B. Riley Issues Pessimistic Outlook for PANL Earnings

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) - Equities researchers at B. Riley cut their Q1 2025 earnings per share (EPS) estimates for shares of Pangaea Logistics Solutions in a research note issued to investors on Thursday, April 24th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of ($0.15) per share for the quarter, down from their previous forecast of ($0.09). The consensus estimate for Pangaea Logistics Solutions' current full-year earnings is $0.43 per share. B. Riley also issued estimates for Pangaea Logistics Solutions' Q2 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.02) EPS.

Separately, StockNews.com upgraded Pangaea Logistics Solutions from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th.

Pangaea Logistics Solutions Trading Up 1.1 %

NASDAQ:PANL traded up $0.05 on Monday, hitting $4.16. The stock had a trading volume of 31,515 shares, compared to its average volume of 190,445. The company has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $5.32. The stock has a market cap of $272.68 million, a price-to-earnings ratio of 8.87 and a beta of 0.63. The company has a quick ratio of 1.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.72. Pangaea Logistics Solutions has a 1-year low of $3.93 and a 1-year high of $8.32.

Pangaea Logistics Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.63%. The ex-dividend date of this dividend was Friday, February 28th. Pangaea Logistics Solutions's dividend payout ratio (DPR) is presently 64.52%.

Institutional Trading of Pangaea Logistics Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Pangaea Logistics Solutions in the first quarter valued at $59,000. Wealth Enhancement Advisory Services LLC grew its position in Pangaea Logistics Solutions by 15.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,552 shares of the shipping company's stock valued at $88,000 after acquiring an additional 2,551 shares in the last quarter. Relyea Zuckerberg Hanson LLC purchased a new stake in Pangaea Logistics Solutions during the first quarter worth about $110,000. Wellington Management Group LLP increased its stake in Pangaea Logistics Solutions by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock worth $8,559,000 after purchasing an additional 105,200 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Pangaea Logistics Solutions by 220.2% during the fourth quarter. Mackenzie Financial Corp now owns 63,727 shares of the shipping company's stock worth $342,000 after purchasing an additional 43,823 shares in the last quarter. Hedge funds and other institutional investors own 60.23% of the company's stock.

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.