First Trust Advisors LP Invests $247,000 in P.A.M. Transpor…

First Trust Advisors LP Invests $247,000 in P.A.M. Transpor…


First Trust Advisors LP purchased a new position in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,986 shares of the transportation company’s stock, valued at approximately $247,000. First Trust Advisors LP owned approximately 0.07% of P.A.M. Transportation Services at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. NJ State Employees Deferred Compensation Plan increased its position in shares of P.A.M. Transportation Services by 11.1% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the transportation company’s stock worth $620,000 after purchasing an additional 1,000 shares in the last quarter. Bank of America Corp DE increased its position in shares of P.A.M. Transportation Services by 353.6% during the fourth quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock worth $101,000 after purchasing an additional 1,998 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of P.A.M. Transportation Services during the first quarter worth $127,000. Dimensional Fund Advisors LP increased its position in shares of P.A.M. Transportation Services by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 389,326 shares of the transportation company’s stock worth $15,343,000 after purchasing an additional 11,495 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of P.A.M. Transportation Services by 16.7% during the first quarter. Pacific Ridge Capital Partners LLC now owns 131,867 shares of the transportation company’s stock worth $6,454,000 after purchasing an additional 18,850 shares in the last quarter. 26.20% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ PTSI opened at $57.14 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.03 and a quick ratio of 1.02. The stock’s fifty day moving average price is $53.07 and its 200 day moving average price is $53.49. P.A.M. Transportation Services, Inc. has a 1 year low of $34.31 and a 1 year high of $70.00. The company has a market cap of $328.96 million, a price-to-earnings ratio of 12.39 and a beta of 1.57.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Monday, July 15th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.31. P.A.M. Transportation Services had a return on equity of 24.54% and a net margin of 5.97%. The firm had revenue of $133.00 million for the quarter, compared to the consensus estimate of $138.10 million. Research analysts expect that P.A.M. Transportation Services, Inc. will post 5.3 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. BidaskClub raised P.A.M. Transportation Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 28th. ValuEngine downgraded P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th.

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 is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.

Further Reading: Put Option Volume

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Institutional Ownership by Quarter for P.A.M. Transportation Services (NASDAQ:PTSI)

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