Pangaea Logistics Solutions (NASDAQ:PANL) Downgraded to “Sell” Rating by StockNews.com

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

Pangaea Logistics Solutions Stock Up 0.6 %

PANL stock opened at $5.46 on Monday. The stock has a market capitalization of $354.69 million, a P/E ratio of 11.62 and a beta of 0.84. The firm has a 50-day simple moving average of $5.27 and a 200-day simple moving average of $5.83. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions has a 52 week low of $4.69 and a 52 week high of $8.32.

Pangaea Logistics Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 7.33%. Pangaea Logistics Solutions’s dividend payout ratio is presently 64.52%.

Institutional Trading of Pangaea Logistics Solutions

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in Pangaea Logistics Solutions by 469.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the shipping company’s stock valued at $48,000 after acquiring an additional 7,412 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Pangaea Logistics Solutions during the 4th quarter valued at about $54,000. Commonwealth Equity Services LLC purchased a new stake in Pangaea Logistics Solutions during the 4th quarter valued at about $55,000. Jacobs Levy Equity Management Inc. purchased a new stake in Pangaea Logistics Solutions during the 4th quarter valued at about $59,000. Finally, Virtu Financial LLC purchased a new stake in Pangaea Logistics Solutions during the 4th quarter valued at about $59,000. 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.