Barclays PLC Buys Shares of 21,959 Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Barclays PLC purchased a new position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Proficient Auto Logistics during the 3rd quarter worth $104,000. MetLife Investment Management LLC purchased a new position in shares of Proficient Auto Logistics in the 3rd quarter valued at about $129,000. Verition Fund Management LLC acquired a new position in shares of Proficient Auto Logistics during the third quarter worth about $152,000. XTX Topco Ltd purchased a new stake in shares of Proficient Auto Logistics during the second quarter worth approximately $176,000. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in Proficient Auto Logistics in the third quarter valued at approximately $177,000.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Proficient Auto Logistics news, CEO Richard D. Odell purchased 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $9.20 per share, for a total transaction of $496,800.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Proficient Auto Logistics Trading Down 0.2 %

Shares of NASDAQ:PAL opened at $10.22 on Monday. The firm has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $13.52. Proficient Auto Logistics, Inc. has a twelve month low of $7.24 and a twelve month high of $21.01. 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 released its quarterly earnings data on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $89.54 million. The business’s revenue was down 12.5% compared to the same quarter last year. On average, research analysts expect that Proficient Auto Logistics, Inc. will post 0.4 EPS for the current year.

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.