Dimensional Fund Advisors LP Purchases 112,298 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Dimensional Fund Advisors LP lifted its position in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,853,611 shares of the shipping company’s stock after acquiring an additional 112,298 shares during the period. Dimensional Fund Advisors LP’s holdings in Pangaea Logistics Solutions were worth $14,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Pangaea Logistics Solutions by 6.7% in the second quarter. Principal Financial Group Inc. now owns 24,047 shares of the shipping company’s stock valued at $188,000 after acquiring an additional 1,514 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Pangaea Logistics Solutions by 3.0% during the 1st quarter. SG Americas Securities LLC now owns 58,004 shares of the shipping company’s stock valued at $404,000 after purchasing an additional 1,672 shares during the last quarter. Quarry LP bought a new stake in shares of Pangaea Logistics Solutions during the 4th quarter valued at approximately $35,000. Janney Montgomery Scott LLC increased its position in Pangaea Logistics Solutions by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,555 shares of the shipping company’s stock worth $541,000 after purchasing an additional 6,125 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Pangaea Logistics Solutions by 21.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 42,165 shares of the shipping company’s stock valued at $330,000 after purchasing an additional 7,494 shares during the last quarter. Institutional investors own 60.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

Pangaea Logistics Solutions Price Performance

Pangaea Logistics Solutions stock opened at $7.02 on Friday. The stock has a 50-day moving average price of $6.68 and a two-hundred day moving average price of $7.16. Pangaea Logistics Solutions, Ltd. has a 12 month low of $5.74 and a 12 month high of $9.52. The company has a market capitalization of $329.25 million, a PE ratio of 9.24 and a beta of 0.86. The company has a current ratio of 2.16, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $98.09 million. During the same quarter last year, the business earned $0.10 EPS. Analysts expect that Pangaea Logistics Solutions, Ltd. will post 0.76 EPS for the current year.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.70%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 52.63%.

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.