Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.
Pangaea Logistics Solutions Price Performance
Shares of NASDAQ PANL traded down $0.11 during mid-day trading on Friday, hitting $6.30. 127,634 shares of the company's stock traded hands, compared to its average volume of 211,225. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.82. Pangaea Logistics Solutions has a 1 year low of $6.09 and a 1 year high of $9.52. The company's 50-day moving average is $6.58 and its two-hundred day moving average is $7.08. The company has a market capitalization of $295.47 million, a P/E ratio of 13.40 and a beta of 0.87.
Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $153.12 million for the quarter, compared to the consensus estimate of $138.65 million. Pangaea Logistics Solutions had a return on equity of 7.88% and a net margin of 4.14%. On average, equities analysts anticipate that Pangaea Logistics Solutions will post 0.76 EPS for the current fiscal year.
Hedge Funds Weigh In On Pangaea Logistics Solutions
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Pangaea Logistics Solutions by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,853,611 shares of the shipping company's stock worth $14,514,000 after purchasing an additional 112,298 shares during the period. AQR Capital Management LLC increased its stake in Pangaea Logistics Solutions by 131.7% during the 2nd quarter. AQR Capital Management LLC now owns 265,177 shares of the shipping company's stock valued at $2,076,000 after purchasing an additional 150,713 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Pangaea Logistics Solutions in the 2nd quarter worth $270,000. Lazard Asset Management LLC acquired a new stake in Pangaea Logistics Solutions during the 1st quarter worth about $61,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Pangaea Logistics Solutions by 50.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,998 shares of the shipping company's stock worth $196,000 after acquiring an additional 9,352 shares during the period. 60.23% of the stock is currently owned by institutional investors.
About Pangaea Logistics Solutions
(
Get Free Report)
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.
Further Reading
Before you consider Pangaea Logistics Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pangaea Logistics Solutions wasn't on the list.
While Pangaea Logistics Solutions currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
