2 days Ago By Defense World Staff
Commonwealth Equity Services LLC bought a new position in Pangaea Logistics Solutions, Ltd. ( NASDAQ:PANL – Free Report ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,224 shares of the shipping company’s stock, valued at approximately $55,000.
Several other institutional investors have also recently bought and sold shares of PANL. Bank of New York Mellon Corp raised its stake in shares of Pangaea Logistics Solutions by 3.3% during the fourth quarter.
Bank of New York Mellon Corp now owns 92,114 shares of the shipping company’s stock worth $494,000 after buying an additional 2,916 shares during the last quarter. Empowered Funds LLC lifted its stake in Pangaea Logistics Solutions by 5.1% in the fourth quarter.
Empowered Funds LLC now owns 356,068 shares of the shipping company’s stock valued at $1,909,000 after buying an additional 17,389 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Pangaea Logistics Solutions in the 4th quarter valued at $123,000.
Barclays PLC lifted its holdings in shares of Pangaea Logistics Solutions by 271.4% in the third quarter. Barclays PLC now owns 46,899 shares of the shipping company’s stock valued at $339,000 after purchasing an additional 34,273 shares in the last quarter.
Finally, Geode Capital Management LLC boosted its position in Pangaea Logistics Solutions by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 837,827 shares of the shipping company’s stock worth $6,059,000 after acquiring an additional 60,841 shares during the last quarter.
Institutional investors own 60.23% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com raised Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Pangaea Logistics Solutions Price Performance NASDAQ:PANL opened at $4.30 on Friday.
The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.
72. Pangaea Logistics Solutions, Ltd. has a 12-month low of $3.
93 and a 12-month high of $8.32. The stock’s 50 day moving average price is $4.
97 and its two-hundred day moving average price is $5.58. The firm has a market capitalization of $282.
20 million, a price-to-earnings ratio of 9.15 and a beta of 0.68.
Pangaea Logistics Solutions Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share.
The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 9.
30%. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is 64.52%.
About Pangaea Logistics Solutions ( 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.
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