Royce & Associates is a well-known small-cap value manager; their initiation of a 5%+ position signals conviction in PAL's valuation at current levels. Monitor future 13F filings for cost-basis context and any subsequent 13G amendments for position changes.
Price Chart
Executive Summary
Royce & Associates LP, a small-cap value investment manager and indirect subsidiary of Franklin Resources, disclosed a new 5.06% passive stake in Proficient Auto Logistics, Inc as of September 30, 2026. This is the first SC 13G filing by Royce for PAL, indicating a new position of 1,419,584 common shares. The filing is a routine passive disclosure with no activist intent.
Key Financial Metrics
Key Facts
- Royce & Associates LP filed a new Schedule 13G disclosing beneficial ownership of 1,419,584 shares of Proficient Auto Logistics common stock.
- The stake represents 5.06% of shares outstanding as of September 30, 2026.
- Royce & Associates LP is an investment adviser (Item 3 classification: IA) and an indirect majority-owned subsidiary of Franklin Resources, Inc.
- The filing certifies the securities were acquired in the ordinary course of business and not with the purpose of changing or influencing control of the issuer.
- This is a new position — no prior Royce & Associates SC 13G or SC 13D filings for PAL appear in the cross-filing context.
Financial Impact
New passive stake of 5.06% of outstanding common stock; no dollar value disclosed in the filing.
Risk Factors
- Passive 13G filers can convert to activist 13D status if circumstances change, though Royce has no history of activism.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000906304-26-000193 |
| Document: 0000906304-26-000193-index.html | 0000906304-26-000193 |
| Document: 0000906304-26-000193.txt | 0000906304-26-000193 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K/A | $2.55 | awaiting T+5 | — | $2.44 (−4.31%) |
Oct 23, 2026 4d ago | SC 13G | $2.71 | awaiting T+5 | — | $2.44 (−9.96%) |
Oct 7, 2026 20d ago | SC 13G/A | $3.42 $3.34 | ▼ −2.34% | ▼ −1.36% | $2.44 (−28.65%) |
Oct 5, 2026 22d ago | 8-K | $3.42 $3.51 | ▲ +2.63% | ▲ +2.77% | $2.44 (−28.65%) |
Oct 5, 2026 22d ago | Press Release | $3.42 $3.51 | ▲ +2.63% | ▲ +2.77% | $2.44 (−28.65%) |
Aug 21, 2026 9w ago | Insider Cluster | $5.30 $5.04 | ▼ −4.91% | ▼ −5.37% | $2.44 (−53.96%) |
Aug 14, 2026 10w ago | Insider Cluster | $5.89 $5.30 | ▼ −10.02% | ▼ −8.83% | $2.44 (−58.57%) |
Aug 14, 2026 10w ago | 8-K | $5.50 $5.33 | ▼ −3.09% | ▼ −1.72% | $2.44 (−55.64%) |
Aug 10, 2026 11w ago | 8-K | $5.10 $5.62 | ▲ +10.20% | ▲ +10.60% | $2.44 (−52.16%) |
Aug 10, 2026 11w ago | Press Release | $5.10 $5.62 | ▲ +10.20% | ▲ +10.60% | $2.44 (−52.16%) |
US Market Status
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