AQR Capital Management LLC Raises Holdings in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

AQR Capital Management LLC boosted its holdings in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 131.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 265,177 shares of the shipping company's stock after buying an additional 150,713 shares during the period. AQR Capital Management LLC owned 0.57% of Pangaea Logistics Solutions worth $2,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PANL. Quarry LP bought a new position in shares of Pangaea Logistics Solutions during the 4th quarter valued at about $35,000. Cable Car Capital LLC bought a new position in shares of Pangaea Logistics Solutions during the 4th quarter valued at about $7,299,000. Quadrature Capital Ltd lifted its holdings in shares of Pangaea Logistics Solutions by 111.5% in the 4th quarter. Quadrature Capital Ltd now owns 38,937 shares of the shipping company's stock valued at $321,000 after acquiring an additional 20,529 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pangaea Logistics Solutions by 14,653.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,671 shares of the shipping company's stock valued at $242,000 after acquiring an additional 34,436 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Pangaea Logistics Solutions in the 1st quarter valued at about $157,000. Institutional investors own 60.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Pangaea Logistics Solutions from a "hold" rating to a "buy" rating in a report on Thursday, September 19th.

Pangaea Logistics Solutions Trading Down 2.3 %

NASDAQ PANL traded down $0.16 during trading on Wednesday, hitting $6.70. The stock had a trading volume of 138,158 shares, compared to its average volume of 217,617. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.16. The stock has a market capitalization of $314.24 million, a price-to-earnings ratio of 8.82 and a beta of 0.86. Pangaea Logistics Solutions, Ltd. has a one year low of $5.74 and a one year high of $9.52. The stock has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $7.16.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 earnings per share (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 the consensus estimate of $98.09 million. Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. During the same period in the previous year, the business earned $0.10 EPS. Sell-side analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.76 earnings per share for the current year.

Pangaea Logistics Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Friday, August 30th. Pangaea Logistics Solutions's dividend payout ratio (DPR) is presently 52.63%.

About Pangaea Logistics Solutions

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.