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Director Moroun Matthew T, a ten percent owner of PAMT CORP (NASDAQ:PAMT), executed a sale of 2,000,000 shares of common stock at a price of $10.745, totaling $21,490,000 on September 11, 2025. The transaction comes as the company’s stock trades at $12.46, down nearly 25% year-to-date. InvestingPro data reveals the company operates with a significant debt burden, though its liquid assets exceed short-term obligations.
According to a Form 4 filing with the Securities and Exchange Commission, on the same day, Moroun Matthew T acquired 2,000,000 shares of Common Stock at $10.745, for a total value of $21,490,000. The shares are held indirectly by the Lindsay S. Moroun Trust.
Following the transaction, Moroun Matthew T directly holds no shares individually, and indirectly holds 12,427,848 shares through the Lindsay S. Moroun Trust, 3,268,000 shares through the Moroun Grantor Trust, 306,048 shares through the 2020 Agnes Moroun Trust, and 4,558 shares by Son.
In other recent news, Parametric Sound reported an adjusted loss of $0.46 per share for the second quarter, which was significantly wider than the $0.22 per share loss estimated by analysts at Stephens. The disappointing earnings were attributed to ongoing demand pressures and unexpected downtime from automotive OEMs during the quarter. Despite the earnings miss, Stephens maintained an Equal Weight rating on the stock. The firm did, however, raise its price target for Parametric Sound to $13.00 from the previous $12.50. These developments highlight the company’s continued focus on cost management. Investors may find the updated price target noteworthy amid the recent financial performance.
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