Pangaea Logistics Solutions (PANL) Stock Forecast, Price & News

Pangaea Logistics Solutions' stock was trading at $5.15 on January 1st, 2023. Since then, PANL stock has increased by 15.0% and is now trading at $5.92.
View the best growth stocks for 2023 here.

Pangaea Logistics Solutions saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,030,000 shares, a drop of 14.2% from the August 31st total of 1,200,000 shares. Based on an average daily volume of 191,200 shares, the days-to-cover ratio is presently 5.4 days. Currently, 3.9% of the shares of the company are sold short.
View Pangaea Logistics Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) released its earnings results on Wednesday, August, 9th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by $0.03. The shipping company had revenue of $118.08 million for the quarter, compared to analysts' expectations of $118.64 million. Pangaea Logistics Solutions had a trailing twelve-month return on equity of 13.04% and a net margin of 7.46%. During the same period last year, the business earned $0.64 EPS.

Pangaea Logistics Solutions declared a quarterly dividend on Monday, August 7th. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share on Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for PANL.

SonicShares Global Shipping ETF holds 8,995 shares of PANL stock, representing 0.32% of its portfolio.

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 6.80%. PANL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 63.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PANL.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pangaea Logistics Solutions investors own include Enterprise Products Partners (EPD), Philip Morris International (PM), Ventas (VTR), AcelRx Pharmaceuticals (ACRX), Allena Pharmaceuticals (ALNA), Amarin (AMRN), Abraxas Petroleum (AXAS), Kimco Realty (KIM), Zevra Therapeutics (KMPH) and Occidental Petroleum (OXY).

Pangaea Logistics Solutions trades on the NASDAQ under the ticker symbol "PANL."

Shares of PANL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PANL stock can currently be purchased for approximately $5.92.

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $275.10 million and generates $699.71 million in revenue each year. The shipping company earns $79.49 million in net income (profit) each year or $0.90 on an earnings per share basis.

Pangaea Logistics Solutions' mailing address is 109 LONG WHARF, NEWPORT RI, 02840. The official website for the company is www.pangaeals.com. The shipping company can be reached via phone at (401) 846-7790, via email at trozycki@prosek.com, or via fax at 401-846-1520.