John D. Baker II Buys 1,400 Shares of Patriot Transportation Holding Inc (NASDAQ:PATI) Stock

Patriot Transportation Holding Inc (NASDAQ:PATI) major shareholder John D. Baker II purchased 1,400 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $9.79 per share, with a total value of $13,706.00. Following the purchase, the insider now owns 4,000 shares in the company, valued at $39,160. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

PATI stock opened at $10.01 on Thursday. Patriot Transportation Holding Inc has a one year low of $8.31 and a one year high of $21.26. The stock has a market cap of $33.71 million, a PE ratio of 27.94 and a beta of -0.09. The firm has a 50 day simple moving average of $11.66 and a two-hundred day simple moving average of $16.14.

Patriot Transportation (NASDAQ:PATI) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported ($0.14) EPS for the quarter. Patriot Transportation had a return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $24.81 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the business. Willis Investment Counsel grew its stake in Patriot Transportation by 10.0% in the 3rd quarter. Willis Investment Counsel now owns 147,653 shares of the transportation company’s stock worth $2,643,000 after buying an additional 13,482 shares in the last quarter. Estabrook Capital Management boosted its stake in shares of Patriot Transportation by 9.9% in the 4th quarter. Estabrook Capital Management now owns 103,622 shares of the transportation company’s stock valued at $2,019,000 after purchasing an additional 9,337 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Patriot Transportation by 134.4% in the 4th quarter. Bank of America Corp DE now owns 1,629 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 934 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Patriot Transportation by 37.5% in the 4th quarter. Raymond James & Associates now owns 15,853 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 4,325 shares in the last quarter. 47.13% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Patriot Transportation from a “hold” rating to a “buy” rating in a research note on Tuesday, March 17th.

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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Insider Buying and Selling by Quarter for Patriot Transportation (NASDAQ:PATI)

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