Deutsche Bank AG Takes Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Deutsche Bank AG purchased a new stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 28,564 shares of the shipping company’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Pangaea Logistics Solutions by 469.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the shipping company’s stock valued at $48,000 after buying an additional 7,412 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Pangaea Logistics Solutions in the 4th quarter valued at about $54,000. Commonwealth Equity Services LLC acquired a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $55,000. Virtu Financial LLC acquired a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $59,000. Finally, Quarry LP acquired a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $80,000. 60.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Pangaea Logistics Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th.

Pangaea Logistics Solutions Trading Down 2.7%

Pangaea Logistics Solutions stock opened at $4.38 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $4.99. The firm has a market capitalization of $287.42 million, a price-to-earnings ratio of 9.32 and a beta of 0.63. Pangaea Logistics Solutions, Ltd. has a 52-week low of $3.93 and a 52-week high of $8.32.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its earnings results on Monday, May 12th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. The firm had revenue of $122.80 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.14 EPS. Sell-side analysts expect that Pangaea Logistics Solutions, Ltd. will post 0.43 earnings per share for the current year.

Pangaea Logistics Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, June 2nd. Pangaea Logistics Solutions’s dividend payout ratio is currently 58.82%.

Pangaea Logistics Solutions 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.