Diamond Hill Capital Management Inc. Purchases 156,967 Shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Diamond Hill Capital Management Inc. lifted its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 163.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 253,030 shares of the company’s stock after acquiring an additional 156,967 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Proficient Auto Logistics were worth $2,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PAL. Victory Capital Management Inc. bought a new stake in Proficient Auto Logistics during the 4th quarter valued at about $90,000. Bank of New York Mellon Corp lifted its holdings in Proficient Auto Logistics by 10.8% during the 4th quarter. Bank of New York Mellon Corp now owns 33,684 shares of the company’s stock valued at $272,000 after buying an additional 3,287 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in Proficient Auto Logistics by 20.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock valued at $121,000 after buying an additional 2,500 shares in the last quarter. Rhumbline Advisers lifted its holdings in Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after buying an additional 1,238 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Proficient Auto Logistics by 159,197.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock valued at $791,000 after buying an additional 55,719 shares in the last quarter.

Proficient Auto Logistics Trading Up 0.7 %

NASDAQ PAL opened at $9.82 on Friday. 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 company’s 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $11.20. Proficient Auto Logistics, Inc. has a one year low of $7.24 and a one year high of $21.01.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PAL shares. Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

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.