Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Pangaea Logistics Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, March 27th. Finally, Noble Financial restated a “buy” rating and set a $5.50 price objective on shares of Pangaea Logistics Solutions in a report on Friday, March 22nd.
Shares of NASDAQ PANL opened at $3.23 on Wednesday. The company has a market cap of $145.08 million, a P/E ratio of 6.09 and a beta of 0.32. The company has a quick ratio of 1.19, a current ratio of 1.44 and a debt-to-equity ratio of 0.60. Pangaea Logistics Solutions has a 52-week low of $2.78 and a 52-week high of $3.90.
Several institutional investors have recently added to or reduced their stakes in PANL. Dimensional Fund Advisors LP boosted its holdings in shares of Pangaea Logistics Solutions by 85.3% in the third quarter. Dimensional Fund Advisors LP now owns 81,195 shares of the shipping company’s stock valued at $284,000 after buying an additional 37,370 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Pangaea Logistics Solutions in the third quarter valued at approximately $111,000. Finally, Price Wealth Management Inc. acquired a new position in shares of Pangaea Logistics Solutions in the fourth quarter valued at approximately $45,000. Institutional investors own 26.72% of the company’s stock.
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. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
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