NASDAQ:PANLPangaea Logistics Solutions Stock Price, Forecast & News

Pangaea Logistics Solutions' stock was trading at $2.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PANL stock has decreased by 20.1% and is now trading at $1.95. View which stocks have been most impacted by Coronavirus.

Pangaea Logistics Solutions is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Pangaea Logistics Solutions.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) issued its earnings results on Wednesday, May, 13th. The shipping company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.03 by $0.12. The shipping company had revenue of $95.88 million for the quarter. Pangaea Logistics Solutions had a return on equity of 5.30% and a net margin of 0.27%. During the same quarter last year, the company earned $0.09 EPS. View Pangaea Logistics Solutions' earnings history.

Pangaea Logistics Solutions declared a quarterly dividend on Thursday, November 7th. Shareholders 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 dividend yield of 7.18%. The ex-dividend date is Wednesday, November 20th. View Pangaea Logistics Solutions' dividend history.

News articles about PANL stock have been trending very negative on Wednesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pangaea Logistics Solutions earned a daily sentiment score of -3.8 on InfoTrie's scale. They also gave headlines about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutPangaea Logistics Solutions.

Pangaea Logistics Solutions saw a increase in short interest in May. As of May 15th, there was short interest totaling 6,600 shares, an increase of 53.5% from the April 30th total of 4,300 shares. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company's shares are short sold. View Pangaea Logistics Solutions' Current Options Chain.

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

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), Primo Water (PRMW), Ring Energy (REI), Ring Energy (REI), Allena Pharmaceuticals (ALNA), Amarin (AMRN), Antero Resources (AR), Abraxas Petroleum (AXAS) and Corbus Pharmaceuticals (CRBP).

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

Pangaea Logistics Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (22.99%), RBF Capital LLC (0.22%) and BlackRock Inc. (0.10%). 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 RBF Capital LLC, and BlackRock Inc.. View insider buying and selling activity for Pangaea Logistics Solutions.

PANL stock was bought by a variety of institutional investors in the last quarter, including Rockland Trust Co.. Company insiders that have bought Pangaea Logistics Solutions stock in the last two years include Gianni Delsignore, and Mark L Filanowski. View insider buying and selling activity 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 $1.95.

Pangaea Logistics Solutions has a market capitalization of $87.87 million and generates $412.20 million in revenue each year. The shipping company earns $11.66 million in net income (profit) each year or $0.42 on an earnings per share basis. Pangaea Logistics Solutions employs 74 workers across the globe.

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

Pangaea Logistics Solutions' mailing address is 109 LONG WHARF, NEWPORT RI, 02840. The shipping company can be reached via phone at 401-457-9552 or via email at [email protected]