Pangaea Logistics Solutions (NASDAQ:PANL) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Pangaea Logistics Solutions (PANL) from a "hold" to a buy, though the consensus remains an average "Hold" (one Buy, two Holds) with an average price target of $9.00.
• In the latest quarter PANL reported $0.16 EPS versus $0.18 expected (a miss) while revenue of $183.9M beat estimates; the stock traded around $6.79 with a one‑year range of $3.93–$9.39 and a market cap of about $444M.
• Institutional investors own roughly 60.23% of the company, and several funds including Goldman Sachs, AQR and MIRAE increased their stakes in recent quarters.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Pangaea Logistics Solutions in a research note on Monday, December 29th. B. Riley Financial restated a "buy" rating on shares of Pangaea Logistics Solutions in a research report on Wednesday, January 28th. Finally, Zacks Research lowered shares of Pangaea Logistics Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9.00.

Pangaea Logistics Solutions Stock Down 4.0%

PANL opened at $6.79 on Friday. The business's fifty day moving average is $8.13 and its two-hundred day moving average is $6.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.35 and a current ratio of 1.69. The company has a market cap of $443.52 million, a price-to-earnings ratio of 21.90 and a beta of 0.77. Pangaea Logistics Solutions has a one year low of $3.93 and a one year high of $9.39.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The shipping company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $183.88 million during the quarter, compared to analysts' expectations of $181.75 million. Pangaea Logistics Solutions had a net margin of 3.06% and a return on equity of 3.80%. Analysts anticipate that Pangaea Logistics Solutions will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in Pangaea Logistics Solutions in the 1st quarter valued at about $195,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Pangaea Logistics Solutions by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,342 shares of the shipping company's stock worth $102,000 after buying an additional 3,344 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pangaea Logistics Solutions by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 233,537 shares of the shipping company's stock valued at $1,112,000 after buying an additional 14,357 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Pangaea Logistics Solutions by 7.3% during the first quarter. Empowered Funds LLC now owns 381,919 shares of the shipping company's stock valued at $1,818,000 after buying an additional 25,851 shares during the period. Finally, Creative Planning lifted its stake in shares of Pangaea Logistics Solutions by 94.2% during the second quarter. Creative Planning now owns 23,094 shares of the shipping company's stock valued at $109,000 after buying an additional 11,204 shares during the period. Institutional investors and hedge funds own 60.23% of the company's stock.

About Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.