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 5.18%. The ex-dividend date of this dividend is Wednesday, November 20th. View Pangaea Logistics Solutions' Dividend History.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) released its earnings results on Thursday, November, 7th. The shipping company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 equities research analysts have issued 1-year price objectives 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 121.8% 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 headlines about PANL stock have trended very negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news 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 -3.0 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Pangaea Logistics Solutions.

Pangaea Logistics Solutions saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 1,800 shares, an increase of 20.0% from the January 30th total of 1,500 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company 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), Eagle Bulk Shipping (EGLE), TSAKOS ENERGY N/SH (TNP), Scorpio Bulkers (SALT), Capital Product Partners (CPLP), Diana Shipping (DSX), Ardmore Shipping (ASC), SEACOR Marine (SMHI), Overseas Shipholding Group (OSG), Danaos (DAC), Safe Bulkers (SB), 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 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 many different of retail and institutional 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 purchased 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 $2.71.

Pangaea Logistics Solutions has a market capitalization of $120.24 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]