Pangaea Logistics Solutions (NASDAQ:PANL) Upgraded to Buy at StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANLGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors 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.

Check Out Our Latest Stock Analysis on PANL

Pangaea Logistics Solutions Trading Down 2.7 %

NASDAQ:PANL traded down $0.21 during trading hours on Friday, hitting $7.55. The company had a trading volume of 248,110 shares, compared to its average volume of 180,689. The company has a current ratio of 1.82, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $7.18 and a 200 day moving average of $7.53. The company has a market cap of $352.74 million, a P/E ratio of 12.80 and a beta of 0.81. Pangaea Logistics Solutions has a 1 year low of $5.28 and a 1 year high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANLGet Free Report) last issued its earnings results on Thursday, May 9th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $104.75 million during the quarter, compared to analysts’ expectations of $117.47 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 business earned $0.11 EPS. Sell-side analysts expect that Pangaea Logistics Solutions will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Pangaea Logistics Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in 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 buying an additional 5,077 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Pangaea Logistics Solutions in the 3rd quarter valued at $357,000. SG Americas Securities LLC raised its holdings in shares of Pangaea Logistics Solutions by 39.2% in the 3rd quarter. SG Americas Securities LLC now owns 50,369 shares of the shipping company’s stock valued at $296,000 after purchasing an additional 14,194 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Pangaea Logistics Solutions in the 4th quarter valued at $262,000. Finally, WealthTrust Axiom LLC raised its holdings in shares of Pangaea Logistics Solutions by 8.7% in the 4th quarter. WealthTrust Axiom LLC now owns 26,805 shares of the shipping company’s stock valued at $221,000 after purchasing an additional 2,149 shares in the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.

About Pangaea Logistics Solutions

(Get Free Report)

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.

Further Reading

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