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

Key Points

• Pangaea Logistics Solutions shares rose above their 50-day moving average, reaching $8.48 before last trading at $8.38, compared with a 50-day average of $7.84. Analysts maintain a “Moderate Buy” consensus, with two Buy ratings and one Hold.
• The company exceeded quarterly EPS expectations, reporting $0.26 versus the $0.24 consensus, although revenue of $187.12 million fell short of the $192.76 million estimate. Analysts expect full-year EPS of $0.81.
• Pangaea doubled its quarterly dividend to $0.10 per share, implying an annualized yield of approximately 4.8%. Institutional investors own 60.23% of the company, with several major funds increasing their positions.

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.84 and traded as high as $8.48. Pangaea Logistics Solutions shares last traded at $8.38, with a volume of 537,840 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pangaea Logistics Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 14th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Pangaea Logistics Solutions currently has a consensus rating of "Moderate Buy".

Pangaea Logistics Solutions Stock Performance

The business's fifty day moving average is $7.84 and its two-hundred day moving average is $7.58. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $548.64 million, a PE ratio of 11.17 and a beta of 0.79.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Pangaea Logistics Solutions had a net margin of 6.70% and a return on equity of 9.42%. The company had revenue of $187.12 million for the quarter, compared to the consensus estimate of $192.76 million. As a group, research analysts anticipate that Pangaea Logistics Solutions Ltd. will post 0.81 EPS for the current fiscal year.

Pangaea Logistics Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.10 dividend. This is a boost from Pangaea Logistics Solutions's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.8%. Pangaea Logistics Solutions's payout ratio is presently 53.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Pangaea Logistics Solutions by 13.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,884,470 shares of the shipping company's stock valued at $20,421,000 after purchasing an additional 351,385 shares during the period. Renaissance Technologies LLC increased its stake in Pangaea Logistics Solutions by 33.0% in the 1st quarter. Renaissance Technologies LLC now owns 746,100 shares of the shipping company's stock worth $5,282,000 after buying an additional 185,100 shares during the period. Sei Investments Co. bought a new stake in Pangaea Logistics Solutions during the 1st quarter valued at about $933,000. Arrowstreet Capital Limited Partnership lifted its holdings in Pangaea Logistics Solutions by 66.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 208,875 shares of the shipping company's stock valued at $1,479,000 after buying an additional 83,380 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Pangaea Logistics Solutions by 9.8% in the 1st quarter. Empowered Funds LLC now owns 413,152 shares of the shipping company's stock valued at $2,925,000 after buying an additional 36,990 shares during the period. Institutional investors own 60.23% of the company's stock.

About Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd. NASDAQ: PANL is a drybulk shipping and logistics company that provides transportation and related services for industrial customers around the world. The company transports drybulk commodities, including coal, grain, bauxite, alumina, limestone, dolomite, salt and other raw materials.

Pangaea operates and charters a fleet of drybulk vessels, including Handymax, Supramax and Panamax ships. Its services extend beyond ocean transportation and include cargo loading and unloading, stevedoring, terminal operations, inland transportation, vessel chartering and logistics management.

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