Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Tuesday.
Pangaea Logistics Solutions Stock Down 3.4 %
Pangaea Logistics Solutions stock traded down $0.17 during trading on Tuesday, reaching $4.86. The stock had a trading volume of 172,367 shares, compared to its average volume of 187,384. Pangaea Logistics Solutions has a 52-week low of $4.69 and a 52-week high of $8.32. The business has a 50 day moving average price of $5.23 and a 200 day moving average price of $5.77. 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 has a market cap of $318.95 million, a PE ratio of 10.34 and a beta of 0.84.
Institutional Trading of Pangaea Logistics Solutions
A number of institutional investors have recently bought and sold shares of PANL. Victory Capital Management Inc. increased its holdings in shares of Pangaea Logistics Solutions by 16.7% in the 3rd quarter. Victory Capital Management Inc. now owns 142,917 shares of the shipping company's stock valued at $1,033,000 after acquiring an additional 20,498 shares during the last quarter. State Street Corp boosted its holdings 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 valued at $4,173,000 after purchasing an additional 4,564 shares in the last quarter. Jane Street Group LLC increased its stake in Pangaea Logistics Solutions by 7.9% in the third quarter. Jane Street Group LLC now owns 61,728 shares of the shipping company's stock valued at $446,000 after purchasing an additional 4,499 shares during the last quarter. Barclays PLC raised its holdings in Pangaea Logistics Solutions by 271.4% during the third quarter. Barclays PLC now owns 46,899 shares of the shipping company's stock worth $339,000 after purchasing an additional 34,273 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Pangaea Logistics Solutions by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 837,827 shares of the shipping company's stock worth $6,059,000 after buying an additional 60,841 shares during the last quarter. 60.23% of the stock is owned by hedge funds and other institutional investors.
Pangaea Logistics Solutions Company Profile
(
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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