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

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

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

Pangaea Logistics Solutions Trading Up 1.2 %

Shares of Pangaea Logistics Solutions stock traded up $0.08 during midday trading on Friday, reaching $7.00. The company had a trading volume of 158,453 shares, compared to its average volume of 314,309. The stock has a fifty day moving average price of $7.38 and a 200 day moving average price of $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. The firm has a market cap of $327.04 million, a PE ratio of 11.86 and a beta of 0.85. Pangaea Logistics Solutions has a fifty-two week low of $5.28 and a fifty-two week high of $9.52.

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

Hedge Funds Weigh In On Pangaea Logistics Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth approximately $35,000. Tower Research Capital LLC TRC raised its position in shares of Pangaea Logistics Solutions by 245.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the shipping company’s stock worth $59,000 after purchasing an additional 5,077 shares during the period. Astoria Portfolio Advisors LLC. acquired a new position in shares of Pangaea Logistics Solutions during the third quarter worth approximately $76,000. Quadrature Capital Ltd acquired a new position in shares of Pangaea Logistics Solutions during the third quarter worth approximately $108,000. Finally, Brandywine Global Investment Management LLC raised its position in shares of Pangaea Logistics Solutions by 11.1% during the third quarter. Brandywine Global Investment Management LLC now owns 21,878 shares of the shipping company’s stock worth $129,000 after purchasing an additional 2,180 shares during the period. 60.23% of the stock is owned by institutional investors and hedge funds.

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.