Pangaea Logistics Solutions (NASDAQ:PANL) Lowered to Hold at StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released 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 price objective on the stock. in a report on Monday, February 5th.

Pangaea Logistics Solutions Price Performance

Shares of PANL traded up $0.08 during trading hours on Friday, hitting $7.00. The stock had a trading volume of 158,453 shares, compared to its average volume of 314,309. The company’s fifty day moving average is $7.38 and its two-hundred day moving average is $7.43. 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 52 week low of $5.28 and a 52 week high of $9.52. The stock has a market capitalization of $327.04 million, a price-to-earnings ratio of 11.86 and a beta of 0.85.

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 the consensus estimate 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 firm had revenue of $131.88 million during the quarter, compared to the consensus estimate of $152.31 million. During the same period in the previous year, the company posted $0.32 EPS. On average, analysts anticipate that Pangaea Logistics Solutions will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Pangaea Logistics Solutions

A number of hedge funds have recently added to or reduced their stakes in PANL. Quarry LP acquired a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC raised its position in shares of Pangaea Logistics Solutions by 245.9% in 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. acquired a new stake in shares of Pangaea Logistics Solutions in the 3rd quarter valued at approximately $76,000. Quadrature Capital Ltd acquired a new stake in shares of Pangaea Logistics Solutions in the 3rd quarter valued at approximately $108,000. Finally, Brandywine Global Investment Management LLC raised its position in shares of Pangaea Logistics Solutions by 11.1% in 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. 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.