SC 13G/A
1
ptsi-13g_20201231.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
P.A.M. TRANSPORTATION SERVICES, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
693149106
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(CUSIP Number)
December 31, 2020
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP NO. 693149106 13G Page 2 of 8 Pages
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(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
Renaissance Technologies LLC 26-0385758
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [_]
(b) [_]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
NUMBER OF SHARES 355,623
BENEFICIALLY OWNED _____________________________
BY EACH REPORTING
PERSON WITH: (6) SHARED VOTING POWER
0
_____________________________
(7) SOLE DISPOSITIVE POWER
358,523
_____________________________
(8) SHARED DISPOSITIVE POWER
0
______________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,523
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.25 %
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
Page 2 of 8 pages
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Page 3 of 8 pages
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CUSIP NO. 693149106 13G Page 3 of 8 Pages
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(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION 13-3127734
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
NUMBER OF SHARES 355,623
BENEFICIALLY OWNED _____________________________
BY EACH REPORTING
PERSON WITH: (6) SHARED VOTING POWER
0
_____________________________
(7) SOLE DISPOSITIVE POWER
358,523
_____________________________
(8) SHARED DISPOSITIVE POWER
0
_____________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,523
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.25 %
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
Page 3 of 8 pages
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CUSIP NO. 693149106 13G Page 4 of 8 Pages
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Item 1.
(a) Name of Issuer
P.A.M. TRANSPORTATION SERVICES, INC.
(b) Address of Issuer's Principal Executive Offices.
297 West Henri De Tonti, Tontitown, Arkansas 72770
Item 2.
(a) Name of Person Filing:
This Schedule 13G is being filed by Renaissance Technologies LLC
("RTC") and Renaissance Technologies Holdings Corporation ("RTHC").
(b) Address of Principal Business Office or, if none, Residence.
The principal business address of the reporting persons is:
800 Third Avenue
New York, New York 10022
(c) Citizenship.
RTC is a Delaware limited liability company, and
RTHC is a Delaware corporation.
(d) Title of Class of Securities.
Common Stock, $.01 par value
(e) CUSIP Number.
693149106
Page 4 of 8 pages
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Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13-d-2(b)
or (c),check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act.
(b) [_] Bank as defined in section 3(a)(6) of the Act.
(c) [_] Insurance Company as defined in section 3(a)(19) of the Act.
(d) [_] Investment Company registered under section 8 of the Investment
Company Act.
(e) [x] Investment Adviser in accordance with Sec.240.13d-1(b)(1)(ii)(E).
(f) [_] Employee Benefit Plan or Endowment Fund in accordance with
Sec. 240.13d-1(b)(1)(ii)(F).
(g) [_] Parent holding company, in accordance with Sec.240.13d-1(b)(1)(ii)(G).
(h) [_] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [_] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940.
(j) [_] Group, in accordance with Sec.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned.
RTC: 358,523 shares
RTHC: 358,523 shares, comprising the shares beneficially owned
by RTHC, because of RTHC's majority ownership of RTC.
(b) Percent of Class.
RTC: 6.25 %
RTHC: 6.25 %
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
RTC: 355,623
RTHC: 355,623
(ii) Shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
RTC: 358,523
RTHC: 358,523
(iv) Shared power to dispose or to direct the disposition of:
RTC: 0
RTHC: 0
Page 5 of 8 pages
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities,
check the following: [_]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Certain funds and accounts managed by RTC have the right to receive
dividends and proceeds from the sale of the securities which are
the subject of this report.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of a Group.
Not applicable
Page 6 of 8 pages
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Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: February 11, 2021
Renaissance Technologies LLC
By: /s/ James S. Rowen
Chief Operating Officer
Renaissance Technologies Holdings Corporation
By: /s/ James S. Rowen
Vice President
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).
Page 7 of 8 Pages
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EXHIBIT 99.1
AGREEMENT REGARDING JOINT FILING
UNDER RULE 13D-1(K) OF THE EXCHANGE ACT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, each of the undersigned agrees to the filing on behalf of each
of a Statement on Schedule 13G, and all amendments thereto, with respect to
the shares of Common Stock, $.01 par value of
P.A.M. TRANSPORTATION SERVICES, INC.
Date: February 11, 2021
Renaissance Technologies LLC
By: /s/ James S. Rowen
Chief Operating Officer
Renaissance Technologies Holdings Corporation
By: /s/ James S. Rowen
Vice President
Page 8 of 8 Pages
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) (the "Company") today announced that, effective November 7, 2024, the Company has completed its redomestication to the State of Nevada by converting from a corporation organized under the laws of the State of Delaware to a corporation organized under the laws of the State of Nevada under the new corporate name PAMT CORP (the "Redomestication").
Upon the Redomestication, each outstanding share of common stock of the Company as a Delaware corporation was automatically converted into one outstanding share of common stock of the Nevada corporation. The Company's common stock will continue to be traded on The Nasdaq Stock Market under the tradi
Third Quarter 2024 Summary Results
Total revenues of $182.6 million, down 9.4% YoY
Operating income of $2.3 million
Operating ratio of 98.7%
Diluted earnings per share of $0.11
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) ("we" or the "Company") today reported consolidated net income of $2.4 million, or diluted and basic earnings per share of $0.11, for the quarter ended September 30, 2024. These results compare to consolidated net income of $6.1 million, or diluted and basic earnings per share of $0.28 for the quarter ended September 30, 2023.
Operating revenues decreased 9.4% to $182.6 million for the third quarter of 2024 compared to $201.5 million for the third quarter
Second Quarter 2024 Summary Results
Total revenues of $182.9 million, down 11.8% YoY
Operating loss of $0.7 million
Operating ratio of 100.4%
Diluted loss per share of $0.13
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) ("we" or the "Company") today reported consolidated net loss of $2.9 million, or diluted and basic loss per share of $0.13, for the quarter ended June 30, 2024. These results compare to consolidated net income of $9.3 million, or diluted and basic earnings per share of $0.42 for the quarter ended June 30, 2023.
Operating revenues decreased 11.8% to $182.9 million for the second quarter of 2024 compared to $207.4 million for the second quarter of 2023.
First Quarter 2022 HighlightsTotal revenues of $219.4 million, up 47.4% YoYOperating income of $31.3 million, up 129.6% YoY; non-GAAP adjusted operating income of $34.7 million, up 154.0% YoYOperating ratio of 85.7%, an improvement of 510 bps YoY; non-GAAP adjusted operating ratio of 82.3%, an improvement of 760 bps YoYDiluted EPS of $1.06, up 103.8% YoY; non-GAAP adjusted diluted EPS of $1.18, up 126.9% YoYTONTITOWN, AR / ACCESSWIRE / April 19, 2022 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) ("the Company") today reported net income of $23.9 million, or diluted earnings per share of $1.06 ($1.07 basic), for the quarter ended March 31, 2022. These results compare to net income of $
TONTITOWN, AR / ACCESSWIRE / March 8, 2022 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today announced that the Company's Board of Directors approved a resolution to retire the Company's current treasury share holdings and declared a 2-for-1 forward stock split of its common stock. The Company currently holds approximately 12.3 million treasury shares that will be retired immediately. The stock split will be in the form of a 100% stock dividend and is payable on March 29, 2022, to stockholders of record on March 18, 2022. Under the terms of the stock split, the Company's stockholders will receive a dividend of one share for every share held on the record date. The dividend will be p
Fourth Quarter 2021 HighlightsTotal revenues of $213.9 million, up 49.9% YoYOperating income of $34.7 million, up 112.0% YoY; non-GAAP adjusted operating income of $40.2 million, up 145.6% YoYOperating ratio of 83.8%, an improvement of 470 bps YoY; non-GAAP adjusted operating ratio of 79.3%, an improvement of 830 bps YoYDiluted EPS of $2.48, up 105.0% YoY; non-GAAP adjusted diluted EPS of $2.85, up 135.5% YoYTONTITOWN, AR / ACCESSWIRE / January 19, 2022 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) ("the Company") today reported net income of $27.9 million, or diluted earnings per share of $2.48 ($2.50 basic), for the quarter ended December 31, 2021, and net income of $76.5 million, o
