Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,853,611 shares of the shipping company's stock after buying an additional 112,298 shares during the period. Dimensional Fund Advisors LP owned about 3.95% of Pangaea Logistics Solutions worth $14,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PANL. Quarry LP bought a new position in Pangaea Logistics Solutions in the fourth quarter worth approximately $35,000. Cable Car Capital LLC purchased a new position in Pangaea Logistics Solutions in the fourth quarter valued at about $7,299,000. Quadrature Capital Ltd raised its holdings in Pangaea Logistics Solutions by 111.5% in the fourth quarter. Quadrature Capital Ltd now owns 38,937 shares of the shipping company's stock worth $321,000 after purchasing an additional 20,529 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Pangaea Logistics Solutions by 14,653.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 34,671 shares of the shipping company's stock valued at $242,000 after buying an additional 34,436 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Pangaea Logistics Solutions in the first quarter valued at approximately $157,000. 60.23% of the stock is currently owned by institutional investors.

Pangaea Logistics Solutions Stock Performance

Shares of NASDAQ:PANL traded up $0.15 on Friday, hitting $7.02. 230,065 shares of the company were exchanged, compared to its average volume of 144,203. The company has a current ratio of 2.16, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock's 50 day moving average price is $6.68 and its 200 day moving average price is $7.16. Pangaea Logistics Solutions, Ltd. has a 1-year low of $5.74 and a 1-year high of $9.52. The firm has a market capitalization of $329.24 million, a P/E ratio of 9.24 and a beta of 0.86.

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 analysts' consensus estimates of $0.15 by ($0.05). Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. The firm had revenue of $131.50 million for the quarter, compared to analyst estimates of $98.09 million. During the same period last year, the firm earned $0.10 EPS. Sell-side analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.76 EPS for the current year.

Pangaea Logistics Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.70%. The ex-dividend date was Friday, August 30th. Pangaea Logistics Solutions's payout ratio is 52.63%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Pangaea Logistics Solutions from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th.

Pangaea Logistics Solutions 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.