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

StockNews.com upgraded shares of Pangaea Logistics Solutions (NASDAQ:PANL) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Pangaea Logistics Solutions Stock Performance

NASDAQ PANL opened at $5.03 on Tuesday. The company has a fifty day moving average of $5.23 and a two-hundred day moving average of $5.77. The company has a market capitalization of $330.11 million, a PE ratio of 10.70 and a beta of 0.84. Pangaea Logistics Solutions has a 1 year low of $4.69 and a 1 year high of $8.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77.

Pangaea Logistics Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.95%. The ex-dividend date was Friday, February 28th. Pangaea Logistics Solutions’s payout ratio is currently 64.52%.

Institutional Trading of Pangaea Logistics Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Pangaea Logistics Solutions by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company’s stock worth $8,559,000 after buying an additional 105,200 shares during the last quarter. Mackenzie Financial Corp grew its position in Pangaea Logistics Solutions by 220.2% in the 4th quarter. Mackenzie Financial Corp now owns 63,727 shares of the shipping company’s stock valued at $342,000 after buying an additional 43,823 shares during the last quarter. PharVision Advisers LLC purchased a new position in Pangaea Logistics Solutions in the 4th quarter valued at $300,000. Jacobs Levy Equity Management Inc. acquired a new position in Pangaea Logistics Solutions in the 4th quarter valued at $59,000. Finally, Deutsche Bank AG acquired a new stake in shares of Pangaea Logistics Solutions in the 4th quarter worth $153,000. Hedge funds and other institutional investors own 60.23% of the company’s stock.

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.