Pangaea Logistics Solutions (NASDAQ:PANL) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.76 and traded as high as $5.24. Pangaea Logistics Solutions shares last traded at $5.02, with a volume of 188,213 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Pangaea Logistics Solutions from a "sell" rating to a "hold" rating in a research report on Friday.

Pangaea Logistics Solutions Trading Up 1.4%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.28 and a current ratio of 1.61. The business has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $4.85. The stock has a market capitalization of $331.38 million, a price-to-earnings ratio of 14.85 and a beta of 0.69.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The shipping company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 4.97% and a net margin of 2.75%. During the same period in the prior year, the company earned $0.14 EPS. As a group, research analysts expect that Pangaea Logistics Solutions Ltd. will post 0.43 EPS for the current year.

Pangaea Logistics Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.96%. Pangaea Logistics Solutions's payout ratio is currently 58.82%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of Pangaea Logistics Solutions by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 233,537 shares of the shipping company's stock valued at $1,112,000 after purchasing an additional 14,357 shares during the period. Empowered Funds LLC raised its stake in shares of Pangaea Logistics Solutions by 7.3% during the 1st quarter. Empowered Funds LLC now owns 381,919 shares of the shipping company's stock valued at $1,818,000 after purchasing an additional 25,851 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Pangaea Logistics Solutions by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,342 shares of the shipping company's stock valued at $102,000 after purchasing an additional 3,344 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Pangaea Logistics Solutions by 4.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 678,219 shares of the shipping company's stock valued at $3,228,000 after purchasing an additional 25,851 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Pangaea Logistics Solutions during the 1st quarter valued at $195,000. Hedge funds and other institutional investors own 60.23% of the company's stock.

About Pangaea Logistics Solutions

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.