Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.
Pangaea Logistics Solutions Price Performance
Shares of PANL stock traded down $0.18 during trading on Friday, hitting $5.02. The company had a trading volume of 188,213 shares, compared to its average volume of 216,665. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.28 and a current ratio of 1.61. The firm has a market capitalization of $329.41 million, a P/E ratio of 14.77 and a beta of 0.69. The stock's 50-day moving average price is $4.76 and its 200 day moving average price is $4.86. Pangaea Logistics Solutions has a one year low of $3.93 and a one year high of $7.50.
Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The shipping company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.12. The business had revenue of $122.80 million for the quarter, compared to analysts' expectations of $130.37 million. Pangaea Logistics Solutions had a net margin of 2.75% and a return on equity of 4.97%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities analysts expect that Pangaea Logistics Solutions will post 0.43 EPS for the current fiscal year.
Hedge Funds Weigh In On Pangaea Logistics Solutions
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Pangaea Logistics Solutions by 469.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the shipping company's stock worth $48,000 after buying an additional 7,412 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Pangaea Logistics Solutions in the 4th quarter worth about $54,000. Commonwealth Equity Services LLC bought a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $55,000. Virtu Financial LLC purchased a new stake in shares of Pangaea Logistics Solutions during the 4th quarter valued at about $59,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Pangaea Logistics Solutions during the fourth quarter valued at approximately $59,000. 60.23% of the stock is owned by institutional investors.
About Pangaea Logistics Solutions
(
Get Free Report)
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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