Pangaea Logistics Solutions (NASDAQ:PANL) Shares Down 5.2% - Time to Sell?

Key Points

• Pangaea Logistics Solutions shares fell 5.2% to about $7.95 in midday trading, with volume down 92% from its average.
• Analyst sentiment remains cautious: one analyst rates PANL a Buy and two rate it Hold, resulting in an overall “Hold” consensus despite one upgrade to “Strong Buy.”
• The company exceeded quarterly EPS expectations ($0.26 versus $0.24) but missed revenue estimates, while doubling its quarterly dividend to $0.10 per share, implying a 5.0% annualized yield.

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report) shares were down 5.2% during mid-day trading on Wednesday . The company traded as low as $8.01 and last traded at $7.9530. Approximately 44,045 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 583,760 shares. The stock had previously closed at $8.39.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Pangaea Logistics Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 16th. Weiss Ratings reissued a "hold (c+)" rating on shares of Pangaea Logistics Solutions in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Pangaea Logistics Solutions currently has an average rating of "Hold".

Pangaea Logistics Solutions Trading Down 5.5%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.12 and a current ratio of 1.38. The stock has a market cap of $518.88 million, a price-to-earnings ratio of 10.51 and a beta of 0.79. The company's 50 day simple moving average is $7.32 and its two-hundred day simple moving average is $7.67.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $192.76 million. Research analysts expect that Pangaea Logistics Solutions Ltd. will post 0.81 EPS for the current fiscal year.

Pangaea Logistics Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.10 per share. This is a positive change from Pangaea Logistics Solutions's previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, September 1st. Pangaea Logistics Solutions's dividend payout ratio is 53.33%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of Pangaea Logistics Solutions by 89.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,050 shares of the shipping company's stock worth $31,000 after purchasing an additional 2,864 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Pangaea Logistics Solutions by 110.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,211 shares of the shipping company's stock valued at $43,000 after buying an additional 4,825 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Pangaea Logistics Solutions in the fourth quarter worth approximately $53,000. Algert Global LLC acquired a new position in Pangaea Logistics Solutions in the third quarter worth approximately $53,000. Finally, Two Sigma Investments LP bought a new position in Pangaea Logistics Solutions during the third quarter valued at approximately $63,000. 60.23% of the stock is owned by institutional investors and hedge funds.

Pangaea Logistics Solutions Company Profile

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.

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