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

Key Points

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Shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.95 and traded as high as $5.19. Pangaea Logistics Solutions shares last traded at $5.12, with a volume of 179,094 shares trading hands.

Analyst Upgrades and Downgrades

PANL has been the topic of a number of recent research reports. Wall Street Zen upgraded Pangaea Logistics Solutions from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. B. Riley cut their target price on Pangaea Logistics Solutions from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 11th.

Pangaea Logistics Solutions Stock Performance

The stock has a market cap of $334.04 million, a P/E ratio of 23.27 and a beta of 0.77. The business has a 50 day moving average price of $4.95 and a 200 day moving average price of $4.78. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.72.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its earnings results on Thursday, August 7th. The shipping company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The firm had revenue of $156.69 million for the quarter, compared to analysts' expectations of $129.24 million. Pangaea Logistics Solutions had a return on equity of 3.38% and a net margin of 1.52%. As a group, sell-side analysts expect that Pangaea Logistics Solutions Ltd. will post 0.43 EPS for the current year.

Pangaea Logistics Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 3.9%. Pangaea Logistics Solutions's dividend payout ratio is 90.91%.

Institutional Investors Weigh In On Pangaea Logistics Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of PANL. Dimensional Fund Advisors LP lifted its holdings 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 worth $11,044,000 after buying an additional 105,965 shares during the period. Wellington Management Group LLP lifted its holdings 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 worth $8,559,000 after buying an additional 105,200 shares during the period. Royce & Associates LP lifted its holdings 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 worth $5,553,000 after buying an additional 206,575 shares during the period. American Century Companies Inc. lifted its holdings 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 worth $4,802,000 after buying an additional 80,872 shares during the period. Finally, Cable Car Capital LP lifted its holdings in shares of Pangaea Logistics Solutions by 2.1% in the 2nd quarter. Cable Car Capital LP now owns 985,623 shares of the shipping company's stock worth $4,632,000 after buying an additional 20,000 shares during the period. 60.23% of the stock is 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.

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