PharVision Advisers LLC Takes $300,000 Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

PharVision Advisers LLC acquired a new position in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 55,981 shares of the shipping company's stock, valued at approximately $300,000. PharVision Advisers LLC owned approximately 0.09% of Pangaea Logistics Solutions as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PANL. Dimensional Fund Advisors LP increased its stake in shares of Pangaea Logistics Solutions by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company's stock valued at $11,044,000 after purchasing an additional 105,965 shares during the last quarter. Wellington Management Group LLP boosted its stake in Pangaea Logistics Solutions by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock valued at $8,559,000 after buying an additional 105,200 shares in the last quarter. Royce & Associates LP boosted its stake in Pangaea Logistics Solutions by 24.0% in the fourth quarter. Royce & Associates LP now owns 960,102 shares of the shipping company's stock valued at $5,146,000 after buying an additional 185,650 shares in the last quarter. American Century Companies Inc. grew its position in Pangaea Logistics Solutions by 12.4% in the fourth quarter. American Century Companies Inc. now owns 928,044 shares of the shipping company's stock valued at $4,974,000 after acquiring an additional 102,653 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Pangaea Logistics Solutions by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 851,931 shares of the shipping company's stock worth $4,568,000 after acquiring an additional 14,104 shares in the last quarter. 60.23% of the stock is owned by institutional investors.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL traded up $0.06 on Tuesday, hitting $4.66. The company had a trading volume of 117,610 shares, compared to its average volume of 203,742. The stock has a market capitalization of $305.80 million, a price-to-earnings ratio of 9.92 and a beta of 0.63. The company has a current ratio of 2.05, a quick ratio of 1.77 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $4.41 and a two-hundred day moving average of $5.06. Pangaea Logistics Solutions, Ltd. has a 52 week low of $3.93 and a 52 week high of $8.32.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last posted its earnings results on Monday, May 12th. The shipping company reported ($0.03) earnings per share 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 firm had revenue of $122.80 million for the quarter, compared to analysts' expectations of $130.37 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.43 earnings per share for the current year.

Pangaea Logistics Solutions Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Monday, June 2nd. Pangaea Logistics Solutions's dividend payout ratio is currently 58.82%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of 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.