Pangaea Logistics Solutions (NASDAQ:PANL) Upgraded at StockNews.com

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

NASDAQ PANL opened at $6.37 on Thursday. The firm has a market cap of $298.77 million, a P/E ratio of 8.38 and a beta of 0.86. Pangaea Logistics Solutions has a 52-week low of $5.74 and a 52-week high of $9.52. The business's 50-day moving average price is $6.65 and its 200 day moving average price is $7.14. The company has a quick ratio of 1.82, a current ratio of 2.16 and a debt-to-equity ratio of 0.57.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The shipping company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Pangaea Logistics Solutions had a return on equity of 8.76% and a net margin of 7.02%. The company had revenue of $131.50 million for the quarter, compared to analysts' expectations of $98.09 million. During the same quarter last year, the company earned $0.10 EPS. On average, equities research analysts expect that Pangaea Logistics Solutions will post 0.76 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Pangaea Logistics Solutions by 131.7% in the 2nd quarter. AQR Capital Management LLC now owns 265,177 shares of the shipping company's stock valued at $2,076,000 after buying an additional 150,713 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Pangaea Logistics Solutions by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,853,611 shares of the shipping company's stock valued at $14,514,000 after acquiring an additional 112,298 shares during the period. American Century Companies Inc. boosted its position in shares of Pangaea Logistics Solutions by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 725,829 shares of the shipping company's stock worth $5,683,000 after purchasing an additional 89,570 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Pangaea Logistics Solutions during the 1st quarter worth $425,000. Finally, Marshall Wace LLP purchased a new position in shares of Pangaea Logistics Solutions in the 2nd quarter valued at about $381,000. Hedge funds and other institutional investors own 60.23% of the company's stock.

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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