Pangaea Logistics Solutions (PANL) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PANL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PANL, but not buy additional shares or sell existing shares.
View PANL analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12-month price targets for Pangaea Logistics Solutions' shares. Their PANL share price targets range from $8.75 to $8.75. On average, they anticipate the company's share price to reach $8.75 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
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Pangaea Logistics Solutions' stock was trading at $8.24 at the beginning of the year. Since then, PANL stock has decreased by 19.2% and is now trading at $6.66.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) released its earnings results on Wednesday, March, 13th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.28. The shipping company earned $131.88 million during the quarter, compared to the consensus estimate of $152.31 million. Pangaea Logistics Solutions had a net margin of 5.27% and a trailing twelve-month return on equity of 8.54%. During the same period in the previous year, the company earned $0.32 EPS.

Pangaea Logistics Solutions declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share on Friday, March 15th. This represents a $0.40 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for PANL.

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.97%. PANL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 36.36% 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), Zevra Therapeutics (KMPH) and Occidental Petroleum (OXY).

Pangaea Logistics Solutions' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Rockland Trust Co. (18.30%). Insiders that own company stock include David Sgro, Eric Rosenfeld and One Acquisition Holdin Pangaea.
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Shares of PANL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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