Diamond Hill Capital Management Inc. lifted its stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 163.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,030 shares of the company's stock after buying an additional 156,967 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.94% of Proficient Auto Logistics worth $2,042,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Proficient Auto Logistics by 7.9% in the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock valued at $137,000 after purchasing an additional 1,238 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in Proficient Auto Logistics by 20.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company's stock valued at $121,000 after purchasing an additional 2,500 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Proficient Auto Logistics by 10.8% in the fourth quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company's stock valued at $272,000 after purchasing an additional 3,287 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Proficient Auto Logistics in the third quarter valued at about $129,000. Finally, Verition Fund Management LLC bought a new position in Proficient Auto Logistics during the 3rd quarter worth approximately $152,000.
Proficient Auto Logistics Trading Up 2.1 %
Shares of PAL traded up $0.20 during midday trading on Wednesday, reaching $9.85. The stock had a trading volume of 122,670 shares, compared to its average volume of 269,605. Proficient Auto Logistics, Inc. has a 52 week low of $7.24 and a 52 week high of $21.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average price is $10.06 and its 200-day moving average price is $10.97.
Analyst Ratings Changes
A number of research analysts have commented on PAL shares. Barrington Research reaffirmed an "outperform" rating and set a $15.00 target price on shares of Proficient Auto Logistics in a report on Wednesday, February 12th. Stifel Nicolaus reduced their target price on Proficient Auto Logistics from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd.
Read Our Latest Research Report on PAL
About Proficient Auto Logistics
(
Free Report)
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.
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