Quadrature Capital Ltd Has $321,000 Holdings in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Quadrature Capital Ltd lifted its stake in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 111.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,937 shares of the shipping company’s stock after buying an additional 20,529 shares during the period. Quadrature Capital Ltd owned about 0.08% of Pangaea Logistics Solutions worth $321,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth $35,000. Tower Research Capital LLC TRC increased its holdings in shares of Pangaea Logistics Solutions by 245.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the shipping company’s stock worth $59,000 after buying an additional 5,077 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in Pangaea Logistics Solutions by 11.1% in the third quarter. Brandywine Global Investment Management LLC now owns 21,878 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 2,180 shares during the period. WealthTrust Axiom LLC increased its holdings in Pangaea Logistics Solutions by 8.7% in the fourth 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 during the period. Finally, Bailard Inc. acquired a new stake in Pangaea Logistics Solutions in the fourth quarter valued at $262,000. 60.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PANL shares. StockNews.com upgraded Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Alliance Global Partners raised shares of Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price target on the stock in a research report on Monday, May 13th.

Pangaea Logistics Solutions Stock Performance

Shares of PANL opened at $7.78 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $364.42 million, a P/E ratio of 10.24 and a beta of 0.86. The firm’s fifty day simple moving average is $7.59 and its two-hundred day simple moving average is $7.81. Pangaea Logistics Solutions, Ltd. has a 12 month low of $5.28 and a 12 month high of $9.52.

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

Pangaea Logistics Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.14%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 52.63%.

Pangaea Logistics Solutions 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.