Emerald Mutual Fund Advisers Trust Takes Position in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Emerald Mutual Fund Advisers Trust purchased a new position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 752,016 shares of the company’s stock, valued at approximately $12,077,000.

Insider Activity

In other news, Director James B. Gattoni acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $379,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Proficient Auto Logistics Trading Down 0.6 %

Shares of NASDAQ PAL opened at $17.90 on Friday. The company’s 50-day moving average is $18.55. Proficient Auto Logistics, Inc. has a 52-week low of $14.50 and a 52-week high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The company had revenue of $106.61 million for the quarter, compared to the consensus estimate of $101.69 million. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Proficient Auto Logistics, Inc. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James raised their price objective on shares of Proficient Auto Logistics from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Barrington Research started coverage on shares of Proficient Auto Logistics in a report on Wednesday, July 17th. They issued an “outperform” rating and a $22.00 price objective for the company. Stifel Nicolaus assumed coverage on Proficient Auto Logistics in a research report on Monday, June 3rd. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, William Blair began coverage on Proficient Auto Logistics in a report on Monday, June 3rd. They issued an “outperform” rating for the company.

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.