Horrell Capital Management buys $663,120 stake in P.A.M. Transportation Services (PTSI)

P.A.M. Transportation Services (PTSI) : Horrell Capital Management scooped up 218 additional shares in P.A.M. Transportation Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,000 shares of P.A.M. Transportation Services which is valued at $663,120.P.A.M. Transportation Services makes up approximately 0.41% of Horrell Capital Management’s portfolio.

P.A.M. Transportation Services opened for trading at $24.8 and hit $24.99 on the upside on Wednesday, eventually ending the session at $24.77, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 22,999 shares. Company has a market cap of $176 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in PTSI during the most recent quarter. The investment firm sold 15,100 shares of PTSI which is valued $370,856.Acadian Asset Management reduced its stake in PTSI by selling 11,269 shares or 30.66% in the most recent quarter. The Hedge Fund company now holds 25,483 shares of PTSI which is valued at $665,616.

Many Wall Street Analysts have commented on P.A.M. Transportation Services. Stifel Initiated P.A.M. Transportation Services on Mar 23, 2016 to “Buy”, Price Target of the shares are set at $35.

P.A.M. Transportation Services Inc. (P.A.M.) is a holding company. The Company conducts operations through the its wholly owned 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. 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 Company’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.

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