Squarepoint Ops LLC Sells 83,458 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Squarepoint Ops LLC lessened its stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 78.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,327 shares of the shipping company's stock after selling 83,458 shares during the quarter. Squarepoint Ops LLC's holdings in Pangaea Logistics Solutions were worth $120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Pangaea Logistics Solutions by 469.4% in the 4th 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 bought a new stake in shares of Pangaea Logistics Solutions during the 4th quarter worth $54,000. Commonwealth Equity Services LLC acquired a new stake in Pangaea Logistics Solutions in the fourth quarter valued at about $55,000. Virtu Financial LLC acquired a new stake in Pangaea Logistics Solutions in the fourth quarter valued at about $59,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Pangaea Logistics Solutions in the fourth quarter valued at about $59,000. Institutional investors own 60.23% of the company's stock.

Pangaea Logistics Solutions Price Performance

Shares of NASDAQ PANL traded down $0.14 during midday trading on Thursday, reaching $4.76. 152,723 shares of the company were exchanged, compared to its average volume of 256,109. The stock's 50-day moving average price is $4.34 and its 200-day moving average price is $4.94. The stock has a market cap of $312.36 million, a P/E ratio of 10.13 and a beta of 0.69. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions, Ltd. has a one year low of $3.93 and a one year high of $8.00.

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 for the quarter, beating the consensus estimate of ($0.15) by $0.12. Pangaea Logistics Solutions had a return on equity of 7.88% and a net margin of 4.14%. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $130.37 million. During the same quarter last year, the business posted $0.14 EPS. On average, sell-side analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.43 earnings per share for the current fiscal year.

Pangaea Logistics Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Monday, June 2nd. Pangaea Logistics Solutions's dividend payout ratio (DPR) is currently 58.82%.

Analyst Upgrades and Downgrades

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.