Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Monday.
Pangaea Logistics Solutions Price Performance
Shares of NASDAQ PANL traded down $0.13 during mid-day trading on Monday, hitting $5.35. 888,694 shares of the stock traded hands, compared to its average volume of 186,037. The company has a market cap of $347.54 million, a PE ratio of 11.38 and a beta of 0.84. Pangaea Logistics Solutions has a twelve month low of $4.69 and a twelve month high of $8.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77. The firm has a 50 day simple moving average of $5.28 and a two-hundred day simple moving average of $5.82.
Hedge Funds Weigh In On Pangaea Logistics Solutions
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Pangaea Logistics Solutions by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company's stock worth $11,044,000 after purchasing an additional 105,965 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Pangaea Logistics Solutions by 7.1% in the 4th quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock valued at $8,559,000 after buying an additional 105,200 shares during the last quarter. Royce & Associates LP increased its stake in shares of Pangaea Logistics Solutions by 24.0% in the fourth quarter. Royce & Associates LP now owns 960,102 shares of the shipping company's stock valued at $5,146,000 after buying an additional 185,650 shares during the period. American Century Companies Inc. increased its stake in shares of Pangaea Logistics Solutions by 12.4% in the fourth quarter. American Century Companies Inc. now owns 928,044 shares of the shipping company's stock valued at $4,974,000 after buying an additional 102,653 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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. 60.23% of the stock is currently owned by institutional investors and hedge funds.
Pangaea Logistics Solutions Company Profile
(
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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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