Jump Financial LLC Buys Shares of 36,700 Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Jump Financial LLC purchased a new position in shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,700 shares of the shipping company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PANL. Janney Montgomery Scott LLC bought a new stake in Pangaea Logistics Solutions during the 3rd quarter worth approximately $357,000. Bailard Inc. acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth $262,000. Bank of New York Mellon Corp raised its position in Pangaea Logistics Solutions by 21.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 125,158 shares of the shipping company’s stock worth $736,000 after purchasing an additional 22,005 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Pangaea Logistics Solutions during the 3rd quarter worth about $108,000. Finally, BNP Paribas Financial Markets grew its position in shares of Pangaea Logistics Solutions by 85.8% in the 4th quarter. BNP Paribas Financial Markets now owns 38,478 shares of the shipping company’s stock valued at $317,000 after buying an additional 17,769 shares during the last quarter. Institutional investors and hedge funds own 60.23% of the company’s stock.

Analysts Set New Price Targets

PANL has been the subject of a number of analyst reports. Alliance Global Partners upgraded Pangaea Logistics Solutions from a “neutral” rating to a “buy” rating and set a $10.25 price objective for the company in a research report on Monday, May 13th. StockNews.com upgraded shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 10th.

Pangaea Logistics Solutions Price Performance

PANL stock opened at $7.84 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 0.54. The firm has a market cap of $367.23 million, a price-to-earnings ratio of 10.32 and a beta of 0.81. The company’s fifty day simple moving average is $7.15 and its 200 day simple moving average is $7.66. Pangaea Logistics Solutions, Ltd. has a 12-month low of $5.28 and a 12-month high of $9.52.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Pangaea Logistics Solutions had a return on equity of 8.86% and a net margin of 7.04%. The firm had revenue of $104.75 million during the quarter, compared to analyst estimates of $117.47 million. During the same period last year, the company posted $0.11 EPS. On average, analysts expect that Pangaea Logistics Solutions, Ltd. will post 0.73 earnings per share for the current year.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, May 30th. Pangaea Logistics Solutions’s payout ratio is 52.63%.

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.