FY2022 EPS Estimates for Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Cut by B. Riley
Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL – Get Rating) – Equities researchers at B. Riley decreased their FY2022 earnings per share (EPS) estimates for shares of Pangaea Logistics Solutions in a note issued to investors on Thursday, November 10th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $1.87 per share for the year, down from their previous estimate of $2.05. The consensus estimate for Pangaea Logistics Solutions’ current full-year earnings is $1.87 per share. B. Riley also issued estimates for Pangaea Logistics Solutions’ Q4 2022 earnings at $0.36 EPS.
Several other research firms have also weighed in on PANL. StockNews.com upgraded Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research note on Friday. Alliance Global Partners initiated coverage on Pangaea Logistics Solutions in a research report on Wednesday, August 3rd. They set a “buy” rating and a $7.50 price target on the stock.
Pangaea Logistics Solutions Trading Up 3.5 %
PANL stock opened at $5.07 on Monday. Pangaea Logistics Solutions has a 1-year low of $3.42 and a 1-year high of $7.05. The firm has a market cap of $232.83 million, a P/E ratio of 2.86 and a beta of 0.67. The business’s 50 day moving average is $4.81 and its 200-day moving average is $5.15. The company has a current ratio of 1.97, a quick ratio of 1.53 and a debt-to-equity ratio of 0.81.
Institutional Investors Weigh In On Pangaea Logistics Solutions
A number of large investors have recently bought and sold shares of PANL. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Pangaea Logistics Solutions during the 1st quarter worth approximately $1,416,000. EAM Investors LLC bought a new position in Pangaea Logistics Solutions in the 1st quarter valued at $1,360,000. Dimensional Fund Advisors LP boosted its position in Pangaea Logistics Solutions by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 896,491 shares of the shipping company’s stock valued at $4,142,000 after buying an additional 210,891 shares during the last quarter. Renaissance Technologies LLC boosted its position in Pangaea Logistics Solutions by 119.7% in the 1st quarter. Renaissance Technologies LLC now owns 343,900 shares of the shipping company’s stock valued at $1,912,000 after buying an additional 187,400 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Pangaea Logistics Solutions by 23.1% in the 1st quarter. Acadian Asset Management LLC now owns 959,557 shares of the shipping company’s stock valued at $5,333,000 after buying an additional 180,035 shares during the last quarter. 44.83% of the stock is currently owned by institutional investors.
Pangaea Logistics Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 30th. This is a positive change from Pangaea Logistics Solutions’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 7.89%. Pangaea Logistics Solutions’s dividend payout ratio is 16.95%.
About Pangaea Logistics Solutions
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, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Pangaea Logistics Solutions, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pangaea Logistics Solutions wasn’t on the list.
While Pangaea Logistics Solutions currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here