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

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

Pangaea Logistics Solutions declared a quarterly dividend on Thursday, November 7th. Shareholders of record on Thursday, November 21st will be paid 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 4.70%. The ex-dividend date of this dividend is Wednesday, November 20th. View Pangaea Logistics Solutions' Dividend History.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) issued its quarterly earnings results on Thursday, November, 7th. The shipping company reported $0.19 earnings per share for the quarter, missing the Zacks' 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 net margin of 4.03% and a return on equity of 8.27%. 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 analysts have issued twelve-month target prices for Pangaea Logistics Solutions' stock. Their forecasts range from $6.00 to $6.00. On average, they expect Pangaea Logistics Solutions' stock price to reach $6.00 in the next year. This suggests a possible upside of 101.3% 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.

Media coverage about PANL stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog 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 news sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Pangaea Logistics Solutions.

Pangaea Logistics Solutions saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 5,400 shares, a drop of 27.0% from the December 31st total of 7,400 shares. Based on an average trading volume of 17,400 shares, the short-interest ratio is presently 0.3 days. Currently, 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 DryShips (DRYS), Teekay (TK), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Eagle Bulk Shipping (EGLE), TSAKOS ENERGY N/SH (TNP), Diana Shipping (DSX), SEACOR Marine (SMHI), Capital Product Partners (CPLP), Ardmore Shipping (ASC), Danaos (DAC), Overseas Shipholding Group (OSG), Navios Maritime Partners (NMM), Safe Bulkers (SB) and Global Ship Lease (GSL).

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), Allena Pharmaceuticals (ALNA), Amarin (AMRN), Abraxas Petroleum (AXAS), Corbus Pharmaceuticals (CRBP), Antero Resources (AR), Enbridge (ENB), Energy Transfer LP Unit (ET) and General Electric (GE).

Pangaea Logistics Solutions' stock is owned by a number of of retail and institutional investors. Top institutional investors include Rockland Trust Co. (22.96%). 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 purchased 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 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 $2.98.

Pangaea Logistics Solutions has a market capitalization of $132.46 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]