Pangaea Logistics Solutions (PANL) Lowered to Sell at ValuEngine

Pangaea Logistics Solutions (NASDAQ:PANL) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

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.



Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Wednesday, March 20th. The shipping company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $101.83 million during the quarter, compared to analysts’ expectations of $100.02 million. Pangaea Logistics Solutions had a net margin of 4.76% and a return on equity of 10.19%. During the same quarter in the previous year, the company earned $0.09 earnings per share. As a group, equities research analysts predict that Pangaea Logistics Solutions will post 0.66 earnings per share for the current year.

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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