Sei Investments Co. Has $1.38 Million Stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Sei Investments Co. lessened its stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 10.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,401 shares of the company’s stock after selling 19,034 shares during the period. Sei Investments Co.’s holdings in Proficient Auto Logistics were worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Proficient Auto Logistics by 136.9% in the third quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after acquiring an additional 200,977 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Proficient Auto Logistics by 12.4% in the 4th quarter. American Century Companies Inc. now owns 1,453,428 shares of the company’s stock worth $11,729,000 after purchasing an additional 160,032 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Proficient Auto Logistics by 163.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 253,030 shares of the company’s stock valued at $2,042,000 after purchasing an additional 156,967 shares during the period. Lord Abbett & CO. LLC grew its position in Proficient Auto Logistics by 40.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company’s stock valued at $7,075,000 after purchasing an additional 143,697 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Proficient Auto Logistics by 61.1% during the 4th quarter. First Eagle Investment Management LLC now owns 357,748 shares of the company’s stock valued at $2,887,000 after purchasing an additional 135,720 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on PAL shares. Stifel Nicolaus raised their price objective on shares of Proficient Auto Logistics from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

Proficient Auto Logistics Price Performance

NASDAQ PAL opened at $7.36 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $9.82 and a 200 day simple moving average of $10.18. Proficient Auto Logistics, Inc. has a 12 month low of $7.13 and a 12 month high of $21.01.

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.