D. E. Shaw & Co. Inc. Takes Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

D. E. Shaw & Co. Inc. bought a new stake in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 57,313 shares of the shipping company's stock, valued at approximately $307,000. D. E. Shaw & Co. Inc. owned about 0.09% of Pangaea Logistics Solutions at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Pangaea Logistics Solutions by 469.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the shipping company's stock valued at $48,000 after purchasing an additional 7,412 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Pangaea Logistics Solutions during the fourth quarter valued at approximately $54,000. Commonwealth Equity Services LLC bought a new position in shares of Pangaea Logistics Solutions during the fourth quarter valued at approximately $55,000. Virtu Financial LLC acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth approximately $59,000. Finally, Quarry LP acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth approximately $80,000. 60.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Pangaea Logistics Solutions from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th.

Pangaea Logistics Solutions Stock Performance

Shares of NASDAQ PANL traded up $0.03 during midday trading on Thursday, hitting $4.53. 184,369 shares of the company's stock were exchanged, compared to its average volume of 204,202. 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 stock's 50 day moving average price is $4.36 and its 200-day moving average price is $5.04. The firm has a market cap of $297.27 million, a P/E ratio of 9.64 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.

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

Pangaea Logistics Solutions Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 2nd. Pangaea Logistics Solutions's dividend payout ratio (DPR) is 58.82%.

About Pangaea Logistics Solutions

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.