131,732 Shares in Pangaea Logistics Solutions Ltd. $PANL Purchased by Sei Investments Co.

Sei Investments Co. bought a new stake in shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 131,732 shares of the shipping company’s stock, valued at approximately $933,000. Sei Investments Co. owned 0.20% of Pangaea Logistics Solutions as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Pangaea Logistics Solutions by 13.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,884,470 shares of the shipping company’s stock valued at $20,421,000 after purchasing an additional 351,385 shares during the period. BNP Paribas Financial Markets raised its position in shares of Pangaea Logistics Solutions by 89.9% during the third quarter. BNP Paribas Financial Markets now owns 6,050 shares of the shipping company’s stock valued at $31,000 after buying an additional 2,864 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Pangaea Logistics Solutions in the third quarter worth $532,000. Tower Research Capital LLC TRC boosted its position in shares of Pangaea Logistics Solutions by 110.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,211 shares of the shipping company’s stock worth $43,000 after acquiring an additional 4,825 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Pangaea Logistics Solutions by 54.7% in the 2nd quarter. Tidal Investments LLC now owns 28,149 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 9,953 shares during the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PANL. Weiss Ratings downgraded Pangaea Logistics Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised Pangaea Logistics Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Pangaea Logistics Solutions Stock Up 5.4%

Shares of NASDAQ:PANL opened at $7.28 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. Pangaea Logistics Solutions Ltd. has a 12 month low of $4.54 and a 12 month high of $9.39. The company has a 50-day moving average price of $7.23 and a 200 day moving average price of $7.70. The company has a market cap of $476.62 million, a price-to-earnings ratio of 9.71 and a beta of 0.79.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings data on Monday, August 10th. The shipping company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $187.12 million for the quarter, compared to analysts’ expectations of $192.76 million. Pangaea Logistics Solutions had a return on equity of 9.52% and a net margin of 6.70%. As a group, equities research analysts predict that Pangaea Logistics Solutions Ltd. will post 0.81 earnings per share for the current year.

Pangaea Logistics Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.10 dividend. This is a boost from Pangaea Logistics Solutions’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 1st. Pangaea Logistics Solutions’s dividend payout ratio is 36.36%.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.