On November 14, 2024, Richard Odell, the CEO of Proficient Auto Logistics Inc (PAL, Financial), purchased 54,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 753,802 shares in the company.
Proficient Auto Logistics Inc specializes in the logistics and transportation of automotive products. The company's services are crucial for the automotive industry, ensuring timely and efficient delivery of automotive parts and vehicles.
The shares were bought at a price of $9.2 each, valuing the transaction at approximately $496,800. This purchase reflects a significant investment by the insider in the company. The current market cap of Proficient Auto Logistics Inc stands at $257.864 million.
Over the past year, Richard Odell has been actively increasing his stake in the company, with a total of 54,000 shares purchased and no shares sold. This trend is consistent with the overall insider activity at Proficient Auto Logistics Inc, which has seen 5 insider buys and no sells over the same period.
The company's stock valuation metrics, such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are accessible for further details on the company's financial health and valuation.
Insider buying can be an indicator of an insider’s confidence in the company's future performance. The following insider trend image provides a visual representation of the recent insider transactions at Proficient Auto Logistics Inc:
For more detailed information on Richard Odell's trading activities and the performance of Proficient Auto Logistics Inc, interested parties can refer to the GF Value and other financial metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
