Pangaea Logistics Solutions (NASDAQ:PANL) Stock Price Breaks Below 200-Day Moving Average - Should You Sell?

Key Points

• Pangaea Logistics Solutions shares fell below their 200-day moving average, trading as low as $7.53 and last changing hands at $7.56, down roughly 5%.
• Despite the technical weakness, analysts maintain a generally positive outlook: two rate the stock Buy, one rates it Hold, and Weiss Ratings upgraded it to Buy. The latest quarter also beat EPS expectations, though revenue fell short.
• The company increased its quarterly dividend from $0.05 to $0.10 per share, implying a $0.40 annualized payout and a dividend yield of about 5.3%; institutional investors own approximately 60.23% of the stock.

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $7.81 and traded as low as $7.53. Pangaea Logistics Solutions shares last traded at $7.56, with a volume of 360,478 shares.

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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Pangaea Logistics Solutions Trading Down 5.0%

The company has a 50-day moving average of $8.17 and a 200 day moving average of $7.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.38 and a quick ratio of 1.12. The company has a market cap of $494.95 million, a PE ratio of 10.08 and a beta of 0.82.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $187.12 million for the quarter, compared to the consensus estimate of $192.76 million. Pangaea Logistics Solutions had a return on equity of 9.42% and a net margin of 6.70%. Analysts predict that Pangaea Logistics Solutions Ltd. will post 0.81 earnings per share for the current year.

Pangaea Logistics Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 5.3%. This is an increase from Pangaea Logistics Solutions's previous quarterly dividend of $0.05. Pangaea Logistics Solutions's dividend payout ratio is presently 53.33%.

Institutional Trading of Pangaea Logistics Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in 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 acquiring an additional 351,385 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Pangaea Logistics Solutions by 33.0% in the first quarter. Renaissance Technologies LLC now owns 746,100 shares of the shipping company's stock valued at $5,282,000 after acquiring an additional 185,100 shares during the period. Sei Investments Co. purchased a new stake in shares of Pangaea Logistics Solutions in the first quarter valued at $933,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Pangaea Logistics Solutions by 66.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 208,875 shares of the shipping company's stock worth $1,479,000 after acquiring an additional 83,380 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Pangaea Logistics Solutions by 9.8% in the 1st quarter. Empowered Funds LLC now owns 413,152 shares of the shipping company's stock worth $2,925,000 after acquiring an additional 36,990 shares during the last quarter. Hedge funds and other institutional investors own 60.23% of the company's stock.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions Ltd. NASDAQ: PANL is a global provider of drybulk shipping and logistics services. The company transports industrial commodities for customers and manages the movement of cargo from origin to destination, combining marine transportation with related supply-chain services.

Pangaea owns and operates a fleet of drybulk vessels, including Handysize, Supramax and Panamax-class ships. Its cargoes include a range of drybulk commodities such as coal, grain, cement, salt, gypsum, dolomite and iron ore.

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