP purchased a new position in Proficient Auto Logistics in the 2nd quarter valued at about $1,082,000. Finally, Emerald Advisers LLC purchased a new position in Proficient Auto Logistics in the second quarter valued at about $1,172,000.

Proficient Auto Logistics Trading Down 4.8 %

Shares of PAL stock opened at $13.50 on Wednesday. The firm has a 50 day moving average of $18.15. Proficient Auto Logistics, Inc. has a twelve month low of $13.28 and a twelve month high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $106.61 million during the quarter, compared to the consensus estimate of $101.69 million. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts forecast that Proficient Auto Logistics, Inc. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

PAL has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $22.00 price target on shares of Proficient Auto Logistics in a research note on Friday, September 20th. Stifel Nicolaus cut their price objective on shares of Proficient Auto Logistics from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Raymond James lifted their price objective on shares of Proficient Auto Logistics from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, August 12th.

Insider Transactions at Proficient Auto Logistics

In other news, Director James B. Gattoni bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $18.98 per share, for a total transaction of $379,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $379,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Proficient Auto Logistics Company 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.