Koss Olinger Consulting LLC Purchases 96,513 Shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL)

Key Points

• Koss Olinger Consulting LLC significantly increased its stake in Pangaea Logistics Solutions by purchasing an additional 96,513 shares, bringing its total holdings to 116,029 shares, valued at approximately $552,000.
• Pangaea Logistics recently reported a quarterly earnings per share (EPS) of ($0.02), surpassing analysts' expectations of ($0.04) and generating revenues of $156.69 million, well above the consensus estimate.
• The company declared a quarterly dividend of $0.05, with a yield of 4.1%, and a payout ratio of 90.91%, highlighting its commitment to returning value to shareholders.

Koss Olinger Consulting LLC grew its position in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Free Report) by 494.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,029 shares of the shipping company's stock after purchasing an additional 96,513 shares during the period. Koss Olinger Consulting LLC owned approximately 0.18% of Pangaea Logistics Solutions worth $552,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Pangaea Logistics Solutions by 469.4% in 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 in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Pangaea Logistics Solutions in the fourth quarter valued at about $54,000. Commonwealth Equity Services LLC acquired a new stake in shares of Pangaea Logistics Solutions in the fourth quarter valued at about $55,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Pangaea Logistics Solutions in the fourth quarter valued at about $59,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Pangaea Logistics Solutions in the first quarter valued at about $59,000. 60.23% of the stock is currently owned by institutional investors.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL opened at $4.91 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.28 and a current ratio of 1.61. The stock's 50-day simple moving average is $4.89 and its 200 day simple moving average is $4.80. The company has a market cap of $322.19 million, a P/E ratio of 22.32 and a beta of 0.77. Pangaea Logistics Solutions Ltd. has a 52-week low of $3.93 and a 52-week high of $7.49.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its earnings results on Thursday, August 7th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $156.69 million for the quarter, compared to the consensus estimate of $129.24 million. Pangaea Logistics Solutions had a return on equity of 3.42% and a net margin of 1.52%. As a group, sell-side analysts forecast that Pangaea Logistics Solutions Ltd. will post 0.43 EPS for the current fiscal year.

Pangaea Logistics Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 4.1%. Pangaea Logistics Solutions's dividend payout ratio is currently 90.91%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Pangaea Logistics Solutions from a "sell" rating to a "hold" rating in a research report on Friday, July 18th.

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.

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