P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Short Interest Update

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 47,300 shares, a growth of 26.1% from the July 15th total of 37,500 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is presently 2.0 days.

Insider Buying and Selling at P.A.M. Transportation Services

In other P.A.M. Transportation Services news, Director Matthew T. Moroun purchased 4,073,700 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $18.18 per share, for a total transaction of $74,059,866.00. Following the purchase, the director now owns 10,427,848 shares in the company, valued at $189,578,276.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 68.55% of the company’s stock.

Institutional Investors Weigh In On P.A.M. Transportation Services

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in P.A.M. Transportation Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock valued at $5,546,000 after acquiring an additional 2,808 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of P.A.M. Transportation Services by 0.5% in the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after purchasing an additional 588 shares during the period. Empowered Funds LLC raised its stake in P.A.M. Transportation Services by 15.8% in the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after purchasing an additional 7,442 shares in the last quarter. Bank of New York Mellon Corp lifted its position in P.A.M. Transportation Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock worth $944,000 after purchasing an additional 701 shares during the period. Finally, Pinnacle Holdings LLC lifted its position in P.A.M. Transportation Services by 8.3% during the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock worth $907,000 after purchasing an additional 3,361 shares during the period. Institutional investors and hedge funds own 22.06% of the company’s stock.

P.A.M. Transportation Services Stock Performance

Shares of PTSI stock traded up $0.47 on Thursday, hitting $16.80. The company’s stock had a trading volume of 54,659 shares, compared to its average volume of 22,082. P.A.M. Transportation Services has a fifty-two week low of $13.51 and a fifty-two week high of $24.00. The company has a market capitalization of $365.48 million, a PE ratio of 27.95 and a beta of 1.13. The stock’s 50 day moving average is $17.65 and its 200-day moving average is $17.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.05.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Wednesday, July 24th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.21). P.A.M. Transportation Services had a return on equity of 0.40% and a net margin of 0.17%. The business had revenue of $182.95 million for the quarter. Equities research analysts expect that P.A.M. Transportation Services will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PTSI shares. StockNews.com upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Stephens dropped their price target on P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, April 19th.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.