Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 301,100 shares, a decrease of 20.7% from the June 30th total of 379,600 shares. Based on an average daily trading volume, of 155,900 shares, the short-interest ratio is currently 1.9 days. Approximately 1.0% of the shares of the stock are short sold.
Analyst Ratings Changes
Several brokerages have recently weighed in on PANL. Alliance Global Partners upgraded Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price target on the stock in a research report on Monday, May 13th. StockNews.com cut Pangaea Logistics Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th.
Get Our Latest Research Report on PANL
Institutional Inflows and Outflows
Pangaea Logistics Solutions Price Performance
Shares of NASDAQ PANL traded up $0.02 during midday trading on Friday, hitting $7.30. 100,602 shares of the company’s stock were exchanged, compared to its average volume of 145,761. Pangaea Logistics Solutions has a 12-month low of $5.28 and a 12-month high of $9.52. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $7.76. The company has a market cap of $342.37 million, a price-to-earnings ratio of 9.61 and a beta of 0.88.
Pangaea Logistics Solutions (NASDAQ:PANL – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The shipping company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Pangaea Logistics Solutions had a net margin of 7.04% and a return on equity of 8.86%. The business had revenue of $104.75 million for the quarter, compared to analysts’ expectations of $117.47 million. During the same period last year, the business earned $0.11 earnings per share. As a group, research analysts forecast that Pangaea Logistics Solutions will post 0.73 EPS for the current fiscal year.
Pangaea Logistics Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Thursday, May 30th. Pangaea Logistics Solutions’s dividend payout ratio is 52.63%.
About Pangaea Logistics Solutions
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.
Recommended Stories
- Five stocks we like better than Pangaea Logistics Solutions
- Why Invest in 5G? How to Invest in 5G Stocks
- Is Crypto Cool Again? What Stocks You Should Be Watching
- 3 Healthcare Dividend Stocks to Buy
- Why Call Options Volume for These 2 Stocks Spiked Together
- What is a Special Dividend?
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Pangaea Logistics Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pangaea Logistics Solutions and related companies with MarketBeat.com's FREE daily email newsletter.