De Lisle Partners LLP Has $7.91 Million Stock Holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

De Lisle Partners LLP lifted its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 23.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557,000 shares of the company’s stock after purchasing an additional 107,000 shares during the quarter. Proficient Auto Logistics makes up about 1.3% of De Lisle Partners LLP’s holdings, making the stock its 19th biggest position. De Lisle Partners LLP owned approximately 2.15% of Proficient Auto Logistics worth $7,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Proficient Auto Logistics during the third quarter valued at approximately $104,000. MetLife Investment Management LLC acquired a new position in Proficient Auto Logistics in the 3rd quarter valued at $129,000. XTX Topco Ltd bought a new position in Proficient Auto Logistics in the 2nd quarter worth $176,000. Nicholas Hoffman & Company LLC. acquired a new position in Proficient Auto Logistics during the 3rd quarter worth $177,000. Finally, Federated Hermes Inc. bought a new stake in Proficient Auto Logistics during the second quarter valued at about $257,000.

Insider Activity at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell purchased 54,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $9.20 per share, with a total value of $496,800.00. Following the acquisition, the chief executive officer now directly owns 753,802 shares of the company’s stock, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PAL shares. 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 report on Tuesday, November 12th. Stifel Nicolaus decreased their price target on shares of Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Raymond James cut their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, October 14th.

Proficient Auto Logistics Stock Performance

Shares of PAL stock opened at $10.05 on Thursday. 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 has a fifty day simple moving average of $11.34. 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 issued its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) 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 analyst estimates of $89.54 million. Proficient Auto Logistics’s revenue was down 12.5% on a year-over-year basis. Sell-side analysts expect that Proficient Auto Logistics, Inc. will post 0.4 earnings per share for the current year.

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.