Pangaea Logistics Solutions (NASDAQ:PANL) Stock Rating Lowered by StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Pangaea Logistics Solutions Price Performance

Shares of NASDAQ PANL opened at $6.34 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $297.36 million, a price-to-earnings ratio of 8.36 and a beta of 0.85. Pangaea Logistics Solutions has a twelve month low of $5.42 and a twelve month high of $9.52. The business has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $7.30.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its earnings results on Thursday, August 8th. The shipping company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). Pangaea Logistics Solutions had a net margin of 7.02% and a return on equity of 8.76%. The business had revenue of $131.50 million for the quarter, compared to the consensus estimate of $98.09 million. During the same quarter in the previous year, the firm earned $0.10 EPS. As a group, equities research analysts expect that Pangaea Logistics Solutions will post 0.76 earnings per share for the current year.

Institutional Trading of Pangaea Logistics Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Pangaea Logistics Solutions by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,853,611 shares of the shipping company’s stock worth $14,514,000 after buying an additional 112,298 shares during the last quarter. Cable Car Capital LLC bought a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth about $7,299,000. American Century Companies Inc. grew its position in shares of Pangaea Logistics Solutions by 14.1% during the second quarter. American Century Companies Inc. now owns 725,829 shares of the shipping company’s stock worth $5,683,000 after acquiring an additional 89,570 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Pangaea Logistics Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 701,875 shares of the shipping company’s stock worth $4,892,000 after acquiring an additional 13,542 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Pangaea Logistics Solutions by 4.6% in the 2nd quarter. Renaissance Technologies LLC now owns 614,150 shares of the shipping company’s stock valued at $4,809,000 after purchasing an additional 26,750 shares during the last quarter. 60.23% of the stock is currently owned by institutional investors and hedge funds.

Pangaea Logistics Solutions Company Profile

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.