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. Stockholders 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 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Wednesday, November 20th. View Pangaea Logistics Solutions' Dividend History.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) posted its earnings results on Thursday, November, 7th. The shipping company reported $0.19 earnings per share (EPS) 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 Wall Street analysts have issued 1-year target prices for Pangaea Logistics Solutions' shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate Pangaea Logistics Solutions' stock price to reach $6.00 in the next year. This suggests a possible upside of 103.1% 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 been trending negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Pangaea Logistics Solutions earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near term. View News Stories for Pangaea Logistics Solutions.

Pangaea Logistics Solutions saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,500 shares, a drop of 72.2% from the January 15th total of 5,400 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock 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), TSAKOS ENERGY N/SH (TNP), Scorpio Bulkers (SALT), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Capital Product Partners (CPLP), Ardmore Shipping (ASC), SEACOR Marine (SMHI), Overseas Shipholding Group (OSG), Danaos (DAC), Safe Bulkers (SB), Global Ship Lease (GSL) and Navios Maritime Partners (NMM).

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 variety of of institutional and retail investors. Top institutional shareholders include Rockland Trust Co. (22.96%), VR Advisory Services Ltd (3.40%), Creative Planning (0.12%) and Denali Advisors LLC (0.07%). 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 bought by a variety of institutional investors in the last quarter, including Rockland Trust Co., Creative Planning, Denali Advisors LLC and VR Advisory Services Ltd. 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 $2.95.

Pangaea Logistics Solutions has a market capitalization of $131.33 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]