Pangaea Logistics Solutions (NASDAQ:PANL) Downgraded to “Hold” at StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

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

Pangaea Logistics Solutions Trading Up 1.2 %

PANL opened at $7.00 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.66. Pangaea Logistics Solutions has a fifty-two week low of $5.28 and a fifty-two week high of $9.52. The firm has a market capitalization of $327.04 million, a PE ratio of 11.86 and a beta of 0.85. The company’s 50-day moving average is $7.38 and its 200 day moving average is $7.44.

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

Institutional Investors Weigh In On Pangaea Logistics Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Pangaea Logistics Solutions during the 4th quarter valued at approximately $35,000. Tower Research Capital LLC TRC grew its position in shares of Pangaea Logistics Solutions by 245.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the shipping company’s stock valued at $59,000 after acquiring an additional 5,077 shares during the period. Astoria Portfolio Advisors LLC. bought a new position in shares of Pangaea Logistics Solutions during the 3rd quarter valued at approximately $76,000. Quadrature Capital Ltd bought a new position in shares of Pangaea Logistics Solutions during the 3rd quarter valued at approximately $108,000. Finally, Brandywine Global Investment Management LLC grew its position in shares of Pangaea Logistics Solutions by 11.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 21,878 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 2,180 shares during the period. Hedge funds and other institutional investors own 60.23% of the company’s stock.

About Pangaea Logistics Solutions

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.