NASDAQ:PANL - Pangaea Logistics Solutions Stock Price, Forecast & News

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

Pangaea Logistics Solutions announced a quarterly dividend on Thursday, November 7th. Investors of record on Thursday, November 21st will be given a dividend of $0.035 per share on Tuesday, December 3rd. This represents a $0.14 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, November 20th. View Pangaea Logistics Solutions' Dividend History.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) posted its quarterly earnings data on Thursday, November, 7th. The shipping company reported $0.19 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.10. The shipping company had revenue of $118.89 million for the quarter. Pangaea Logistics Solutions had a return on equity of 8.27% and a net margin of 4.03%. View Pangaea Logistics Solutions' Earnings History.

Pangaea Logistics Solutions is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for Pangaea Logistics Solutions.

1 brokers have issued 1 year price objectives for Pangaea Logistics Solutions' shares. Their forecasts range from $6.00 to $6.00. On average, they expect Pangaea Logistics Solutions' share price to reach $6.00 in the next year. This suggests a possible upside of 103.4% from the stock's current price. View Analyst Price Targets for Pangaea Logistics Solutions.

1 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pangaea Logistics Solutions.

News stories about PANL stock have trended somewhat positive on Friday, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pangaea Logistics Solutions earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Pangaea Logistics Solutions.

Pangaea Logistics Solutions saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 4,700 shares, an increase of 161.1% from the November 14th total of 1,800 shares. Based on an average trading volume of 15,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company's stock are sold short. View Pangaea Logistics Solutions' Current Options Chain.

Some companies that are related to Pangaea Logistics Solutions include Teekay (TK), DryShips (DRYS), Scorpio Bulkers (SALT), Genco Shipping & Trading (GNK), TSAKOS ENERGY N/SH (TNP), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), Ardmore Shipping (ASC), SEACOR Marine (SMHI), Capital Product Partners (CPLP), Navios Maritime Partners (NMM), Safe Bulkers (SB), Overseas Shipholding Group (OSG), StealthGas (GASS) and Global Ship Lease (GSL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pangaea Logistics Solutions investors own include Allena Pharmaceuticals (ALNA), Amarin (AMRN), ArQule (ARQL), Abraxas Petroleum (AXAS), Corbus Pharmaceuticals (CRBP), Antero Resources (AR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Enterprise Products Partners (EPD) and General Electric (GE).

Pangaea Logistics Solutions' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Rockland Trust Co. (20.94%) and Millennium Management LLC (0.05%). Company insiders that own Pangaea Logistics Solutions stock include Gianni Delsignore and Mark L Filanowski. View Institutional Ownership Trends for Pangaea Logistics Solutions.

PANL stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC and Rockland Trust Co.. View Insider Buying and Selling for Pangaea Logistics Solutions.

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

One share of PANL stock can currently be purchased for approximately $2.95.

Pangaea Logistics Solutions has a market capitalization of $131.13 million and generates $372.97 million in revenue each year. The shipping company earns $17.76 million in net income (profit) each year or $0.53 on an earnings per share basis. Pangaea Logistics Solutions employs 74 workers across the globe.View Additional Information About Pangaea Logistics Solutions.

The official website for Pangaea Logistics Solutions is http://www.pangaeals.com/.

Pangaea Logistics Solutions' mailing address is 109 LONG WHARF, NEWPORT RI, 02840. The shipping company can be reached via phone at 401-846-7790 or via email at [email protected]