Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.87 and traded as low as $4.78. Pangaea Logistics Solutions shares last traded at $4.88, with a volume of 283,405 shares changing hands.
Pangaea Logistics Solutions Stock Up 12.2 %
The firm's 50-day moving average price is $5.27 and its 200 day moving average price is $5.85. The firm has a market capitalization of $352.74 million, a price-to-earnings ratio of 11.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77.
Pangaea Logistics Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 7.37%. Pangaea Logistics Solutions's dividend payout ratio (DPR) is currently 85.11%.
Institutional Trading of Pangaea Logistics Solutions
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Pangaea Logistics Solutions by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company's stock worth $11,044,000 after acquiring an additional 105,965 shares during the last quarter. Wellington Management Group LLP boosted its position in Pangaea Logistics Solutions by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock worth $8,559,000 after acquiring an additional 105,200 shares during the last quarter. Royce & Associates LP boosted its position in Pangaea Logistics Solutions by 24.0% during the fourth quarter. Royce & Associates LP now owns 960,102 shares of the shipping company's stock worth $5,146,000 after acquiring an additional 185,650 shares during the last quarter. American Century Companies Inc. boosted its position in Pangaea Logistics Solutions by 12.4% during the fourth quarter. American Century Companies Inc. now owns 928,044 shares of the shipping company's stock worth $4,974,000 after acquiring an additional 102,653 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Pangaea Logistics Solutions by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 851,931 shares of the shipping company's stock worth $4,568,000 after acquiring an additional 14,104 shares during the last quarter. Institutional investors and hedge funds own 60.23% of the company's stock.
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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