Koss Olinger Consulting LLC Purchases Shares of 19,516 Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

Koss Olinger Consulting LLC purchased a new stake in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,516 shares of the shipping company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royce & Associates LP increased its holdings in Pangaea Logistics Solutions by 24.0% in the 4th quarter. Royce & Associates LP now owns 960,102 shares of the shipping company’s stock valued at $5,146,000 after buying an additional 185,650 shares during the period. Geode Capital Management LLC grew its holdings in shares of Pangaea Logistics Solutions by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 837,827 shares of the shipping company’s stock worth $6,059,000 after purchasing an additional 60,841 shares during the last quarter. State Street Corp grew its holdings in shares of Pangaea Logistics Solutions by 0.8% in the 3rd quarter. State Street Corp now owns 577,110 shares of the shipping company’s stock worth $4,173,000 after purchasing an additional 4,564 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Pangaea Logistics Solutions by 5.1% in the 4th quarter. Empowered Funds LLC now owns 356,068 shares of the shipping company’s stock worth $1,909,000 after purchasing an additional 17,389 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Pangaea Logistics Solutions by 16.7% in the 3rd quarter. Victory Capital Management Inc. now owns 142,917 shares of the shipping company’s stock worth $1,033,000 after purchasing an additional 20,498 shares during the last quarter. Institutional investors own 60.23% of the company’s stock.

Pangaea Logistics Solutions Stock Down 2.0 %

PANL opened at $5.50 on Thursday. The firm’s 50-day simple moving average is $5.28 and its 200-day simple moving average is $5.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.05. Pangaea Logistics Solutions, Ltd. has a twelve month low of $4.69 and a twelve month high of $8.32. The firm has a market cap of $357.29 million, a price-to-earnings ratio of 11.70 and a beta of 0.84.

Pangaea Logistics Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Friday, February 28th. Pangaea Logistics Solutions’s dividend payout ratio is currently 64.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Pangaea Logistics Solutions from a “hold” rating to a “sell” rating in a report on Monday.

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. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.