Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.64 and traded as low as $4.95. Pangaea Logistics Solutions shares last traded at $5.01, with a volume of 82,953 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Pangaea Logistics Solutions from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.
View Our Latest Report on PANL
Pangaea Logistics Solutions Stock Down 2.2 %
The firm has a market capitalization of $229.82 million, a PE ratio of 10.43 and a beta of 0.84. The firm's 50-day moving average is $5.89 and its 200 day moving average is $6.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05.
Pangaea Logistics Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 8.16%. Pangaea Logistics Solutions's dividend payout ratio is presently 85.11%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Pangaea Logistics Solutions by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 24,047 shares of the shipping company's stock valued at $188,000 after purchasing an additional 1,514 shares in the last quarter. Lakewood Asset Management LLC lifted its stake in shares of Pangaea Logistics Solutions by 8.4% during the third quarter. Lakewood Asset Management LLC now owns 36,337 shares of the shipping company's stock valued at $263,000 after buying an additional 2,830 shares during the period. Algert Global LLC boosted its position in Pangaea Logistics Solutions by 20.1% during the second quarter. Algert Global LLC now owns 18,215 shares of the shipping company's stock worth $143,000 after acquiring an additional 3,044 shares during the last quarter. Jane Street Group LLC grew its stake in Pangaea Logistics Solutions by 7.9% in the 3rd quarter. Jane Street Group LLC now owns 61,728 shares of the shipping company's stock worth $446,000 after acquiring an additional 4,499 shares during the period. Finally, State Street Corp raised its holdings in Pangaea Logistics Solutions by 0.8% in the 3rd quarter. State Street Corp now owns 577,110 shares of the shipping company's stock valued at $4,173,000 after acquiring an additional 4,564 shares during the last quarter. 60.23% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
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 what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
