Pangaea Logistics Solutions (NASDAQ:PANL) Lifted to Strong-Buy at StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Thursday.

Separately, Alliance Global Partners upgraded Pangaea Logistics Solutions from a "neutral" rating to a "buy" rating and set a $10.25 target price for the company in a report on Monday, May 13th.

Pangaea Logistics Solutions Trading Up 1.3 %

PANL stock traded up $0.10 during midday trading on Thursday, hitting $7.74. The company had a trading volume of 111,302 shares, compared to its average volume of 260,415. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54. Pangaea Logistics Solutions has a 52 week low of $5.28 and a 52 week high of $9.52. The stock's 50 day moving average price is $7.63 and its 200 day moving average price is $7.81. The stock has a market cap of $363.01 million, a price-to-earnings ratio of 10.18 and a beta of 0.86.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its earnings results on Thursday, May 9th. The shipping company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $104.75 million during the quarter, compared to the consensus estimate of $117.47 million. Pangaea Logistics Solutions had a return on equity of 8.86% and a net margin of 7.04%. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, equities research analysts expect that Pangaea Logistics Solutions will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pangaea Logistics Solutions

A number of institutional investors have recently added to or reduced their stakes in PANL. Quadrature Capital Ltd bought a new position in Pangaea Logistics Solutions in the third quarter worth $108,000. SG Americas Securities LLC raised its holdings in Pangaea Logistics Solutions by 11.8% in the fourth quarter. SG Americas Securities LLC now owns 56,332 shares of the shipping company's stock worth $464,000 after purchasing an additional 5,963 shares in the last quarter. Bailard Inc. bought a new position in Pangaea Logistics Solutions in the fourth quarter worth $262,000. WealthTrust Axiom LLC raised its holdings in Pangaea Logistics Solutions by 8.7% in the fourth quarter. WealthTrust Axiom LLC now owns 26,805 shares of the shipping company's stock worth $221,000 after purchasing an additional 2,149 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Pangaea Logistics Solutions by 85.8% in the fourth quarter. BNP Paribas Financial Markets now owns 38,478 shares of the shipping company's stock worth $317,000 after purchasing an additional 17,769 shares in the last quarter. Institutional investors 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.

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