Wealth Enhancement Advisory Services LLC Takes $113,000 Position in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,630 shares of the shipping company’s stock, valued at approximately $113,000.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Pangaea Logistics Solutions by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,853,611 shares of the shipping company’s stock valued at $14,514,000 after buying an additional 112,298 shares during the last quarter. American Century Companies Inc. increased its position in Pangaea Logistics Solutions by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 725,829 shares of the shipping company’s stock valued at $5,683,000 after acquiring an additional 89,570 shares during the period. Vanguard Group Inc. raised its stake in Pangaea Logistics Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 701,875 shares of the shipping company’s stock valued at $4,892,000 after acquiring an additional 13,542 shares during the last quarter. Renaissance Technologies LLC lifted its position in Pangaea Logistics Solutions by 4.6% during the 2nd quarter. Renaissance Technologies LLC now owns 614,150 shares of the shipping company’s stock worth $4,809,000 after acquiring an additional 26,750 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Pangaea Logistics Solutions by 9.8% in the 2nd quarter. Acadian Asset Management LLC now owns 343,001 shares of the shipping company’s stock valued at $2,682,000 after purchasing an additional 30,689 shares during the last quarter. Institutional investors and hedge funds own 60.23% of the company’s stock.

Pangaea Logistics Solutions Stock Up 0.4 %

PANL stock opened at $6.77 on Wednesday. The stock has a market capitalization of $317.51 million, a PE ratio of 8.68 and a beta of 0.87. The company has a fifty day moving average of $6.58 and a 200-day moving average of $7.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.16. Pangaea Logistics Solutions, Ltd. has a one year low of $6.09 and a one year high of $9.52.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

About Pangaea Logistics Solutions

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.