Rhumbline Advisers Buys 1,238 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Rhumbline Advisers grew its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,971 shares of the company’s stock after purchasing an additional 1,238 shares during the period. Rhumbline Advisers owned approximately 0.06% of Proficient Auto Logistics worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Proficient Auto Logistics by 136.9% in the 3rd quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after acquiring an additional 200,977 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Proficient Auto Logistics by 159,197.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock worth $791,000 after purchasing an additional 55,719 shares in the last quarter. State Street Corp increased its holdings in Proficient Auto Logistics by 199.0% during the 3rd quarter. State Street Corp now owns 157,551 shares of the company’s stock worth $2,234,000 after purchasing an additional 104,851 shares in the last quarter. Barclays PLC bought a new stake in Proficient Auto Logistics during the 3rd quarter worth approximately $311,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Proficient Auto Logistics during the 3rd quarter worth approximately $1,362,000.

Analyst Ratings Changes

A number of analysts have commented on PAL shares. Stifel Nicolaus decreased their price objective on Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a report on Wednesday, February 12th.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ PAL opened at $9.76 on Tuesday. Proficient Auto Logistics, Inc. has a twelve month low of $7.24 and a twelve month high of $21.01. The stock’s 50 day moving average price is $9.90 and its 200-day moving average price is $11.35. 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 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.