Company shares are trading at $20.84 quite a bit higher than $18.70, the stock’s 50 day moving average and significantly above the 200 day moving average of $17.77. The 50 day moving average was up $2.14 whereas the 200 day average was up by +17.29%. P.A.M. Transportation Services, shares had a trading volume of 9,326 in the last trading session. Shares saw a steep decrease in trading volume of 61.45% under the normal average daily volume.
Short traders are more bearish on shares of the company lately as shown by the increase in short interest. The stock experienced a rise in short interest between August 15, 2017 and August 31, 2017 of 1.22%. Short interest increased 387 over that period. Days to cover decreased -1.0 to 2.0 and the percentage of shorted shares is 0.01% as of August 31.
Here are a few substantial investment firms who have updated their positions. Kernodle & Katon Asset Management Group, LLC reduced its stake by shedding 1,468 shares a decrease of 3.2% from 09/30/2016 to 03/31/2017. Kernodle & Katon Asset Management Group, LLC claims 44,004 shares valued at $717,000. The total value of its holdings decreased 21.2%. As of quarter end Ubs Group Ag had bought 1,102 shares growing its holdings by 1,281.4%. The value of the total investment in P.A.M. Transportation Services, increased from $1,000 to $23,000 a change of 2,200.0% for the reporting period.
Pacific Ridge Capital Partners, LLC grew its holdings by buying 30,780 shares an increase of 21.4% in the quarter. Pacific Ridge Capital Partners, LLC now holds 174,921 shares worth $3,315,000. The value of the position overall is up by 41.2%. As of the end of the quarter Tower Research Capital LLC (trc) had acquired a total of 303 shares growing its position 101.0%. The value of the investment in PTSI went from $6,000 to $11,000 a change of $5,000 since the last quarter.
The P/E ratio is currently 16.55 and market cap is 132.17M. As of the latest earnings report the EPS was $1.26 and is expected to be $0.85 for the current year with 6,342,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.16 and the next full year EPS is projected to be $1.15.
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..