Tower Research Capital LLC TRC Boosts Stock Holdings in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Tower Research Capital LLC TRC raised its holdings in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 469.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,991 shares of the shipping company’s stock after purchasing an additional 7,412 shares during the period. Tower Research Capital LLC TRC’s holdings in Pangaea Logistics Solutions were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. MetLife Investment Management LLC increased its position in Pangaea Logistics Solutions by 99.0% during the 4th quarter. MetLife Investment Management LLC now owns 19,647 shares of the shipping company’s stock valued at $105,000 after purchasing an additional 9,773 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Pangaea Logistics Solutions by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company’s stock worth $11,044,000 after buying an additional 105,965 shares during the last quarter. Marshall Wace LLP grew its position in shares of Pangaea Logistics Solutions by 125.8% in the 4th quarter. Marshall Wace LLP now owns 89,792 shares of the shipping company’s stock worth $481,000 after buying an additional 50,018 shares during the last quarter. Mariner LLC purchased a new position in shares of Pangaea Logistics Solutions in the 4th quarter worth approximately $134,000. Finally, Barclays PLC grew its position in shares of Pangaea Logistics Solutions by 23.6% in the 4th quarter. Barclays PLC now owns 57,959 shares of the shipping company’s stock worth $311,000 after buying an additional 11,060 shares during the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th.

Pangaea Logistics Solutions Stock Up 10.2%

Shares of Pangaea Logistics Solutions stock opened at $4.42 on Tuesday. The firm’s 50 day moving average price is $4.54 and its 200-day moving average price is $5.20. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions, Ltd. has a 52-week low of $3.93 and a 52-week high of $8.32. The company has a market cap of $290.08 million, a P/E ratio of 9.40 and a beta of 0.63.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Monday, May 12th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. The firm had revenue of $122.80 million for the quarter, compared to the consensus estimate of $130.37 million. Pangaea Logistics Solutions had a net margin of 4.14% and a return on equity of 7.88%. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, sell-side analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.43 EPS for the current fiscal year.

Pangaea Logistics Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend was Friday, February 28th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 64.52%.

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.