Pangaea Logistics Solutions (NASDAQ:PANL) Stock Rating Lowered by StockNews.com

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

Separately, Alliance Global Partners upgraded shares of Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price objective for the company in a research note on Monday, May 13th.

Pangaea Logistics Solutions Trading Up 3.7 %

Shares of NASDAQ:PANL opened at $7.26 on Tuesday. The business’s 50-day moving average is $7.67 and its 200 day moving average is $7.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.97 and a quick ratio of 1.75. Pangaea Logistics Solutions has a 1 year low of $5.28 and a 1 year high of $9.52. The firm has a market capitalization of $340.49 million, a P/E ratio of 9.21 and a beta of 0.88.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings results on Thursday, May 9th. The shipping company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $104.75 million for the quarter, compared to analyst estimates of $117.47 million. Pangaea Logistics Solutions had a return on equity of 8.86% and a net margin of 7.04%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, research analysts predict that Pangaea Logistics Solutions will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Pangaea Logistics Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in Pangaea Logistics Solutions by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 56,332 shares of the shipping company’s stock worth $464,000 after purchasing an additional 5,963 shares during the period. Bailard Inc. acquired a new stake in Pangaea Logistics Solutions during the fourth quarter worth about $262,000. WealthTrust Axiom LLC grew its holdings in 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 period. BNP Paribas Financial Markets raised its position in Pangaea Logistics Solutions by 85.8% during the fourth quarter. BNP Paribas Financial Markets now owns 38,478 shares of the shipping company’s stock valued at $317,000 after acquiring an additional 17,769 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Pangaea Logistics Solutions in the fourth quarter valued at approximately $302,000. 60.23% of the stock is currently 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. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.