Minerva Advisors LLC Boosts Stake in Patriot Transportation Holding Inc (NASDAQ:PATI)

Minerva Advisors LLC raised its holdings in shares of Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,325 shares of the transportation company’s stock after buying an additional 1,426 shares during the quarter. Patriot Transportation comprises about 2.3% of Minerva Advisors LLC’s holdings, making the stock its 13th largest position. Minerva Advisors LLC owned 7.51% of Patriot Transportation worth $4,273,000 at the end of the most recent quarter.

Separately, Dimensional Fund Advisors LP grew its position in Patriot Transportation by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 116,568 shares of the transportation company’s stock worth $2,272,000 after buying an additional 1,243 shares in the last quarter. 51.14% of the stock is owned by institutional investors.

Separately, ValuEngine upgraded Patriot Transportation from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd.



Shares of PATI remained flat at $$17.50 during midday trading on Wednesday. The stock had a trading volume of 1 shares, compared to its average volume of 2,548. The company’s 50-day moving average is $17.41. Patriot Transportation Holding Inc has a 1 year low of $16.80 and a 1 year high of $21.44. The company has a market cap of $58.58 million, a price-to-earnings ratio of 48.61 and a beta of -0.12.

Patriot Transportation (NASDAQ:PATI) last issued its earnings results on Wednesday, July 31st. The transportation company reported $0.12 earnings per share for the quarter. The company had revenue of $27.53 million during the quarter. Patriot Transportation had a return on equity of 2.17% and a net margin of 1.97%.

About Patriot Transportation

Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.

Recommended Story: How are the companies in the S&P 500 selected?

Want to see what other hedge funds are holding PATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patriot Transportation Holding Inc (NASDAQ:PATI).

Institutional Ownership by Quarter for Patriot Transportation (NASDAQ:PATI)

Receive News & Ratings for Patriot Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patriot Transportation and related companies with MarketBeat.com's FREE daily email newsletter.