Pangaea Logistics Solns (PANL) Holdings Cut by VR Advisory Services Ltd

VR Advisory Services Ltd lessened its stake in shares of Pangaea Logistics Solns (NASDAQ:PANL) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,192,210 shares of the shipping company’s stock after selling 30,012 shares during the quarter. Pangaea Logistics Solns accounts for about 3.1% of VR Advisory Services Ltd’s holdings, making the stock its 7th biggest position. VR Advisory Services Ltd’s holdings in Pangaea Logistics Solns were worth $5,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Monashee Investment Management LLC acquired a new stake in Pangaea Logistics Solns during the 4th quarter worth about $134,000. Deutsche Bank AG acquired a new stake in Pangaea Logistics Solns during the 4th quarter worth about $121,000. Goldman Sachs Group Inc. raised its holdings in Pangaea Logistics Solns by 4,998.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 841,372 shares of the shipping company’s stock worth $3,096,000 after buying an additional 824,868 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Pangaea Logistics Solns during the 4th quarter worth about $125,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Pangaea Logistics Solns opened at $3.19 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.00 and a current ratio of 1.24. The stock has a market cap of $139.79 million, a price-to-earnings ratio of 8.39 and a beta of 0.23. Pangaea Logistics Solns has a 1 year low of $2.13 and a 1 year high of $8.40.

Pangaea Logistics Solns (NASDAQ:PANL) last posted its quarterly earnings data on Thursday, May 10th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Pangaea Logistics Solns had a return on equity of 7.67% and a net margin of 2.84%. The firm had revenue of $78.97 million for the quarter, compared to the consensus estimate of $87.22 million. sell-side analysts expect that Pangaea Logistics Solns will post 0.5 earnings per share for the current year.

Several analysts have issued reports on the company. TheStreet upgraded Pangaea Logistics Solns from a “d+” rating to a “c” rating in a report on Thursday, June 7th. Zacks Investment Research upgraded Pangaea Logistics Solns from a “sell” rating to a “hold” rating in a report on Saturday, May 12th. Finally, ValuEngine downgraded Pangaea Logistics Solns from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Pangaea Logistics Solns has a consensus rating of “Buy” and an average target price of $57.35.

Pangaea Logistics Solns Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.

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Institutional Ownership by Quarter for Pangaea Logistics Solns (NASDAQ:PANL)

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