Pangaea Logistics Solutions (NASDAQ:PANL) Trading Up 5.3% – Should You Buy?

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL)’s stock price shot up 5.3% during trading on Wednesday . The company traded as high as $8.79 and last traded at $8.55. 569,555 shares were traded during trading, a decline of 18% from the average session volume of 697,848 shares. The stock had previously closed at $8.12.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PANL shares. B. Riley reiterated a “buy” rating on shares of Pangaea Logistics Solutions in a research report on Wednesday. Zacks Research cut Pangaea Logistics Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pangaea Logistics Solutions in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Pangaea Logistics Solutions has a consensus rating of “Hold” and a consensus price target of $9.00.

Pangaea Logistics Solutions Stock Up 3.9%

The firm has a 50-day simple moving average of $7.06 and a 200 day simple moving average of $5.85. The stock has a market capitalization of $548.35 million, a P/E ratio of 28.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.62 and a quick ratio of 1.35.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Thursday, November 6th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. Pangaea Logistics Solutions had a net margin of 2.67% and a return on equity of 3.26%. The business had revenue of $168.67 million during the quarter, compared to analyst estimates of $159.32 million. On average, equities research analysts forecast that Pangaea Logistics Solutions Ltd. will post 0.43 EPS for the current year.

Pangaea Logistics Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.20 annualized dividend and a yield of 2.4%. Pangaea Logistics Solutions’s payout ratio is presently 66.67%.

Institutional Trading of Pangaea Logistics Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. acquired a new position in shares of Pangaea Logistics Solutions during the second quarter valued at about $732,000. First Trust Advisors LP bought a new stake in Pangaea Logistics Solutions during the 3rd quarter worth approximately $532,000. Dimensional Fund Advisors LP raised its stake in shares of Pangaea Logistics Solutions by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,432,754 shares of the shipping company’s stock worth $12,359,000 after purchasing an additional 86,281 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Pangaea Logistics Solutions by 231.2% in the second quarter. Jane Street Group LLC now owns 62,799 shares of the shipping company’s stock valued at $295,000 after purchasing an additional 43,838 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Pangaea Logistics Solutions during the third quarter valued at approximately $209,000. 60.23% of the stock is currently owned by institutional investors.

About Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.