Pangaea Logistics Solutions Ltd (PANL) Sees Large Decrease in Short Interest
Pangaea Logistics Solutions Ltd (NASDAQ:PANL) was the recipient of a large decline in short interest in the month of April. As of April 28th, there was short interest totalling 8,416 shares, a decline of 50.6% from the April 13th total of 17,036 shares. Based on an average daily volume of 18,739 shares, the short-interest ratio is presently 0.4 days.
Pangaea Logistics Solutions (NASDAQ:PANL) traded down 3.39% during mid-day trading on Monday, reaching $3.19. 61,995 shares of the company’s stock were exchanged. Pangaea Logistics Solutions has a 52-week low of $2.22 and a 52-week high of $4.44. The stock has a market cap of $118.86 million, a price-to-earnings ratio of 14.77 and a beta of 0.42. The company has a 50-day moving average of $3.36 and a 200-day moving average of $3.19.
Pangaea Logistics Solutions (NASDAQ:PANL) last posted its earnings results on Wednesday, May 10th. The shipping company reported $0.16 earnings per share for the quarter. The firm had revenue of $84.46 million during the quarter. Pangaea Logistics Solutions had a net margin of 1.14% and a return on equity of 4.73%. Equities research analysts anticipate that Pangaea Logistics Solutions will post ($0.02) earnings per share for the current year.
An institutional investor recently raised its position in Pangaea Logistics Solutions stock. RBF Capital LLC boosted its position in shares of Pangaea Logistics Solutions Ltd (NASDAQ:PANL) by 16.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,179 shares of the shipping company’s stock after buying an additional 16,630 shares during the period. RBF Capital LLC owned 0.33% of Pangaea Logistics Solutions worth $400,000 as of its most recent SEC filing. Institutional investors own 28.59% of the company’s stock.
Pangaea Logistics Solutions Company Profile
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
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