First Eagle Investment Management LLC Boosts Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

First Eagle Investment Management LLC raised its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 357,748 shares of the company's stock after acquiring an additional 135,720 shares during the quarter. First Eagle Investment Management LLC owned 1.32% of Proficient Auto Logistics worth $2,887,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC acquired a new position in shares of Proficient Auto Logistics during the 3rd quarter worth $129,000. Verition Fund Management LLC acquired a new position in shares of Proficient Auto Logistics during the 3rd quarter worth $152,000. Victory Capital Management Inc. acquired a new position in shares of Proficient Auto Logistics during the 4th quarter worth $90,000. Nicholas Hoffman & Company LLC. raised its stake in shares of Proficient Auto Logistics by 20.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company's stock worth $121,000 after buying an additional 2,500 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock worth $137,000 after buying an additional 1,238 shares during the last quarter.

Proficient Auto Logistics Stock Up 5.6 %

PAL stock traded up $0.55 during trading on Thursday, hitting $10.40. The stock had a trading volume of 495,875 shares, compared to its average volume of 270,650. The company's 50 day moving average price is $10.07 and its two-hundred day moving average price is $10.96. Proficient Auto Logistics, Inc. has a 1-year low of $7.24 and a 1-year high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and set a $15.00 price target on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th. Stifel Nicolaus cut their price target on Proficient Auto Logistics from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd.

Proficient Auto Logistics 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.