Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.95 and traded as low as $4.89. Pangaea Logistics Solutions shares last traded at $4.92, with a volume of 235,915 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.
Read Our Latest Analysis on PANL
Pangaea Logistics Solutions Price Performance
The stock has a market capitalization of $324.81 million, a PE ratio of 10.64 and a beta of 0.84. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. The stock's 50 day moving average price is $5.32 and its 200-day moving average price is $5.91.
Pangaea Logistics Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Friday, February 28th. Pangaea Logistics Solutions's dividend payout ratio is currently 85.11%.
Institutional Trading of Pangaea Logistics Solutions
Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Pangaea Logistics Solutions by 7.8% in the third quarter. Geode Capital Management LLC now owns 837,827 shares of the shipping company's stock worth $6,059,000 after acquiring an additional 60,841 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Pangaea Logistics Solutions in the third quarter worth about $761,000. Barclays PLC lifted its stake in Pangaea Logistics Solutions by 271.4% in the third quarter. Barclays PLC now owns 46,899 shares of the shipping company's stock worth $339,000 after acquiring an additional 34,273 shares during the period. State Street Corp lifted its stake in Pangaea Logistics Solutions by 0.8% in the third quarter. State Street Corp now owns 577,110 shares of the shipping company's stock worth $4,173,000 after acquiring an additional 4,564 shares during the period. Finally, Empowered Funds LLC lifted its stake in Pangaea Logistics Solutions by 5.1% in the fourth quarter. Empowered Funds LLC now owns 356,068 shares of the shipping company's stock worth $1,909,000 after acquiring an additional 17,389 shares during the period. 60.23% of the stock is owned by hedge funds and other 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.
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