De Lisle Partners LLP Buys 107,000 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL)

De Lisle Partners LLP boosted its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 557,000 shares of the company's stock after purchasing an additional 107,000 shares during the quarter. Proficient Auto Logistics comprises approximately 1.3% of De Lisle Partners LLP's investment portfolio, making the stock its 19th largest holding. De Lisle Partners LLP owned about 2.15% of Proficient Auto Logistics worth $7,906,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC acquired a new stake in Proficient Auto Logistics in the 2nd quarter valued at $1,867,000. AYAL Capital Advisors Ltd purchased a new position in Proficient Auto Logistics during the 2nd quarter worth $5,220,000. Wedge Capital Management L L P NC purchased a new position in Proficient Auto Logistics during the 3rd quarter worth $1,691,000. Emerald Advisers LLC purchased a new position in Proficient Auto Logistics during the 2nd quarter worth $1,172,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Proficient Auto Logistics during the 3rd quarter worth $1,362,000.

Insider Activity at Proficient Auto Logistics

In other news, CEO Richard D. Odell acquired 54,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $9.20 per share, for a total transaction of $496,800.00. Following the purchase, the chief executive officer now owns 753,802 shares of the company's stock, valued at approximately $6,934,978.40. The trade was a 7.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James cut their price objective 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. Stifel Nicolaus cut their price objective on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Finally, Barrington Research cut their price objective on shares of Proficient Auto Logistics from $17.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th.

Proficient Auto Logistics Price Performance

Shares of NASDAQ:PAL traded down $0.05 during midday trading on Thursday, reaching $10.05. The company had a trading volume of 113,827 shares, compared to its average volume of 265,449. The stock has a 50 day simple moving average of $11.34. 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, Inc. has a 52-week low of $8.06 and a 52-week high of $21.01.

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

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.