Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PANL shares.
View PANL analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1-year price objectives for Pangaea Logistics Solutions' shares. Their PANL share price forecasts range from $7.50 to $7.50. On average, they anticipate the company's stock price to reach $7.50 in the next twelve months. This suggests a possible upside of 48.2% from the stock's current price.
View analysts price targets for PANL or view top-rated stocks among Wall Street analysts.

Pangaea Logistics Solutions' stock was trading at $3.78 at the start of the year. Since then, PANL shares have increased by 33.9% and is now trading at $5.06.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 15th 2023.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) posted its earnings results on Tuesday, November, 9th. The shipping company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.02. The shipping company had revenue of $213.03 million for the quarter, compared to analysts' expectations of $179.05 million. Pangaea Logistics Solutions had a net margin of 9.81% and a trailing twelve-month return on equity of 28.20%. During the same quarter last year, the firm posted $0.19 EPS.

Pangaea Logistics Solutions declared a quarterly dividend on Wednesday, November 9th. Investors of record on Thursday, December 1st will be paid a dividend of $0.10 per share on Thursday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Wednesday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for PANL.

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.30 per share and currently has a dividend yield of 5.93%. 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 16.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 22.90% 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), KemPharm (KMPH) and Occidental Petroleum (OXY).

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

Pangaea Logistics Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (18.51%), Dimensional Fund Advisors LP (1.95%), Renaissance Technologies LLC (0.80%), Vanguard Group Inc. (0.78%), BlackRock Inc. (0.48%) and Two Sigma Advisers LP (0.39%). Insiders that own company stock include Gianni Delsignore and One Acquisition Holdin Pangaea.
View institutional ownership trends.

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 $5.06.

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $232.36 million and generates $718.10 million in revenue each year. The shipping company earns $67.23 million in net income (profit) each year or $1.77 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.