$0.12 EPS Expected for Pangaea Logistics Solutions Ltd (NASDAQ:PANL) This Quarter

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Equities research analysts expect Pangaea Logistics Solutions Ltd (NASDAQ:PANL) to post $0.12 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Pangaea Logistics Solutions’ earnings. Pangaea Logistics Solutions posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to report its next earnings report on Wednesday, March 18th.

On average, analysts expect that Pangaea Logistics Solutions will report full-year earnings of $0.60 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $0.63 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Pangaea Logistics Solutions.

Several brokerages recently issued reports on PANL. TheStreet downgraded Pangaea Logistics Solutions from a “b-” rating to a “c+” rating in a report on Friday, November 29th. ValuEngine downgraded Pangaea Logistics Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.

A number of institutional investors have recently modified their holdings of PANL. Denali Advisors LLC grew its holdings in Pangaea Logistics Solutions by 4,803.5% during the 4th quarter. Denali Advisors LLC now owns 32,363 shares of the shipping company’s stock worth $95,000 after acquiring an additional 31,703 shares during the period. Creative Planning acquired a new stake in Pangaea Logistics Solutions during the 4th quarter worth about $162,000. BlackRock Inc. grew its holdings in Pangaea Logistics Solutions by 132.5% during the 2nd quarter. BlackRock Inc. now owns 56,094 shares of the shipping company’s stock worth $188,000 after acquiring an additional 31,969 shares during the period. VR Advisory Services Ltd grew its holdings in Pangaea Logistics Solutions by 1.1% during the 4th quarter. VR Advisory Services Ltd now owns 1,510,065 shares of the shipping company’s stock worth $4,455,000 after acquiring an additional 17,000 shares during the period. Finally, Rockland Trust Co. grew its holdings in Pangaea Logistics Solutions by 9.6% during the 4th quarter. Rockland Trust Co. now owns 10,204,963 shares of the shipping company’s stock worth $30,105,000 after acquiring an additional 898,077 shares during the period. Hedge funds and other institutional investors own 28.20% of the company’s stock.

NASDAQ:PANL traded up $0.02 during trading hours on Friday, hitting $2.93. 9,400 shares of the company were exchanged, compared to its average volume of 6,400. The stock has a market capitalization of $130.24 million, a price-to-earnings ratio of 8.14 and a beta of 0.21. The company has a current ratio of 1.28, a quick ratio of 1.08 and a debt-to-equity ratio of 0.62. Pangaea Logistics Solutions has a one year low of $2.71 and a one year high of $4.35. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $3.12.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.

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