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.
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.
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