Marshall Wace LLP Makes New $381,000 Investment in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Marshall Wace LLP acquired a new stake in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,636 shares of the shipping company’s stock, valued at approximately $381,000. Marshall Wace LLP owned approximately 0.10% of Pangaea Logistics Solutions as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in Pangaea Logistics Solutions during the 4th quarter valued at $35,000. Lazard Asset Management LLC bought a new position in Pangaea Logistics Solutions in the 1st quarter valued at about $61,000. Hillsdale Investment Management Inc. acquired a new position in Pangaea Logistics Solutions during the 1st quarter valued at about $114,000. Principal Financial Group Inc. bought a new stake in Pangaea Logistics Solutions during the 1st quarter worth approximately $157,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Pangaea Logistics Solutions by 50.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,998 shares of the shipping company’s stock worth $196,000 after purchasing an additional 9,352 shares in the last quarter. 60.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a report on Wednesday.

Pangaea Logistics Solutions Stock Performance

NASDAQ PANL opened at $6.63 on Friday. The company has a fifty day moving average price of $6.66 and a 200-day moving average price of $7.15. The firm has a market cap of $310.96 million, a price-to-earnings ratio of 8.72 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.16 and a quick ratio of 1.82. Pangaea Logistics Solutions, Ltd. has a 1 year low of $5.74 and a 1 year high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Thursday, August 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. The firm had revenue of $131.50 million during the quarter, compared to the consensus estimate of $98.09 million. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.76 EPS for the current fiscal year.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 6.03%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is currently 52.63%.

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.