Barclays PLC Grows Stock Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Barclays PLC boosted its holdings in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 271.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,899 shares of the shipping company’s stock after buying an additional 34,273 shares during the quarter. Barclays PLC owned approximately 0.10% of Pangaea Logistics Solutions worth $339,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in Pangaea Logistics Solutions by 14.1% during the second quarter. American Century Companies Inc. now owns 725,829 shares of the shipping company’s stock valued at $5,683,000 after purchasing an additional 89,570 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pangaea Logistics Solutions by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,853,611 shares of the shipping company’s stock worth $14,514,000 after buying an additional 112,298 shares during the period. Renaissance Technologies LLC lifted its position in shares of Pangaea Logistics Solutions by 4.6% in the second quarter. Renaissance Technologies LLC now owns 614,150 shares of the shipping company’s stock valued at $4,809,000 after acquiring an additional 26,750 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Pangaea Logistics Solutions in the second quarter worth about $381,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Pangaea Logistics Solutions during the second quarter worth about $270,000. Institutional investors own 60.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pangaea Logistics Solutions Stock Performance

Shares of NASDAQ PANL opened at $5.68 on Monday. Pangaea Logistics Solutions, Ltd. has a 52-week low of $4.82 and a 52-week high of $9.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05. The firm’s fifty day moving average is $5.57 and its two-hundred day moving average is $6.34. The company has a market cap of $266.39 million, a P/E ratio of 12.09 and a beta of 0.84.

Pangaea Logistics Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend was Friday, November 29th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 85.11%.

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.