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. Investors 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 4.43%. The ex-dividend date is Wednesday, November 20th. View Pangaea Logistics Solutions' Dividend History.

Pangaea Logistics Solutions Ltd (NASDAQ:PANL) announced its quarterly earnings data on Thursday, November, 7th. The shipping company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.10. The shipping company earned $118.89 million during 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 brokers have issued 1-year price targets for Pangaea Logistics Solutions' shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate Pangaea Logistics Solutions' share price to reach $6.00 in the next twelve months. This suggests a possible upside of 89.9% 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 articles about PANL stock have been trending negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pangaea Logistics Solutions earned a news impact score of -2.2 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Pangaea Logistics Solutions.

Pangaea Logistics Solutions saw a decline in short interest in December. As of December 31st, there was short interest totalling 5,400 shares, a decline of 27.0% from the December 15th total of 7,400 shares. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short. View Pangaea Logistics Solutions' Current Options Chain.

Some companies that are related to Pangaea Logistics Solutions include Teekay (TK), DryShips (DRYS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), SEACOR Marine (SMHI), Ardmore Shipping (ASC), Capital Product Partners (CPLP), Danaos (DAC), Navios Maritime Partners (NMM), Overseas Shipholding Group (OSG), 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 institutional and retail investors. Top institutional shareholders 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 $3.16.

Pangaea Logistics Solutions has a market capitalization of $140.47 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]