StockNews.com Lowers Pangaea Logistics Solutions (NASDAQ:PANL) to Hold

StockNews.com cut shares of Pangaea Logistics Solutions (NASDAQ:PANL) from a buy rating to a hold rating in a report issued on Friday.

Separately, Alliance Global Partners downgraded shares of Pangaea Logistics Solutions from a buy rating to a neutral rating and set a $8.75 target price for the company. in a research report on Monday, February 5th.

Pangaea Logistics Solutions Stock Up 3.0 %

Shares of NASDAQ:PANL opened at $7.21 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 1.82. The company has a market cap of $336.85 million, a PE ratio of 12.22 and a beta of 0.85. Pangaea Logistics Solutions has a 52 week low of $5.28 and a 52 week high of $9.52. The firm has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $7.46.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings results on Wednesday, March 13th. The shipping company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.28). The firm had revenue of $131.88 million during the quarter, compared to analysts’ expectations of $152.31 million. Pangaea Logistics Solutions had a net margin of 5.27% and a return on equity of 8.54%. During the same quarter last year, the company posted $0.32 EPS. As a group, research analysts expect that Pangaea Logistics Solutions will post 0.87 earnings per share for the current year.

Pangaea Logistics Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a yield of 5.55%. Pangaea Logistics Solutions’s payout ratio is 67.80%.

Institutional Investors Weigh In On Pangaea Logistics Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Pangaea Logistics Solutions by 245.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the shipping company’s stock worth $59,000 after buying an additional 5,077 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Pangaea Logistics Solutions during the 3rd quarter valued at $357,000. SG Americas Securities LLC raised its holdings in shares of Pangaea Logistics Solutions by 39.2% during the 3rd quarter. SG Americas Securities LLC now owns 50,369 shares of the shipping company’s stock valued at $296,000 after purchasing an additional 14,194 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Pangaea Logistics Solutions by 52.6% during the 3rd quarter. WealthTrust Axiom LLC now owns 24,656 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Pangaea Logistics Solutions during the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 60.23% of the company’s stock.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.