Mutual of America Capital Management LLC Buys New Stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Mutual of America Capital Management LLC purchased a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 97,542 shares of the company’s stock, valued at approximately $1,383,000.

A number of other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. acquired a new stake in Proficient Auto Logistics in the second quarter valued at approximately $20,687,000. Millennium Management LLC acquired a new stake in Proficient Auto Logistics in the 2nd quarter valued at $14,446,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Proficient Auto Logistics in the 2nd quarter worth $12,077,000. Hood River Capital Management LLC acquired a new position in Proficient Auto Logistics during the second quarter worth $5,600,000. Finally, AYAL Capital Advisors Ltd purchased a new position in Proficient Auto Logistics during the second quarter valued at $5,220,000.

Insider Buying and Selling

In other news, CEO Richard D. Odell acquired 54,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $9.20 per share, for a total transaction of $496,800.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Proficient Auto Logistics Trading Up 4.4 %

Shares of NASDAQ PAL opened at $10.23 on Tuesday. The firm has a 50-day simple moving average of $11.62. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics, Inc. has a 52 week low of $8.06 and a 52 week high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last released its quarterly earnings data on Friday, November 8th. The company reported $0.07 EPS 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 analyst estimates of $89.54 million. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. Analysts anticipate that Proficient Auto Logistics, Inc. will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on PAL. Stifel Nicolaus cut their target price on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a research note 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 research note on Tuesday, November 12th. Finally, Raymond James decreased their target price on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th.

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.