Two Sigma Investments LP Sells 127,349 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Two Sigma Investments LP decreased its stake in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,725 shares of the shipping company's stock after selling 127,349 shares during the period. Two Sigma Investments LP owned 0.13% of Pangaea Logistics Solutions worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Pangaea Logistics Solutions by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 92,114 shares of the shipping company's stock worth $494,000 after purchasing an additional 2,916 shares in the last quarter. Wells Fargo & Company MN boosted its position in Pangaea Logistics Solutions by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 18,396 shares of the shipping company's stock valued at $99,000 after buying an additional 4,007 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Pangaea Logistics Solutions by 27.5% in the 4th quarter. Bank of America Corp DE now owns 32,312 shares of the shipping company's stock valued at $173,000 after buying an additional 6,965 shares during the period. Tower Research Capital LLC TRC raised its position 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 worth $48,000 after acquiring an additional 7,412 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Pangaea Logistics Solutions by 99.0% during the fourth quarter. MetLife Investment Management LLC now owns 19,647 shares of the shipping company's stock valued at $105,000 after acquiring an additional 9,773 shares during the period. Institutional investors and hedge funds own 60.23% of the company's stock.

Pangaea Logistics Solutions Trading Down 2.1%

PANL traded down $0.10 during trading on Friday, reaching $4.66. 194,561 shares of the company's stock were exchanged, compared to its average volume of 207,157. The company's fifty day moving average price is $4.35 and its 200-day moving average price is $4.94. The firm has a market capitalization of $305.80 million, a PE ratio of 9.92 and a beta of 0.69. Pangaea Logistics Solutions, Ltd. has a fifty-two week low of $3.93 and a fifty-two week high of $8.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The shipping company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $0.14 earnings per share. As a group, equities analysts forecast that Pangaea Logistics Solutions, Ltd. will post 0.43 EPS for the current year.

Pangaea Logistics Solutions Dividend Announcement

The company also recently disclosed a quarterly 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. This represents a $0.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Monday, June 2nd. Pangaea Logistics Solutions's dividend payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

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

Pangaea Logistics Solutions 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.