Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.11 and traded as low as $6.17. Pangaea Logistics Solutions shares last traded at $6.18, with a volume of 151,472 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a report on Friday, October 25th.
View Our Latest Research Report on Pangaea Logistics Solutions
Pangaea Logistics Solutions Price Performance
The stock has a fifty day moving average of $6.60 and a two-hundred day moving average of $7.10. The stock has a market capitalization of $289.84 million, a price-to-earnings ratio of 7.92 and a beta of 0.87. The company has a current ratio of 2.16, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.
Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its earnings results on Thursday, August 8th. The shipping company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $131.50 million during the quarter, compared to analyst estimates of $98.09 million. Pangaea Logistics Solutions had a net margin of 7.02% and a return on equity of 8.76%. During the same period last year, the business posted $0.10 earnings per share. As a group, equities research analysts forecast that Pangaea Logistics Solutions, Ltd. will post 0.76 earnings per share for the current year.
Pangaea Logistics Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 6.47%. Pangaea Logistics Solutions's dividend payout ratio (DPR) is currently 51.28%.
Institutional Investors Weigh In On Pangaea Logistics Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of Pangaea Logistics Solutions in the 3rd quarter worth $761,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Pangaea Logistics Solutions in the 3rd quarter worth $113,000. Lakewood Asset Management LLC boosted its position in shares of Pangaea Logistics Solutions by 8.4% in the 3rd quarter. Lakewood Asset Management LLC now owns 36,337 shares of the shipping company's stock worth $263,000 after purchasing an additional 2,830 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Pangaea Logistics Solutions in the 2nd quarter worth $270,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pangaea Logistics Solutions in the 2nd quarter worth $58,000. 60.23% of the stock is owned by institutional investors and hedge funds.
Pangaea Logistics Solutions Company Profile
(
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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.
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