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

Tower Research Capital LLC TRC grew its stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 245.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,142 shares of the shipping company’s stock after purchasing an additional 5,077 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Pangaea Logistics Solutions were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PANL. Janney Montgomery Scott LLC purchased a new stake in Pangaea Logistics Solutions in the 3rd quarter valued at approximately $357,000. SG Americas Securities LLC boosted its stake in shares of Pangaea Logistics Solutions by 39.2% in the third quarter. SG Americas Securities LLC now owns 50,369 shares of the shipping company’s stock valued at $296,000 after buying an additional 14,194 shares in the last quarter. WealthTrust Axiom LLC grew its holdings in Pangaea Logistics Solutions by 52.6% during the third quarter. WealthTrust Axiom LLC now owns 24,656 shares of the shipping company’s stock worth $145,000 after acquiring an additional 8,500 shares during the period. Annex Advisory Services LLC raised its position in Pangaea Logistics Solutions by 17.3% in the third quarter. Annex Advisory Services LLC now owns 51,018 shares of the shipping company’s stock worth $300,000 after acquiring an additional 7,517 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Pangaea Logistics Solutions in the third quarter valued at $108,000. Hedge funds and other institutional investors own 60.23% of the company’s stock.

Pangaea Logistics Solutions Price Performance

PANL stock traded up $0.21 during midday trading on Monday, hitting $7.21. 137,721 shares of the stock were exchanged, compared to its average volume of 312,158. The stock’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 1.82. The stock has a market cap of $336.85 million, a price-to-earnings ratio of 12.22 and a beta of 0.85. Pangaea Logistics Solutions, Ltd. has a fifty-two week low of $5.28 and a fifty-two week high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its quarterly earnings results on Wednesday, March 13th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.28). The firm had revenue of $131.88 million for the quarter, compared to analyst estimates of $152.31 million. Pangaea Logistics Solutions had a return on equity of 8.54% and a net margin of 5.27%. During the same period last year, the firm earned $0.32 EPS. Research analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.87 earnings per share for the current year.

Pangaea Logistics Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Thursday, February 29th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 67.80%.

Analysts Set New Price Targets

PANL has been the topic of a number of recent analyst reports. Alliance Global Partners cut shares of Pangaea Logistics Solutions from a “buy” rating to a “neutral” rating and set a $8.75 price target on the stock. in a research note on Monday, February 5th. StockNews.com lowered shares of Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a research report on Friday.

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.