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

Pangaea Logistics Solutions (NASDAQ:PANL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Pangaea Logistics Solutions Stock Down 2.1 %

Shares of PANL stock opened at $5.24 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05. The stock has a market cap of $343.89 million, a PE ratio of 11.15 and a beta of 0.84. The business’s fifty day moving average is $5.27 and its 200-day moving average is $5.79. Pangaea Logistics Solutions has a 1 year low of $4.69 and a 1 year high of $8.32.

Hedge Funds Weigh In On Pangaea Logistics Solutions

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Pangaea Logistics Solutions by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company’s stock valued at $11,044,000 after purchasing an additional 105,965 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Pangaea Logistics Solutions by 7.1% during the 4th quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company’s stock valued at $8,559,000 after acquiring an additional 105,200 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Pangaea Logistics Solutions by 24.0% during the 4th quarter. Royce & Associates LP now owns 960,102 shares of the shipping company’s stock worth $5,146,000 after acquiring an additional 185,650 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Pangaea Logistics Solutions by 12.4% in the 4th quarter. American Century Companies Inc. now owns 928,044 shares of the shipping company’s stock worth $4,974,000 after acquiring an additional 102,653 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Pangaea Logistics Solutions by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 851,931 shares of the shipping company’s stock worth $4,568,000 after acquiring an additional 14,104 shares during the last quarter. Institutional investors own 60.23% of the company’s stock.

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.