StockNews.com Upgrades Pangaea Logistics Solutions (NASDAQ:PANL) to “Buy”

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

Separately, Alliance Global Partners cut Pangaea Logistics Solutions from a “buy” rating to a “neutral” rating and set a $8.75 price objective on the stock. in a report on Monday, February 5th.

Pangaea Logistics Solutions Stock Down 0.7 %

Pangaea Logistics Solutions stock opened at $6.70 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.66. The stock has a market capitalization of $313.02 million, a price-to-earnings ratio of 11.36 and a beta of 0.85. Pangaea Logistics Solutions has a 1-year low of $5.28 and a 1-year high of $9.52. The business has a fifty day moving average price of $7.71 and a 200-day moving average price of $7.37.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its earnings results on Wednesday, March 13th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.28). The firm had revenue of $131.88 million during the quarter, compared to analysts’ expectations of $152.31 million. Pangaea Logistics Solutions had a return on equity of 8.54% and a net margin of 5.27%. During the same quarter last year, the business earned $0.32 EPS. Equities research analysts forecast that Pangaea Logistics Solutions will post 0.87 EPS for the current fiscal year.

Institutional Trading of Pangaea Logistics Solutions

A number of large investors have recently modified their holdings of PANL. BlackRock Inc. grew its stake in shares of Pangaea Logistics Solutions by 707.9% during the second quarter. BlackRock Inc. now owns 2,120,782 shares of the shipping company’s stock worth $14,358,000 after purchasing an additional 1,858,287 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Pangaea Logistics Solutions by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,267,123 shares of the shipping company’s stock valued at $8,578,000 after acquiring an additional 111,522 shares in the last quarter. Cable Car Capital LLC acquired a new position in Pangaea Logistics Solutions in the fourth quarter valued at $7,299,000. Geode Capital Management LLC boosted its stake in Pangaea Logistics Solutions by 92.0% in the second quarter. Geode Capital Management LLC now owns 711,450 shares of the shipping company’s stock valued at $4,817,000 after acquiring an additional 340,906 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Pangaea Logistics Solutions by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 688,333 shares of the shipping company’s stock valued at $5,672,000 after acquiring an additional 11,522 shares in 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., 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.