Dimensional Fund Advisors LP Purchases 351,385 Shares of Pangaea Logistics Solutions Ltd. $PANL

Dimensional Fund Advisors LP lifted its holdings in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) by 13.9% in the first quarter, HoldingsChannel reports. The firm owned 2,884,470 shares of the shipping company’s stock after purchasing an additional 351,385 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Pangaea Logistics Solutions were worth $20,421,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning lifted its position in Pangaea Logistics Solutions by 94.2% during the second quarter. Creative Planning now owns 23,094 shares of the shipping company’s stock valued at $109,000 after purchasing an additional 11,204 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pangaea Logistics Solutions by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,342 shares of the shipping company’s stock worth $102,000 after buying an additional 3,344 shares during the last quarter. Jain Global LLC purchased a new stake in shares of Pangaea Logistics Solutions during the 4th quarter valued at about $89,000. Kemnay Advisory Services Inc. bought a new position in shares of Pangaea Logistics Solutions in the 4th quarter valued at about $53,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Pangaea Logistics Solutions by 89.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,050 shares of the shipping company’s stock valued at $31,000 after purchasing an additional 2,864 shares during the last quarter. Institutional investors own 60.23% of the company’s stock.

Pangaea Logistics Solutions Stock Performance

PANL stock opened at $7.44 on Friday. Pangaea Logistics Solutions Ltd. has a twelve month low of $4.54 and a twelve month high of $9.39. The business’s fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $7.70. The firm has a market cap of $486.72 million, a price-to-earnings ratio of 13.53 and a beta of 0.79. The company has a quick ratio of 1.37, a current ratio of 1.63 and a debt-to-equity ratio of 0.64.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its quarterly earnings results on Monday, May 11th. The shipping company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Pangaea Logistics Solutions had a net margin of 5.10% and a return on equity of 5.71%. The business had revenue of $170.58 million during the quarter, compared to analyst estimates of $165.78 million. Analysts predict that Pangaea Logistics Solutions Ltd. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Pangaea Logistics Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Pangaea Logistics Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pangaea Logistics Solutions presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.