According to Zacks, Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) announced the payment of a quarterly dividend on Tuesday, August 9th. The shipping company will distribute a dividend of 0.075 cents per share to those shareholders who are recorded as having ownership on Thursday, September 1st. This equates to a dividend payment of $0.30 per year and a yield of 5.80 percent. This equates to a dividend payment of $0.30 per year and a gain of 5.80 percent. This dividend has an ex-dividend date set for this coming Wednesday, August 30th. Pangaea Logistics Solutions has a dividend payout ratio of 22.6%, which indicates that the company’s profits will support the company’s dividend. Pangaea Logistics Solutions is projected to earn $2.12 per share in the future, allowing the company to meet the requirements necessary to pay its annual dividend of $0.30. The business’s predicted future payout ratio is 14.2%. On Tuesday, trading on the NASDAQ PANL began for $5.17.
The moving average price of the company over the past 50 days is $5.02, and over the past 200 days, it has been $5.27. The company has a price-to-earnings ratio of 2.65, a beta value of 0.66, and a market cap of $237.87 million. The price of Pangaea Logistics Solutions has ranged from $3.42 to $7.05 over the past year, with an all-time low of $3.42 and an all-time high of $7.05. The debt to equity ratio is 0.81, the quick ratio to the current ratio is 1.53, and the current ratio to the quick ratio is 1.97. The most recent quarterly earnings report for Pangaea Logistics Solutions (NASDAQ: PANL) was published on August 9th. Earnings per share for the quarter came in at $0.64, which was $0.27 more than the average estimate of $0.37 and a win for the shipping company. The revenue for the quarter came in at $195.54 million, which is significantly more than the consensus prediction of $180.79 million. The company’s net margin and its return on equity came in at 10.46% and 29.34%, respectively, for Pangaea Logistics Solutions. According to projections made by industry analysts, Pangaea According to projections made by industry analysts, Pangaea Logistics Solutions is expected to generate earnings of $2.05 per share for the current fiscal year. Recent events have resulted in significant investors altering or reducing the number of shares they possess in the corporation. During the first three months of 2018, Renaissance Technologies LLC increased its ownership stake in Pangaea Logistics Solutions by 119.7%. After purchasing an additional 187,400 shares during the most recent quarter, Renaissance Technologies LLC now has 343,900 shares of the transportation company’s stock, which is worth a total of $1,912,000. During the second quarter, Goldman Sachs Group Inc. increased the percentage of Pangaea Logistics Solutions in which it is invested by 752.5%. After purchasing an additional 97,918 shares during the most recent quarter, Goldman Sachs Group Inc. now holds 110,930 shares of the shipping company’s stock, which has an estimated value of $564,000. Cubist Systematic Strategies LLC increased its holdings in Pangaea Logistics Solutions by 121.6% during the second quarter of the fiscal year. Following the purchase of 84,466 additional shares in the shipping company during the most recent fiscal quarter, Cubist Systematic Strategies LLC now holds a total of 153,931 shares in the business, which has a value of $782,000. Pangaea Logistics Solutions was the beneficiary of a $467k increase in JPMorgan Chase & Co.’s holdings in the company. This was completed in the first three months of the year.
Last but certainly not least, during the first quarter, Dimensional Fund Advisors LP increased the percentage of Pangaea Logistics Solutions stock by 15.5%. Dimensional Fund Advisors LP now owns 471,438 shares of the shipping company’s stock after purchasing 63,395 additional shares during the most recent quarter. The value of the firm’s holdings in this stock is $2,621,000. Institutional investors hold the company’s claims to the extent of 44.83%. Pangaea Logistics Solutions shares were included in Alliance Global Partners’ coverage universe on August 3rd, a Wednesday. They recommended buying the stock and setting a price target at $7.50. Worldwide industrial clients can obtain seaborne dry bulk logistics and shipping services from Pangaea Logistics Solutions, Ltd. and its subsidiaries. The company sells a wide range of dry bulk products, such as grain, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company sells a wide range of dry bulk products, such as grain, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.