Pangaea Logistics Solutions (NASDAQ:PANL) Lowered to Sell Rating by Wall Street Zen

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Friday.

Pangaea Logistics Solutions Trading Down 2.7%

Shares of NASDAQ:PANL traded down $0.13 during midday trading on Friday, hitting $4.70. The company had a trading volume of 338,080 shares, compared to its average volume of 212,487. Pangaea Logistics Solutions has a 12 month low of $3.93 and a 12 month high of $8.00. The company has a current ratio of 1.61, a quick ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market cap of $308.41 million, a price-to-earnings ratio of 13.82 and a beta of 0.69. The firm has a fifty day simple moving average of $4.49 and a 200 day simple moving average of $4.86.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.12. The business had revenue of $122.80 million for the quarter, compared to analyst estimates of $130.37 million. Pangaea Logistics Solutions had a return on equity of 4.97% and a net margin of 2.75%. During the same period last year, the company earned $0.14 EPS. On average, analysts predict that Pangaea Logistics Solutions will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PANL. Dimensional Fund Advisors LP raised 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 period. Wellington Management Group LLP raised its stake in shares of Pangaea Logistics Solutions by 7.1% in the 4th quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock valued at $8,559,000 after purchasing an additional 105,200 shares during the period. Royce & Associates LP raised its stake in shares of Pangaea Logistics Solutions by 21.5% in the 1st quarter. Royce & Associates LP now owns 1,166,677 shares of the shipping company's stock valued at $5,553,000 after purchasing an additional 206,575 shares during the period. American Century Companies Inc. raised its stake in shares of Pangaea Logistics Solutions by 8.7% in the 1st quarter. American Century Companies Inc. now owns 1,008,916 shares of the shipping company's stock valued at $4,802,000 after purchasing an additional 80,872 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Pangaea Logistics Solutions by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 851,931 shares of the shipping company's stock valued at $4,568,000 after purchasing an additional 14,104 shares during the period. 60.23% of the stock is currently owned by institutional investors.

Pangaea Logistics Solutions Company 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.