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NASDAQ:PANL

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

$5.90
+0.03 (+0.51%)
(As of 12:32 PM ET)
Compare
Today's Range
$5.80
$5.93
50-Day Range
$5.35
$7.08
52-Week Range
$4.39
$7.24
Volume
51,183 shs
Average Volume
225,626 shs
Market Capitalization
$274.17 million
P/E Ratio
6.56
Dividend Yield
6.78%
Price Target
N/A

Pangaea Logistics Solutions MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
3.87% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.16mentions of Pangaea Logistics Solutions in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$69,093 Sold Last Quarter
Proj. Earnings Growth
14.55%
From $0.55 to $0.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.39 out of 5 stars

Transportation Sector

2nd out of 114 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 28 stocks


PANL stock logo

About Pangaea Logistics Solutions (NASDAQ:PANL) Stock

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. The company owns and operates a fleet of vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is headquartered in Newport, Rhode Island.

PANL Price History

PANL Stock News Headlines

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Q2 2023 Pangaea Logistics Solutions Ltd Earnings Call
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See More Headlines
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PANL Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/29/2023
Next Earnings (Estimated)
11/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:PANL
Employees
70
Year Founded
2008

Profitability

Net Income
$79.49 million
Pretax Margin
7.67%

Debt

Sales & Book Value

Annual Sales
$699.71 million
Cash Flow
$2.50 per share
Book Value
$8.03 per share

Miscellaneous

Free Float
35,241,000
Market Cap
$272.78 million
Optionable
Not Optionable
Beta
0.76

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Key Executives

  • Mr. Mark L. Filanowski (Age 69)
    CEO & Director
    Comp: $1.64M
  • Mr. Gianni Del Signore (Age 40)
    CFO & Sec.
    Comp: $672.73k
  • Mr. Mads Rosenberg Boye Petersen
    Chief Operating Officer













PANL Stock - Frequently Asked Questions

How have PANL shares performed in 2023?

Pangaea Logistics Solutions' stock was trading at $5.15 on January 1st, 2023. Since then, PANL stock has increased by 14.0% and is now trading at $5.87.
View the best growth stocks for 2023 here
.

Are investors shorting Pangaea Logistics Solutions?

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

When is Pangaea Logistics Solutions' next earnings date?

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

How were Pangaea Logistics Solutions' earnings last quarter?

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) issued its earnings results on Wednesday, August, 9th. The shipping company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by $0.03. The shipping company had revenue of $118.08 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.64 EPS.

How often does Pangaea Logistics Solutions pay dividends? What is the dividend yield for Pangaea Logistics Solutions?

Pangaea Logistics Solutions declared a quarterly dividend on Monday, August 7th. Investors 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 6.81%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for PANL
.

What ETF holds Pangaea Logistics Solutions' stock ?

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

Is Pangaea Logistics Solutions a good dividend stock?

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 6.93%. 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 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.

What other stocks do shareholders of Pangaea Logistics Solutions own?

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).

What is Pangaea Logistics Solutions' stock symbol?

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

How do I buy shares of Pangaea Logistics Solutions?

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.

What is Pangaea Logistics Solutions' stock price today?

One share of PANL stock can currently be purchased for approximately $5.87.

How much money does Pangaea Logistics Solutions make?

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $272.78 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.

How can I contact Pangaea Logistics Solutions?

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.

This page (NASDAQ:PANL) was last updated on 9/29/2023 by MarketBeat.com Staff

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