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S&P 500   4,026.12
DOW   34,347.03
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Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
THE BEST BLACK FRIDAY DEAL YET (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
NASDAQ:PANL

Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

$5.06
+0.13 (+2.64%)
(As of 11/25/2022 08:58 PM ET)
Add
Compare
Today's Range
$4.95
$5.14
50-Day Range
$4.44
$5.16
52-Week Range
$3.42
$7.05
Volume
74,000 shs
Average Volume
299,820 shs
Market Capitalization
$232.37 million
P/E Ratio
2.86
Dividend Yield
5.93%
Price Target
$7.50

Pangaea Logistics Solutions MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.2% Upside
$7.50 Price Target
Short Interest
Healthy
3.74% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-29.95%
From $1.87 to $1.31 Per Share

Overall MarketRank

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

3.15 out of 5 stars

Transportation Sector

3rd out of 121 stocks

Deep Sea Foreign Transportation Of Freight Industry

2nd out of 29 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. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

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PANL Stock News Headlines

/C O R R E C T I O N -- Pangaea Logistics Solutions Ltd./
Pangaea Logistics Solutions Ltd. Q3 Profit Decreases, misses estimates
Pangaea Logistics (PANL) Upgraded to Buy: Here's Why
Pangaea Logistics Solutions Ltd. Reports Climb In Q2 Profit
See More Headlines
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PANL Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Today
11/27/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/15/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$7.50
High Stock Price Forecast
$7.50
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+48.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$67.23 million
Pretax Margin
10.82%

Debt

Sales & Book Value

Annual Sales
$718.10 million
Cash Flow
$1.92 per share
Book Value
$6.59 per share

Miscellaneous

Free Float
35,595,000
Market Cap
$232.37 million
Optionable
Not Optionable
Beta
0.67

Key Executives

  • Mr. Mark L. Filanowski (Age 68)
    CEO & Director
    Comp: $995.08k
  • Mr. Gianni Del Signore (Age 39)
    CFO & Sec.
    Comp: $581.3k
  • Mr. Mads Boye Petersen
    Chief Operating Officer













PANL Stock - Frequently Asked Questions

Should I buy or sell Pangaea Logistics Solutions stock right now?

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.

What is Pangaea Logistics Solutions' stock price forecast for 2023?

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.

How have PANL shares performed in 2022?

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
.

When is Pangaea Logistics Solutions' next earnings date?

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

How were Pangaea Logistics Solutions' earnings last quarter?

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.

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 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
.

Is Pangaea Logistics Solutions a good dividend stock?

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.

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), KemPharm (KMPH) and Occidental Petroleum (OXY).

What is Pangaea Logistics Solutions' stock symbol?

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

Who are Pangaea Logistics Solutions' major shareholders?

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
.

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 $5.06.

How much money does Pangaea Logistics Solutions make?

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.

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 11/28/2022 by MarketBeat.com Staff