Dimensional Fund Advisors LP Acquires 105,965 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Dimensional Fund Advisors LP grew its stake in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,060,392 shares of the shipping company's stock after acquiring an additional 105,965 shares during the quarter. Dimensional Fund Advisors LP owned about 3.17% of Pangaea Logistics Solutions worth $11,044,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in Pangaea Logistics Solutions during the fourth quarter worth about $55,000. Virtu Financial LLC acquired a new position in shares of Pangaea Logistics Solutions in the 4th quarter valued at approximately $59,000. Wells Fargo & Company MN boosted its position in shares of Pangaea Logistics Solutions by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 18,396 shares of the shipping company's stock worth $99,000 after acquiring an additional 4,007 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in Pangaea Logistics Solutions in the fourth quarter valued at approximately $105,000. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new position in Pangaea Logistics Solutions during the fourth quarter valued at approximately $123,000. 60.23% of the stock is owned by institutional investors and hedge funds.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL traded down $0.05 during trading hours on Thursday, hitting $4.28. The company's stock had a trading volume of 108,951 shares, compared to its average volume of 192,497. 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 company has a market capitalization of $280.89 million, a P/E ratio of 9.12 and a beta of 0.63. Pangaea Logistics Solutions, Ltd. has a twelve month low of $3.93 and a twelve month high of $8.32. The stock has a fifty day simple moving average of $4.51 and a 200-day simple moving average of $5.18.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.12. Pangaea Logistics Solutions had a net margin of 4.14% and a return on equity of 7.88%. The business had revenue of $122.80 million during the quarter, compared to analysts' expectations of $130.37 million. During the same period in the prior year, the company earned $0.14 EPS. On average, analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.43 EPS for the current fiscal year.

Pangaea Logistics Solutions Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 2nd. Pangaea Logistics Solutions's dividend payout ratio (DPR) is 64.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pangaea Logistics Solutions from a "hold" rating to a "sell" rating in a report on Wednesday.

Pangaea Logistics Solutions Company Profile

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.