Dimensional Fund Advisors Cuts PAM Transportation Stake to 2.6%

TL;DR

**Big fund just dumped a chunk of PAM Transportation shares, watch out!**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership of PAM Transportation Services Inc. As of December 29, 2023, Dimensional Fund Advisors LP reported owning 598,630 shares of PAM Transportation Services Inc. common stock, representing 2.6% of the company's outstanding shares. This is a decrease from their previous filing, where they held 1,400,000 shares, or 6.1% of the company, signaling a significant reduction in their stake.

Why It Matters

This matters to investors because a major institutional investor like Dimensional Fund Advisors LP significantly reducing its stake could signal a loss of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — A significant reduction in ownership by a large institutional investor like Dimensional Fund Advisors LP can indicate potential concerns about the company's performance or outlook, posing a medium risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Dimensional Fund Advisors LP's significant reduction in their stake in PAM Transportation Services Inc. and consider if this signals underlying issues before making any investment decisions. It might be prudent to monitor the stock for further institutional selling or negative news.

Key Numbers

• 598,630 — Shares Beneficially Owned (This is the current number of shares of PAM Transportation Services Inc. held by Dimensional Fund Advisors LP as of December 29, 2023.)
• 2.6% — Percentage of Class (This represents the percentage of PAM Transportation Services Inc. common stock that Dimensional Fund Advisors LP beneficially owns, indicating a reduced stake.)
• 1,400,000 — Previous Shares Owned (This is the number of shares Dimensional Fund Advisors LP held in a prior filing, showing a significant reduction in their position.)
• 6.1% — Previous Percentage of Class (This was the previous percentage of PAM Transportation Services Inc. common stock held by Dimensional Fund Advisors LP, highlighting the extent of their divestment.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person who filed the SC 13G/A
• PAM Transportation Services Inc (company) — the issuer whose securities are being reported
• 598,630 (dollar_amount) — number of shares beneficially owned by Dimensional Fund Advisors LP as of December 29, 2023
• 2.6% (dollar_amount) — percentage of PAM Transportation Services Inc. common stock beneficially owned by Dimensional Fund Advisors LP
• December 29, 2023 (date) — date of the event which requires the filing of this statement
• Delaware (company) — place of organization for Dimensional Fund Advisors LP

Forward-Looking Statements

• PAM Transportation Services Inc. stock price may experience downward pressure. (PAM Transportation Services Inc.) — medium confidence, target: Next 3-6 months
• Other institutional investors might review their positions in PAM Transportation Services Inc. (Institutional Investors) — medium confidence, target: Next 1-3 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-003275.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 15 ) * PAM Transportation Services Inc (Name of Issuer) Common Stock (Title of Class of Securities) 693149106 (CUSIP Number) December 29, 2023 (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 (the "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.) CUSIP No. 693149106 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,326,909 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,351,428 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,351,428 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer PAM Transportation Services Inc (b) Address of Issuer's Principal Executive Offices 297 West Henri de Tonti Blvd, Tontitown, AR 72770 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 693149106 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (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 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,351,428 ** see Note 1 ** (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,326,909 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,351,428 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and ma

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View this SC 13G/A filing on SEC EDGAR