1 day Ago By Defense World Staff
Arrowstreet Capital Limited Partnership lowered its holdings in Pangaea Logistics Solutions, Ltd. ( NASDAQ:PANL – Free Report ) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 160,694 shares of the shipping company’s stock after selling 14,556 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.25% of Pangaea Logistics Solutions worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of PANL. Commonwealth Equity Services LLC purchased a new stake in Pangaea Logistics Solutions in the fourth quarter worth approximately $55,000. Virtu Financial LLC bought a new position in shares of Pangaea Logistics Solutions during the 4th quarter valued at $59,000.
Koss Olinger Consulting LLC purchased a new position in shares of Pangaea Logistics Solutions in the 4th quarter worth $105,000. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Pangaea Logistics Solutions in the fourth quarter worth $123,000.
Finally, Barclays PLC increased its position in Pangaea Logistics Solutions by 271.4% during the third quarter. Barclays PLC now owns 46,899 shares of the shipping company’s stock valued at $339,000 after acquiring an additional 34,273 shares during the last quarter.
60.23% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Separately, StockNews.
com upgraded Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Pangaea Logistics Solutions Stock Up 1.9 % PANL opened at $4.
30 on Friday. Pangaea Logistics Solutions, Ltd. has a 1-year low of $3.
93 and a 1-year high of $8.32. The firm’s 50 day simple moving average is $4.
97 and its two-hundred day simple moving average is $5.58. The company has a current ratio of 2.
05, a quick ratio of 1.77 and a debt-to-equity ratio of 0.72.
The company has a market capitalization of $282.20 million, a PE ratio of 9.15 and a beta of 0.
68. Pangaea Logistics Solutions Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.
10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.
40 annualized dividend and a yield of 9.30%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 64.
52%. Pangaea Logistics Solutions Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Pangaea Logistics Solutions What is the NASDAQ Stock Exchange? Robinhood Strategies Could Be a Game-Changer for Young Investors What Investors Need to Know to Beat the Market Are These 3 Retail Stocks Oversold or Really in Trouble? Investing In Automotive Stocks IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Want to see what other hedge funds are holding PANL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pangaea Logistics Solutions, Ltd.
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