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

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 34,700 shares, a decline of 18.5% from the October 15th total of 42,600 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of P.A.M. Transportation Services

A number of hedge funds have recently bought and sold shares of PTSI. BNP Paribas Financial Markets increased its stake in shares of P.A.M. Transportation Services by 38.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after purchasing an additional 837 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of P.A.M. Transportation Services in the first quarter worth about $307,000. Empowered Funds LLC lifted its position in shares of P.A.M. Transportation Services by 15.8% during the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after buying an additional 7,442 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of P.A.M. Transportation Services by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after buying an additional 701 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of P.A.M. Transportation Services by 0.8% during 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 during the period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Analysts Set New Price Targets

PTSI has been the topic of several analyst reports. Stephens lowered their price objective on P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com downgraded P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

P.A.M. Transportation Services Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.80 and a quick ratio of 1.78. The business has a 50 day moving average of $17.22 and a 200 day moving average of $17.38. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $182.58 million during the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, sell-side analysts anticipate that P.A.M. Transportation Services will post 0.09 EPS for the current year.

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.