S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech'
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech'
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech'
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
How major US stock indexes fared Thursday, 3/28/2024
MillerKnoll, Chemours fall; Verint Systems, RH rise, Thursday, 3/28/2024
Mark Zuckerberg Says This CEO Is the 'Taylor Swift of Tech'
NASDAQ:PANL

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

$6.97
+0.13 (+1.90%)
(As of 03/28/2024 ET)
Today's Range
$6.82
$6.97
50-Day Range
$6.73
$9.52
52-Week Range
$5.23
$9.52
Volume
985,593 shs
Average Volume
364,654 shs
Market Capitalization
$325.64 million
P/E Ratio
11.81
Dividend Yield
5.74%
Price Target
$8.75

Pangaea Logistics Solutions MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
25.5% Upside
$8.75 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.87mentions of Pangaea Logistics Solutions in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.59%
From $0.85 to $1.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Transportation Sector

8th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

2nd out of 26 stocks

PANL stock logo

About Pangaea Logistics Solutions Stock (NASDAQ:PANL)

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company's ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. It owns and operates a fleet of vessels. The company was founded in 1996 and is headquartered in Newport, Rhode Island.

PANL Stock Price History

PANL Stock News Headlines

Your Money is Not Safe
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Your Money is Not Safe
Biden Deploys Phase 1 Fednow Digital Currency Discover how to legally "opt-out" of the digital dollar today. No matter what they say, it's not something that will help you. If you don't take the action steps shown below…
Recap: Pangaea Logistics Solns Q4 Earnings
Blu Boys rule Pangaea Cup
Pangaea Logistics Solutions Ltd.
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Last Earnings
3/13/2024
Dividend Payable
3/15/2024
Today
3/29/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:PANL
Employees
151
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$8.75
High Stock Price Target
$8.75
Low Stock Price Target
$8.75
Potential Upside/Downside
+25.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$26.32 million
Pretax Margin
5.72%

Debt

Sales & Book Value

Annual Sales
$499.27 million
Cash Flow
$1.37 per share
Book Value
$7.97 per share

Miscellaneous

Free Float
35,433,000
Market Cap
$325.64 million
Optionable
Optionable
Beta
0.86

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PANL Stock Analysis - Frequently Asked Questions

Should I buy or sell Pangaea Logistics Solutions stock right now?

1 Wall Street 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 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.

What is Pangaea Logistics Solutions' stock price target for 2024?

1 analysts have issued 12 month price objectives for Pangaea Logistics Solutions' stock. 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 25.5% from the stock's current price.
View analysts price targets for PANL
or view top-rated stocks among Wall Street analysts.

How have PANL shares performed in 2024?

Pangaea Logistics Solutions' stock was trading at $8.24 at the beginning of 2024. Since then, PANL shares have decreased by 15.4% and is now trading at $6.97.
View the best growth stocks for 2024 here
.

When is Pangaea Logistics Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PANL earnings forecast
.

How were Pangaea Logistics Solutions' earnings last quarter?

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) posted its quarterly earnings results on Wednesday, March, 13th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.28. The shipping company had revenue of $131.88 million for 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 quarter in the prior year, the firm earned $0.32 earnings per share.

How often does Pangaea Logistics Solutions pay dividends? What is the dividend yield for Pangaea Logistics Solutions?

Pangaea Logistics Solutions announced a quarterly dividend on Thursday, February 15th. Shareholders 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 yield of 5.74%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for PANL
.

Is Pangaea Logistics Solutions a good dividend stock?

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.85%. 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 36.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PANL.

What ETF holds Pangaea Logistics Solutions' stock?

SonicShares Global Shipping ETF holds 8,995 shares of PANL stock, representing 0.32% of its portfolio.

What other stocks do shareholders of Pangaea Logistics Solutions own?

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).

Who are Pangaea Logistics Solutions' major shareholders?

Pangaea Logistics Solutions' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (3.29%), Dimensional Fund Advisors LP (2.95%), Cable Car Capital LLC (1.91%), Vanguard Group Inc. (1.48%), Vanguard Group Inc. (1.48%) and Bridgeway Capital Management LLC (1.23%). Insiders that own company stock include David Sgro, Eric Rosenfeld and One Acquisition Holdin Pangaea.
View institutional ownership trends
.

How do I buy shares of Pangaea Logistics Solutions?

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.
Compare Top Brokerages Here.

This page (NASDAQ:PANL) was last updated on 3/29/2024 by MarketBeat.com Staff

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