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

StockNews.com downgraded shares of Pangaea Logistics Solutions (NASDAQ:PANL) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

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

Pangaea Logistics Solutions Stock Performance

NASDAQ PANL opened at $6.84 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.66. The company has a market cap of $319.56 million, a P/E ratio of 11.59 and a beta of 0.86. The stock has a 50-day moving average of $8.26 and a two-hundred day moving average of $7.28. Pangaea Logistics Solutions has a 1-year low of $5.23 and a 1-year high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its quarterly earnings data on Wednesday, March 13th. The shipping company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.28). Pangaea Logistics Solutions had a net margin of 5.27% and a return on equity of 8.54%. The business had revenue of $131.88 million during the quarter, compared to analyst estimates of $152.31 million. During the same quarter last year, the firm posted $0.32 EPS. As a group, analysts anticipate that Pangaea Logistics Solutions will post 0.85 EPS for the current year.

Pangaea Logistics Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 5.85%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is 67.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WealthTrust Axiom LLC raised its holdings in shares of Pangaea Logistics Solutions by 8.7% in the 4th quarter. WealthTrust Axiom LLC now owns 26,805 shares of the shipping company’s stock valued at $221,000 after purchasing an additional 2,149 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Pangaea Logistics Solutions by 11.1% in the third quarter. Brandywine Global Investment Management LLC now owns 21,878 shares of the shipping company’s stock valued at $129,000 after buying an additional 2,180 shares in the last quarter. First Trust Advisors LP lifted its holdings in Pangaea Logistics Solutions by 2.4% during the 4th quarter. First Trust Advisors LP now owns 94,493 shares of the shipping company’s stock worth $779,000 after buying an additional 2,246 shares during the last quarter. UBS Group AG boosted its position in shares of Pangaea Logistics Solutions by 11.7% during the 3rd quarter. UBS Group AG now owns 25,068 shares of the shipping company’s stock worth $147,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Pangaea Logistics Solutions by 16.4% in the 4th quarter. Raymond James & Associates now owns 19,485 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 2,749 shares during the last quarter. Institutional investors and hedge funds 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.