Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PANL shares.
View PANL analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month target prices for Pangaea Logistics Solutions' stock. Their PANL share price forecasts range from $7.50 to $8.50. On average, they anticipate the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts price targets for PANL or view top-rated stocks among Wall Street analysts.

Pangaea Logistics Solutions' stock was trading at $3.78 at the start of the year. Since then, PANL shares have increased by 45.0% and is now trading at $5.48.
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Pangaea Logistics Solutions saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 455,400 shares, an increase of 18.3% from the July 15th total of 385,100 shares. Based on an average daily trading volume, of 379,100 shares, the short-interest ratio is presently 1.2 days. Approximately 4.5% of the company's shares are sold short.
View Pangaea Logistics Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) issued its quarterly earnings results on Tuesday, November, 9th. The shipping company reported $0.48 earnings per share 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 analyst estimates of $179.05 million. Pangaea Logistics Solutions had a net margin of 10.46% and a trailing twelve-month return on equity of 30.32%. During the same quarter in the prior year, the firm earned $0.19 EPS.

Pangaea Logistics Solutions announced a quarterly dividend on Tuesday, August 9th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.075 per share on Thursday, September 15th. This represents a $0.30 annualized dividend and a yield of 5.47%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for PANL.

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.30 per share and currently has a dividend yield of 5.41%. 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 15.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 14.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PANL.

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).

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

Pangaea Logistics Solutions' stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (0.28%), Healthcare of Ontario Pension Plan Trust Fund (0.20%), Stratos Wealth Partners LTD. (0.16%), O Shaughnessy Asset Management LLC (0.11%), Bailard Inc. (0.10%) and Annex Advisory Services LLC (0.10%). Insiders that own company stock include Gianni Delsignore, Mark L Filanowski and One Acquisition Holdin Pangaea.
View institutional ownership trends.

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.
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One share of PANL stock can currently be purchased for approximately $5.48.

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $252.11 million and generates $718.10 million in revenue each year. The shipping company earns $67.23 million in net income (profit) each year or $1.95 on an earnings per share basis.

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.