16,300 Shares in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,300 shares of the shipping company’s stock, valued at approximately $114,000.

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Pangaea Logistics Solutions by 3.0% in the first quarter. SG Americas Securities LLC now owns 58,004 shares of the shipping company’s stock valued at $404,000 after purchasing an additional 1,672 shares during the period. WealthTrust Axiom LLC raised its position in shares of Pangaea Logistics Solutions by 8.7% during the fourth quarter. WealthTrust Axiom LLC now owns 26,805 shares of the shipping company’s stock worth $221,000 after acquiring an additional 2,149 shares during the last quarter. Quarry LP acquired a new position in shares of Pangaea Logistics Solutions in the fourth quarter worth approximately $35,000. Tower Research Capital LLC TRC boosted its holdings in Pangaea Logistics Solutions by 245.9% in the fourth 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 last quarter. Finally, Janney Montgomery Scott LLC increased its position in Pangaea Logistics Solutions by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,555 shares of the shipping company’s stock valued at $541,000 after purchasing an additional 6,125 shares during the period. 60.23% of the stock is currently owned by institutional investors.

Pangaea Logistics Solutions Trading Up 4.0 %

NASDAQ PANL traded up $0.29 during trading hours on Monday, hitting $7.46. 184,142 shares of the company’s stock were exchanged, compared to its average volume of 249,129. The firm has a market cap of $349.87 million, a price-to-earnings ratio of 9.68 and a beta of 0.88. The stock has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $7.78. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54. Pangaea Logistics Solutions, Ltd. has a 1-year low of $5.28 and a 1-year high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Pangaea Logistics Solutions had a net margin of 7.04% and a return on equity of 8.86%. The company had revenue of $104.75 million during the quarter, compared to the consensus estimate of $117.47 million. During the same quarter last year, the firm posted $0.11 EPS. On average, equities analysts forecast that Pangaea Logistics Solutions, Ltd. will post 0.73 EPS for the current fiscal year.

Pangaea Logistics Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 5.36%. Pangaea Logistics Solutions’s dividend payout ratio is currently 52.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Pangaea Logistics Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Alliance Global Partners upgraded shares of Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 target price on the stock in a report on Monday, May 13th.

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.