Tower Research Capital LLC TRC Raises Stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Tower Research Capital LLC TRC lifted its stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 245.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,142 shares of the shipping company’s stock after purchasing an additional 5,077 shares during the period. Tower Research Capital LLC TRC’s holdings in Pangaea Logistics Solutions were worth $59,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. purchased a new position in shares of Pangaea Logistics Solutions during the third quarter valued at $76,000. Quadrature Capital Ltd purchased a new position in Pangaea Logistics Solutions during the 3rd quarter valued at about $108,000. Brandywine Global Investment Management LLC raised its holdings in shares of Pangaea Logistics Solutions by 11.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 21,878 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 2,180 shares in the last quarter. WealthTrust Axiom LLC lifted its position in shares of Pangaea Logistics Solutions by 52.6% in the 3rd quarter. WealthTrust Axiom LLC now owns 24,656 shares of the shipping company’s stock worth $145,000 after purchasing an additional 8,500 shares during the period. Finally, Bailard Inc. bought a new position in shares of Pangaea Logistics Solutions during the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 60.23% of the company’s stock.

Pangaea Logistics Solutions Stock Performance

NASDAQ PANL traded up $0.21 on Monday, hitting $7.21. 137,721 shares of the company’s stock traded hands, compared to its average volume of 312,158. The company has a current ratio of 1.82, a quick ratio of 1.66 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $7.46. Pangaea Logistics Solutions, Ltd. has a 1-year low of $5.28 and a 1-year high of $9.52. The firm has a market capitalization of $336.85 million, a PE ratio of 12.22 and a beta of 0.85.

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

Pangaea Logistics Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.10 per share. 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 payout ratio is 67.80%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PANL shares. StockNews.com lowered Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Alliance Global Partners lowered shares of Pangaea Logistics Solutions from a “buy” rating to a “neutral” rating and set a $8.75 price objective for the company. in a research note on Monday, February 5th.

Pangaea Logistics Solutions 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.