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 twelve months. 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 Wall Street 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 expect the company's share price to reach $7.50 in the next year. This suggests a possible upside of 20.4% 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 $5.15 at the start of the year. Since then, PANL shares have increased by 21.0% and is now trading at $6.23.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) issued its quarterly earnings data on Wednesday, March, 15th. The shipping company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by $0.04. The shipping company had revenue of $127.92 million for the quarter, compared to analyst estimates of $164.88 million. Pangaea Logistics Solutions had a net margin of 10.10% and a trailing twelve-month return on equity of 20.00%.

Pangaea Logistics Solutions declared a quarterly dividend on Tuesday, May 9th. Investors of record on Thursday, June 1st will be paid a dividend of $0.10 per share on Thursday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 6.42%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for PANL.

ETFs with the largest weight of Pangaea Logistics Solutions (NASDAQ:PANL) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).First Trust Dow Jones Select Microcap Index Fund (FDM).

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 6.45%. 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 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 37.04% 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."

Pangaea Logistics Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (18.33%), Wellington Management Group LLP (4.86%), Dimensional Fund Advisors LP (2.49%), Acadian Asset Management LLC (2.48%), Renaissance Technologies LLC (0.87%) and Geode Capital Management LLC (0.80%).
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.
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One share of PANL stock can currently be purchased for approximately $6.23.

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $289.51 million and generates $699.71 million in revenue each year. The shipping company earns $79.49 million in net income (profit) each year or $1.40 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.