Two Sigma Advisers LP Trims Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Two Sigma Advisers LP reduced its stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,200 shares of the shipping company's stock after selling 122,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.36% of Pangaea Logistics Solutions worth $1,266,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Pangaea Logistics Solutions by 469.4% during 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 during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Pangaea Logistics Solutions in the fourth quarter worth about $54,000. Commonwealth Equity Services LLC bought a new position in Pangaea Logistics Solutions during the fourth quarter valued at approximately $55,000. Virtu Financial LLC purchased a new position in Pangaea Logistics Solutions during the 4th quarter valued at approximately $59,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Pangaea Logistics Solutions in the 4th quarter worth approximately $59,000. 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 Up 0.2%

NASDAQ:PANL traded up $0.01 during trading hours on Wednesday, reaching $4.53. The company's stock had a trading volume of 240,422 shares, compared to its average volume of 204,761. The stock has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05. The company has a market capitalization of $297.27 million, a P/E ratio of 9.64 and a beta of 0.63. Pangaea Logistics Solutions, Ltd. has a 12 month low of $3.93 and a 12 month high of $8.18.

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 (EPS) for the quarter, beating 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 company had revenue of $122.80 million during the quarter, compared to the consensus estimate of $130.37 million. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.43 EPS 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 given a dividend of $0.05 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.20 annualized dividend and a dividend yield of 4.42%. Pangaea Logistics Solutions's dividend payout ratio is currently 58.82%.

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.