Pangaea Logistics Solutions (NASDAQ:PANL) Lowered to “C+” at TheStreet

TheStreet downgraded shares of Pangaea Logistics Solutions (NASDAQ:PANL) from a b- rating to a c+ rating in a report released on Friday morning, TheStreetRatingsTable reports.

A number of other analysts also recently issued reports on PANL. Zacks Investment Research raised Pangaea Logistics Solutions from a sell rating to a hold rating in a research note on Wednesday, October 16th. ValuEngine upgraded Pangaea Logistics Solutions from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd.

Shares of Pangaea Logistics Solutions stock opened at $3.05 on Friday. Pangaea Logistics Solutions has a twelve month low of $2.71 and a twelve month high of $4.35. The company has a quick ratio of 1.08, a current ratio of 1.28 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $3.18 and a 200-day moving average price of $3.31. The firm has a market cap of $135.13 million, a price-to-earnings ratio of 5.75 and a beta of 0.32.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its earnings results on Thursday, November 7th. The shipping company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10). Pangaea Logistics Solutions had a return on equity of 8.27% and a net margin of 4.03%. The firm had revenue of $118.89 million during the quarter. On average, equities analysts expect that Pangaea Logistics Solutions will post 0.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.14 annualized dividend and a yield of 4.59%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is currently 26.42%.

Large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of Pangaea Logistics Solutions in the 2nd quarter worth about $35,000. Susquehanna International Group LLP raised its position in shares of Pangaea Logistics Solutions by 36.4% during the 2nd quarter. Susquehanna International Group LLP now owns 19,327 shares of the shipping company’s stock valued at $65,000 after buying an additional 5,153 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of Pangaea Logistics Solutions by 57.1% during the 2nd quarter. WealthTrust Axiom LLC now owns 22,000 shares of the shipping company’s stock valued at $73,000 after buying an additional 8,000 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Pangaea Logistics Solutions by 132.5% in the 2nd quarter. BlackRock Inc. now owns 56,094 shares of the shipping company’s stock valued at $188,000 after acquiring an additional 31,969 shares during the last quarter. 25.98% of the stock is owned by institutional investors and hedge funds.

Pangaea Logistics Solutions 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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