PANL stock icon

Pangaea Logistics

5.60 USD
+0.06
1.08%
Updated Dec 5, 2:47 PM EST
1 day
1.08%
5 days
-1.75%
1 month
-11.95%
3 months
-11.81%
6 months
-30.78%
Year to date
-29.38%
1 year
-20.00%
5 years
85.43%
10 years
2.94%
 

About: Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Employees: 651

0
Funds holding %
of 6,790 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

535% more call options, than puts

Call options by funds: $254K | Put options by funds: $40K

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

1% less funds holding

Funds holding: 106 [Q2] → 105 (-1) [Q3]

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

1.61% less ownership

Funds ownership: 56.26% [Q2] → 54.64% (-1.61%) [Q3]

10% less capital invested

Capital invested by funds: $207M [Q2] → $185M (-$21.3M) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 37

Research analyst outlook

We haven’t received any recent analyst ratings for PANL.

Financial journalist opinion

Based on 4 articles about PANL published over the past 30 days

Neutral
Seeking Alpha
3 weeks ago
Pangaea Logistics Solutions, Ltd. (PANL) Q3 2024 Earnings Call Transcript
Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL ) Q3 2024 Earnings Call Transcript November 13, 2024 8:00 AM ET Company Participants Stefan Neely - IR, Vallum Advisors Mark Filanowski - CEO Gianni Del Signore - CFO Mads Petersen - COO Conference Call Participants Liam Burke - B.
Pangaea Logistics Solutions, Ltd. (PANL) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
3 weeks ago
Pangaea Logistics (PANL) Meets Q3 Earnings Estimates
Pangaea Logistics (PANL) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.
Pangaea Logistics (PANL) Meets Q3 Earnings Estimates
Neutral
PRNewsWire
3 weeks ago
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2024
NEWPORT, R.I. , Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2024
Neutral
PRNewsWire
4 weeks ago
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2024 CONFERENCE CALL DATE
NEWPORT, R.I. , Nov. 5, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (Nasdaq: PANL, or "the Company"), a global provider of comprehensive maritime logistics solutions, today announced that it will issue third quarter 2024 results after the market closes on Tuesday, November 12, 2024.
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES THIRD QUARTER 2024 CONFERENCE CALL DATE
Neutral
PRNewsWire
1 month ago
Pangaea Logistics Solutions Announces Agreement to Purchase Third Party Equity Ownership of Nordic Bulk Partners
NEWPORT, R.I. , Oct. 7, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Announces Agreement to Purchase Third Party Equity Ownership of Nordic Bulk Partners
Neutral
Business Wire
2 months ago
PANL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Pangaea Logistics Solutions Ltd.'s Fleet Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether Pangaea Logistics Solutions Ltd.'s (NASDAQ: PANL) acquisition of 100% ownership in fifteen handy-size vessels is fair to Pangaea shareholders. The fifteen handy-size vessels have a total net asset value of $193 million. As consideration for the vessels, Pangaea will issue approximately 19.0 million of new common shares to the vessels owners. Halper Sadeh encourages Pangaea shareholders to click he.
PANL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Pangaea Logistics Solutions Ltd.'s Fleet Is Fair to Shareholders
Positive
Seeking Alpha
2 months ago
Pangaea Logistics Solutions Expands Into Handysize Bulk Carrier Segment, Buy
Pangaea Logistics Solutions ("Pangaea") has agreed to acquire 15 handysize drybulk carriers for approximately $295 million including related debt in an all-stock transaction. The transaction will increase the company's owned fleet by almost 60% to 41 vessels and reduce loan-to-value to slightly below 40%. The company's shares will be valued at $10.20 in the transaction, a 55% premium to current market prices.
Pangaea Logistics Solutions Expands Into Handysize Bulk Carrier Segment, Buy
Neutral
PRNewsWire
2 months ago
Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction
NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet. The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of vessel related financing agreements of approximately $102 million, resulting in a total net asset value of $193 million.
Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction
Positive
Seeking Alpha
3 months ago
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graham's book “The Intelligent Investor”. 49 out of 69 All-Star Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share. 5 of the 69 showed yields exceeding 25% and were disqualified as unsustainable.
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Positive
Seeking Alpha
3 months ago
Pangaea Logistics Solutions: Upgrading On Improved Near-Term Outlook And Discounted Valuation
Pangaea Logistics Solutions reported better-than-expected Q2/2024 results, with both the company's top- and bottom-line results coming in ahead of consensus estimates. That said, adjusted EBITDA margin of 12.8% dropped to its lowest level in recent years as Pangaea's chartered-in fleet was running at a loss. With preliminary Q3 daily time charter equivalent rates up and charter-in rates down by more than 10% sequentially, Pangaea should report vastly improved third-quarter results.
Pangaea Logistics Solutions: Upgrading On Improved Near-Term Outlook And Discounted Valuation
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