Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 469.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,991 shares of the shipping company’s stock after acquiring an additional 7,412 shares during the period. Tower Research Capital LLC TRC’s holdings in Pangaea Logistics Solutions were worth $48,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PANL. Commonwealth Equity Services LLC acquired a new stake in Pangaea Logistics Solutions during the 4th quarter valued at approximately $55,000. Virtu Financial LLC acquired a new stake in Pangaea Logistics Solutions during the 4th quarter valued at approximately $59,000. Wells Fargo & Company MN lifted its stake in Pangaea Logistics Solutions by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 18,396 shares of the shipping company’s stock valued at $99,000 after acquiring an additional 4,007 shares during the period. Koss Olinger Consulting LLC acquired a new stake in Pangaea Logistics Solutions during the 4th quarter valued at approximately $105,000. Finally, MetLife Investment Management LLC lifted its stake in Pangaea Logistics Solutions by 99.0% during the 4th quarter. MetLife Investment Management LLC now owns 19,647 shares of the shipping company’s stock valued at $105,000 after acquiring an additional 9,773 shares during the period. 60.23% of the stock is currently owned by institutional investors and hedge funds.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL opened at $4.42 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77. The firm has a market cap of $290.08 million, a price-to-earnings ratio of 9.40 and a beta of 0.63. The company has a 50 day moving average price of $4.54 and a 200-day moving average price of $5.20. Pangaea Logistics Solutions, Ltd. has a 1-year low of $3.93 and a 1-year high of $8.32.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its earnings results on Monday, May 12th. The shipping company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. The firm had revenue of $122.80 million during the quarter, compared to analyst estimates of $130.37 million. Pangaea Logistics Solutions had a net margin of 4.14% and a return on equity of 7.88%. During the same period in the previous year, the firm earned $0.14 EPS. Equities research analysts forecast that Pangaea Logistics Solutions, Ltd. will post 0.43 EPS for the current year.

Pangaea Logistics Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend was Friday, February 28th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is 64.52%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th.

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.