StockNews.com began coverage on shares of Pangaea Logistics Solutions (NASDAQ:PANL – Get Rating) in a research note issued to investors on Thursday. The firm issued a buy rating on the shipping company’s stock.
Pangaea Logistics Solutions Trading Down 3.7 %
NASDAQ PANL opened at $5.53 on Thursday. The company has a 50-day moving average of $6.12 and a 200-day moving average of $5.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.41 and a quick ratio of 2.11. Pangaea Logistics Solutions has a 12 month low of $4.23 and a 12 month high of $7.12. The company has a market cap of $257.03 million, a P/E ratio of 3.12 and a beta of 0.73.
Pangaea Logistics Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 7.23%. Pangaea Logistics Solutions’s payout ratio is 22.60%.
Institutional Investors Weigh In On Pangaea Logistics Solutions
About Pangaea Logistics Solutions
Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The firm services customers that require transportation of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
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