Pangaea Logistics Solutions Ltd. (PANL) Releases Earnings Results
Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) posted its quarterly earnings results on Monday. The shipping company reported $0.01 earnings per share (EPS) for the quarter, Morningstar.com reports. Pangaea Logistics Solutions had a net margin of 2.73% and a return on equity of 6.74%.
Shares of Pangaea Logistics Solutions (NASDAQ PANL) opened at 2.61 on Tuesday. The company has a 50 day moving average of $2.72 and a 200-day moving average of $3.09. The firm has a market cap of $97.25 million, a PE ratio of 12.08 and a beta of 0.37. Pangaea Logistics Solutions has a 12-month low of $2.25 and a 12-month high of $4.44.
An institutional investor recently raised its position in Pangaea Logistics Solutions stock. RBF Capital LLC boosted its stake in shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,179 shares of the shipping company’s stock after buying an additional 16,630 shares during the period. RBF Capital LLC owned about 0.33% of Pangaea Logistics Solutions worth $400,000 as of its most recent filing with the SEC. 25.18% of the stock is owned by hedge funds and other institutional investors.
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Pangaea Logistics Solutions Company Profile
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
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