Barclays PLC Acquires 34,273 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Barclays PLC increased its holdings in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) by 271.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 46,899 shares of the shipping company’s stock after buying an additional 34,273 shares during the period. Barclays PLC’s holdings in Pangaea Logistics Solutions were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of 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 in the last quarter. Royce & Associates LP grew its holdings in shares of Pangaea Logistics Solutions by 2.1% in the third quarter. Royce & Associates LP now owns 774,452 shares of the shipping company’s stock valued at $5,599,000 after acquiring an additional 16,207 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Pangaea Logistics Solutions by 14.1% in the second quarter. American Century Companies Inc. now owns 725,829 shares of the shipping company’s stock valued at $5,683,000 after acquiring an additional 89,570 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Pangaea Logistics Solutions by 4.6% in the second quarter. Renaissance Technologies LLC now owns 614,150 shares of the shipping company’s stock valued at $4,809,000 after acquiring an additional 26,750 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Pangaea Logistics Solutions by 0.8% in the third quarter. State Street Corp now owns 577,110 shares of the shipping company’s stock valued at $4,173,000 after acquiring an additional 4,564 shares in the last quarter. 60.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Pangaea Logistics Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Pangaea Logistics Solutions Price Performance

Shares of NASDAQ PANL opened at $5.60 on Friday. The stock has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $6.51. Pangaea Logistics Solutions, Ltd. has a 1-year low of $4.82 and a 1-year high of $9.52. The firm has a market cap of $262.65 million, a price-to-earnings ratio of 11.92 and a beta of 0.84. The company has a current ratio of 2.05, a quick ratio of 1.77 and a debt-to-equity ratio of 0.72.

Pangaea Logistics Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.14%. The ex-dividend date was Friday, November 29th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is 85.11%.

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.