Koss Olinger Consulting LLC Invests $105,000 in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL)

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

A number of other institutional investors and hedge funds have also modified their holdings of PANL. Commonwealth Equity Services LLC acquired a new stake in shares of Pangaea Logistics Solutions in the fourth quarter worth $55,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Pangaea Logistics Solutions in the fourth quarter worth $123,000. Barclays PLC raised its stake in Pangaea Logistics Solutions by 271.4% during the 3rd quarter. Barclays PLC now owns 46,899 shares of the shipping company’s stock valued at $339,000 after purchasing an additional 34,273 shares during the last quarter. Jane Street Group LLC raised its stake in Pangaea Logistics Solutions by 7.9% during the 3rd quarter. Jane Street Group LLC now owns 61,728 shares of the shipping company’s stock valued at $446,000 after purchasing an additional 4,499 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Pangaea Logistics Solutions by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 92,114 shares of the shipping company’s stock valued at $494,000 after purchasing an additional 2,916 shares during the last quarter. 60.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL opened at $5.50 on Thursday. The stock has a market cap of $357.29 million, a P/E ratio of 11.70 and a beta of 0.84. Pangaea Logistics Solutions, Ltd. has a one year low of $4.69 and a one year high of $8.32. The company has a fifty day moving average price of $5.28 and a 200 day moving average price of $5.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.05 and a quick ratio of 1.77.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.27%. The ex-dividend date was Friday, February 28th. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is presently 64.52%.

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.