Shares are trading at $29.27 a great deal higher than the 50 day moving average which is $25.02 and which is quite a bit above the 200 day moving average of $19.80. The 50 day moving average was up $4.25 or +16.98% and the 200 day average moved up $9.47. Trading was light with 15K shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 24.92% under the normal average daily volume.
Short traders are feeling a little more bullish on shares of P.A.M. Transportation Services, of late as shown by the decrease in short interest. The stock recorded a fall in short interest of -14.76% as of October 13, 2017 from the last reporting period. Short shares fell 3,021 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Kernodle & Katon Asset Management Group, LLC had sold a total of 1,468 shares trimming its stake by 3.2%. The value of the investment in P.A.M. Transportation Services, decreased from $910,000 to $717,000 decreasing 21.2% for the reporting period. As of quarter end Acadian Asset Management LLC had disposed of 6,339 shares trimming its position 80.7%. The value of the investment in PTSI went from $128,000 to $36,000 a change of 71.9% quarter to quarter.
As of the end of the quarter Horrell Capital Management, Inc. had acquired 129 shares growing its holdings by 0.5%. The value in dollars went from $529,000 to $672,000 a change of $143,000 quarter over quarter. As of quarter end Nationwide Fund Advisors had sold a total of 1,500 shares trimming its position 9.9%. The value of the company’s investment in P.A.M. Transportation Services, increased from $287,000 to $327,000 increasing 13.9% since the last quarter.
The most current P/E ratio is 23.25 and market cap is 185.63M. In the latest earnings report the EPS was $1.26 and is projected to be $0.85 for the current year with 6,342,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.21 and the next full year EPS is projected to be $1.20.
P.A.M. Transportation Services, Inc. (P.A.M.), incorporated in June 27, 1986, is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. The Company operates in the motor carrier segment. The Company operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces. It also provides transportation services in Mexico under agreements with Mexican carriers. The Business’s freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The Company conducts operations through its subsidiaries: P.A.M. Transport, Inc.; T.T.X., LLC; P.A.M. Cartage Carriers, LLC; Overdrive Leasing, LLC; P.A.M. Logistics Services, Inc.; Choctaw Express, LLC; Choctaw Brokerage, Inc.; Transcend Logistics, Inc.; Decker Transport Co., LLC; East Coast Transport and Logistics, LLC, S & L Logistics, Inc., and P.A.M. International, Inc..