PANL Stock Price, Pangaea Logistics Solutions Quote, Chart

Market Summary

USD6.93+0.08

Delayedas of 22 Apr 2024, 12:55 pm

1.17%

PANL Stock Price

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PANL RSI Chart

PANL Valuation

Market Cap

320.0M

Price/Earnings (Trailing)

12.17

Price/Sales (Trailing)

0.64

Price/Free Cashflow

5.95

PANL Price/Sales (Trailing)

PANL Profitability

Return on Equity

8.12%

Return on Assets

3.73%

Free Cashflow Yield

16.81%

PANL Fundamentals

PANL Revenue

Revenue (TTM)

499.3M

Rev. Growth (Yr)

3.13%

Rev. Growth (Qtr)

-2.73%

PANL Earnings

Earnings (TTM)

26.3M

Earnings Growth (Yr)

-92.9%

Earnings Growth (Qtr)

-94.18%

Breaking Down PANL Revenue

52 Week Range

5.287.24

(Low)(High)

Last 7 days

1.9%

Last 30 days

-1.4%

Last 90 days

-20.1%

Trailing 12 Months

9.1%

How does PANL drawdown profile look like?

PANL Financial Health

Current Ratio

1.82

PANL Investor Care

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

0.59

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	621.7M	544.2M	495.3M	499.3M
2022	784.9M	835.0M	806.4M	699.7M
2021	412.1M	487.2M	596.5M	718.2M
2020	428.6M	415.7M	400.6M	383.0M
2019	373.6M	360.1M	383.7M	412.3M
2018	379.6M	385.0M	373.3M	373.0M
2017	278.6M	313.0M	349.2M	385.1M
2016	236.1M	228.0M	227.6M	238.0M
2015	379.2M	354.5M	334.5M	287.3M
2014	393.9M	395.4M	396.8M	398.3M
2013	0	0	389.8M	392.5M
2012	0	0	0	387.1M

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Tracking the Latest Insider Buys and Sells of Pangaea Logistics Solutions Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	petersen mads rosenber boye	acquired	-	-	32,281	chief operating officer
Mar 19, 2024	delsignore gianni	acquired	-	-	28,694	chief financial officer
Mar 19, 2024	filanowski mark l	acquired	-	-	57,388	chief executive officer
Feb 16, 2024	sgro david	acquired	120,000	8.51	14,101	-
Feb 16, 2024	laura anthony	acquired	120,000	8.51	14,101	-
Feb 16, 2024	rosenfeld eric	acquired	120,000	8.51	14,101	-
Feb 16, 2024	boggild carl claus	acquired	120,000	8.51	14,101	-
Feb 16, 2024	beachy karen h	acquired	120,000	8.51	14,101	-
Feb 16, 2024	du moulin richard t	acquired	120,000	8.51	14,101	-
Dec 12, 2023	sgro david	sold	-87,082	7.35	-11,848	-

Which funds bought or sold PANL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	14,653	239,721	241,657	-%
Apr 16, 2024	Astoria Portfolio Advisors LLC.	reduced	-1.13	-23,522	80,047	0.03%
Apr 16, 2024	Financial Management Professionals, Inc.	sold off	-100	-18,000	-	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	new	-	355,923	355,923	0.01%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-	-	-	-%
Apr 11, 2024	ROCKLAND TRUST CO	added	0.06	-10,814,300	59,582,100	3.14%
Apr 11, 2024	Roble, Belko & Company, Inc	unchanged	-	-	-	-%
Apr 05, 2024	CWM, LLC	new	-	10,000	10,000	-%
Mar 11, 2024	VANGUARD GROUP INC	added	1.7	1,692,220	5,671,860	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	39.43	1,591,260	3,259,300	-%

Are Funds Buying or Selling PANL?

Are funds buying PANL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PANL

No. of Funds

Unveiling Pangaea Logistics Solutions Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vr advisory services ltd	0.4%	170,765	SC 13G/A
Feb 08, 2024	wellington trust co n a	3.29%	1,527,543	SC 13G/A
Feb 08, 2024	wellington management group llp	3.29%	1,527,543	SC 13G/A
Feb 08, 2024	wellington trust company, national association multiple common trust funds trust, micro cap equity p	2.75%	1,277,704	SC 13G/A
Feb 02, 2024	blackrock inc.	5.4%	2,516,994	SC 13G
Jan 09, 2024	swissmarine pte. ltd.	3.07%	1,430,991	SC 13G/A
Dec 07, 2023	maze maureen	10.33%	4,802,070	SC 13G
Oct 06, 2023	swissmarine pte. ltd.	5.34%	2,481,713	SC 13G
Apr 06, 2023	pangaea logistics solutions ltd.	17.92%	8,328,092	SC 13D/A
Feb 14, 2023	vr advisory services ltd	5.8%	2,642,761	SC 13G/A

Recent SEC filings of Pangaea Logistics Solutions Ltd

View All Filings

Date Filed	Form Type	Document
Mar 26, 2024	EFFECT	EFFECT
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	S-3/A	S-3/A
Mar 15, 2024	8-K	Current Report
Mar 14, 2024	10-K	Annual Report
Mar 14, 2024	S-3	S-3
Mar 13, 2024	8-K	Current Report
Feb 20, 2024	4	Insider Trading

Peers (Alternatives to Pangaea Logistics Solutions Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
KEX	5.6B	3.1B	5.24%	38.43%	25.15	1.81	11.02%	82.30%
MATX	3.7B	3.1B	1.51%	52.48%	12.33	1.18	-28.75%	-72.07%
SMALL-CAP
GNK	878.1M	383.8M	3.68%	27.24%	-68.78	2.29	-28.52%	-108.04%
EGLE	693.2M	393.8M	0.58%	45.82%	30.5	1.76	-45.29%	-90.84%
SMHI	338.4M	279.5M	-8.98%	52.00%	-36.33	1.21	28.61%	87.00%
PANL	320.0M	499.3M	-1.44%	9.11%	12.17	0.64	-28.64%	-66.88%

Pangaea Logistics Solutions Ltd News

Latest updates

Pangaea Logistics Solutions Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.7%	132	136	118	114	128	185	196	192	235	213	146	125	113	104	70.00	96.00	131	119	83.00	80.00	102
Operating Expenses	4.7%	121	116	110	107	109	154	159	172	204	188	129	119	105	94.00	67.00	98.00	131	106	77.00	75.00	94.00
S&GA Expenses	3.6%	6.00	6.00	6.00	6.00	4.00	6.00	5.00	5.00	4.00	4.00	6.00	4.00	4.00	4.00	4.00	4.00	5.00	3.00	5.00	4.00	4.00
Interest Expenses	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	2.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	2.00	2.00	2.00
Net Income	-94.2%	1.00	19.00	3.00	4.00	16.00	19.00	25.00	20.00	15.00	27.00	19.00	6.00	8.00	8.00	3.00	-6.80	-4.40	8.00	4.00	4.00	-0.50
Net Income Margin	-35.9%	0.05*	0.08*	0.07*	0.10*	0.11*	0.10*	0.10*	0.10*	0.09*	0.10*	0.08*	0.06*	0.03*	-	-	-	-	-	-	-	-
Free Cashflow	46.6%	24.00	16.00	2.00	12.00	33.00	33.00	37.00	32.00	19.00	23.00	15.00	5.00	-1.61	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.2%	705	729	725	730	748	739	755	731	707	657	575	450	450	443	440	452	480	485	459	448	453
Current Assets	-3.4%	192	198	187	220	223	223	234	207	184	168	133	111	111	106	98.00	101	128	108	93.00	100	114
Cash Equivalents	13.4%	99.00	87.00	84.00	129	128	118	102	70.00	56.00	49.00	41.00	42.00	48.00	46.00	47.00	40.00	53.00	34.00	41.00	59.00	56.00
Inventory	-37.2%	17.00	26.00	27.00	27.00	29.00	31.00	53.00	39.00	27.00	25.00	23.00	16.00	16.00	16.00	12.00	19.00	21.00	17.00	17.00	15.00	19.00
Net PPE	-1.2%	474	480	486	462	477	465	470	474	472	439	389	279	277	276	278	288	281	312	301	290	282
Goodwill	0%	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Liabilities	-8.6%	105	115	111	87.00	92.00	91.00	119	114	112	105	86.00	61.00	111	88.00	61.00	73.00	91.00	85.00	65.00	61.00	79.00
Shareholder's Equity	-0.9%	324	327	362	363	314	358	341	316	301	284	257	242	234	227	241	237	243	247	238	239	233
Retained Earnings	-2.2%	159	163	148	150	151	141	125	104	86.00	72.00	47.00	29.00	23.00	16.00	9.00	6.00	13.00	19.00	12.00	9.00	6.00
Additional Paid-In Capital	0.4%	165	164	164	164	163	163	162	162	162	161	161	160	160	159	159	159	158	157	157	157	156
Accumulated Depreciation	-	127	-	-	-	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	3.8%	46.00	45.00	45.00	45.00	46.00	44.00	44.00	44.00	46.00	44.00	44.00	44.00	-	-	-	-	-	-	-	-	-
Minority Interest	-8.6%	46.00	51.00	49.00	49.00	54.00	54.00	53.00	51.00	53.00	51.00	49.00	52.00	52.00	51.00	73.00	73.00	73.00	71.00	69.00	72.00	72.00
Float	-	-	-	245	-	-	-	178	-	-	-	175	-	-	-	20.00	-	-	-	27.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	46.6%	23,905	16,303	2,008	11,572	32,933	32,643	37,163	32,062	19,068	23,143	14,594	4,940	-1,605	15,534	13,752	-6,844	21,057	3,818	7,625	11,960	12,910
Share Based Compensation	157.1%	694	270	267	856	310	319	311	828	368	369	418	948	400	392	421	1,103	371	320	371	675	136
Cashflow From Investing	774.9%	9,035	-1,338	-32,472	8,794	-16,997	-1,320	8,056	-18,247	-37,944	-51,195	-103,185	-5,467	-845	-11,820	-1,674	7,452	1,584	-14,691	-21,909	-11,585	-2,504
Cashflow From Financing	-78.6%	-21,259	-11,902	-14,388	-19,601	-5,499	-15,549	-12,964	-102	25,921	36,602	87,187	-5,851	2,789	-5,147	-5,057	-11,189	-6,256	3,884	-3,677	5,134	-7,556
Dividend Payments	0.0%	4,485	4,485	4,485	4,648	4,449	3,337	3,337	2,293	1,543	1,543	1,543	907	2.00	-3.63	37.00	499	2,848	1,488	2,620	1,135	1,135

PANL Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)	3 Months Ended								12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Revenues	$ 131,900,000	$ 135,600,000	$ 118,100,000	$ 113,700,000	$ 127,900,000	$ 184,500,000	$ 195,600,000	$ 191,700,000	$ 499,267,834	$ 699,706,906
Operating expenses:
Voyage expense	57,100,000	59,100,000	54,500,000	56,800,000	54,200,000	74,700,000	67,900,000	65,300,000	227,434,670	262,088,555
Charter hire expense	33,900,000	25,500,000	29,100,000	22,600,000	28,200,000	50,800,000	65,700,000	77,700,000	111,033,537	222,332,197
Terminal & stevedore expenses	1,900,000	3,500,000	400,000	0	0	0	0	0	5,809,025	0
Vessel operating expenses	14,700,000	14,300,000	13,200,000	13,600,000	15,400,000	15,400,000	12,900,000	13,200,000	55,783,562	56,859,340
General and administrative	5,700,000	5,500,000	5,900,000	5,700,000	3,900,000	5,800,000	5,100,000	5,300,000	22,780,937	20,103,346
Depreciation and amortization	7,500,000	8,100,000	7,100,000	7,300,000	7,500,000	7,400,000	7,300,000	7,300,000	30,070,395	29,489,810
Loss on impairment of vessels	0	0	0	0	0	0	0	3,000,000.0	0	3,007,809
Loss on sale of vessels	600,000	0	0	1,200,000	0	0	300,000	0	1,738,511	318,032
Total operating expenses	121,300,000	115,900,000	110,200,000	107,200,000	109,200,000	154,100,000	159,200,000	171,800,000	454,650,637	594,199,089
Income from operations	10,600,000	19,700,000	7,900,000	6,500,000	18,700,000	30,400,000	36,400,000	19,900,000	44,617,197	105,507,817
Other (expense) income:
Interest expense	(4,300,000)	(4,300,000)	(4,100,000)	(4,300,000)	(4,300,000)	(4,400,000)	(3,700,000)	(3,400,000)	(17,025,547)	(15,704,233)
Interest income	700,000	800,000	1,000,000.0	1,000,000.0	600,000	300,000	0	0	3,572,134	932,069
Unrealized (loss) gain on derivative instruments	(5,700,000)	4,500,000	(1,300,000)	(400,000)	1,200,000	(4,500,000)	(3,500,000)	7,500,000	(2,925,347)	682,323
Other income	300,000	(200,000)	200,000	400,000	300,000	300,000	100,000	100,000	761,485	807,142
Total other expense, net	(8,400,000)	500,000	(5,100,000)	(3,100,000)	(2,900,000)	(10,700,000)	(8,700,000)	2,400,000	(16,079,425)	(20,000,113)
Net income	2,200,000	20,200,000	2,800,000	3,400,000	15,800,000	19,600,000	27,700,000	22,300,000	28,537,772	85,507,704
Income attributable to noncontrolling interests	(1,000,000.0)	(1,300,000)	100,000	100,000	(300,000)	(1,000,000.0)	(2,500,000)	(2,300,000)	(2,214,472)	(6,016,291)
Net income attributable to Pangaea Logistics Solutions Ltd.	$ 1,100,000	$ 18,900,000	$ 2,800,000	$ 3,500,000	$ 15,500,000	$ 18,700,000	$ 25,200,000	$ 20,000,000.0	$ 26,323,300	$ 79,491,413
Earnings per common share:
Basic (in dollars per share)	$ 0.03	$ 0.42	$ 0.06	$ 0.08	$ 0.35	$ 0.42	$ 0.56	$ 0.45	$ 0.59	$ 1.79
Diluted (in dollars per share)	$ 0.03	$ 0.42	$ 0.06	$ 0.08	$ 0.34	$ 0.42	$ 0.56	$ 0.45	$ 0.58	$ 1.76
Weighted average shares used to compute earnings per common share
Basic (in shares)	44,815,282	44,775,438	44,775,438	44,712,290	44,435,664	44,415,575	44,430,487	44,388,960	44,773,899	44,398,987
Diluted (in shares)	45,392,225	45,081,668	45,127,972	45,116,719	44,985,969	44,640,278	45,070,533	45,192,983	45,475,453	45,059,587
Related Party
Other (expense) income:
Income attributable to Non-controlling interest recorded as long-term liability interest expense	$ 600,000	$ (300,000)	$ (900,000)	$ 100,000	$ (800,000)	$ (2,400,000)	$ (1,700,000)	$ (1,800,000)	$ (462,150)	$ (6,717,414)
Voyage revenue
Revenues:
Revenues	122,300,000	127,900,000	110,500,000	108,000,000.0	117,300,000	173,200,000	173,200,000	176,300,000	468,580,914	640,033,668
Charter revenue
Revenues:
Revenues	7,100,000	3,800,000	7,100,000	5,700,000	10,600,000	11,300,000	22,400,000	15,400,000	23,715,895	59,673,238
Terminal & Stevedore Revenue
Revenues:
Revenues	$ 2,500,000	$ 3,900,000	$ 500,000	$ 0	$ 0	$ 0	$ 0	$ 0	$ 6,971,025	$ 0

PANL Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 99,037,866	$ 128,384,606
Accounts receivable (net of allowance of $5,657,837 and $4,367,848 at December 31, 2023 and 2022, respectively)	47,891,501	36,755,149
Bunker inventory	16,556,266	29,104,436
Advance hire, prepaid expenses and other current assets	28,340,246	28,266,831
Total current assets	191,825,879	222,511,022
Fixed assets, at cost, net of accumulated depreciation of $127,015,253 and $108,844,668, at December 31, 2023 and 2022, respectively	474,265,171	476,524,752
Vessels under finance lease	30,393,823	43,921,569
Goodwill	3,104,800	0
Other Assets, Noncurrent	5,590,295	5,284,127
Total assets	705,179,968	748,241,470
Current liabilities
Accounts payable, accrued expenses and other current liabilities	35,836,262	38,554,131
Deferred revenue	15,629,886	20,883,958
Current portion of long-term debt	30,751,726	15,782,530
Current portion of finance lease liabilities	21,970,124	16,365,075
Dividends payable	1,146,321	626,178
Total current liabilities	105,334,319	92,211,872
Secured long-term debt, net	68,446,309	98,819,739
Finance lease liabilities	143,266,867	168,513,939
Long-term liabilities - other - Note 11	17,936,540	19,974,390
Commitments and contingencies - Note 12
Stockholders' equity:
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized, 46,466,622 and 45,898,395 shares issued and outstanding at December 31, 2023 and 2022, respectively	4,648	4,590
Additional paid-in capital	164,854,546	162,894,080
Retained Earnings	159,026,799	151,327,392
Total Pangaea Logistics Solutions Ltd. equity	323,885,993	314,226,062
Non-controlling interests	46,309,940	54,495,468
Total stockholders' equity	370,195,933	368,721,530
Total liabilities and stockholders' equity	$ 705,179,968	$ 748,241,470

About Pangaea Logistics Solutions Ltd

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

CEO	Mr. Mark L. Filanowski
WEBSITE	pangaeals.com
INDUSTRY	Marine Shipping
EMPLOYEES	70

Pangaea Logistics Solutions Ltd Frequently Asked Questions

What is the ticker symbol for Pangaea Logistics Solutions Ltd? What does PANL stand for in stocks?

PANL is the stock ticker symbol of Pangaea Logistics Solutions Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Pangaea Logistics Solutions Ltd (PANL)?

As of Fri Apr 19 2024, market cap of Pangaea Logistics Solutions Ltd is 320.04 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PANL stock?

You can check PANL's fair value in chart for subscribers.

What is the fair value of PANL stock?

You can check PANL's fair value in chart for subscribers. The fair value of Pangaea Logistics Solutions Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Pangaea Logistics Solutions Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PANL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Pangaea Logistics Solutions Ltd a good stock to buy?

The fair value guage provides a quick view whether PANL is over valued or under valued. Whether Pangaea Logistics Solutions Ltd is cheap or expensive depends on the assumptions which impact Pangaea Logistics Solutions Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PANL.

What is Pangaea Logistics Solutions Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, PANL's PE ratio (Price to Earnings) is 12.17 and Price to Sales (PS) ratio is 0.64. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PANL PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Pangaea Logistics Solutions Ltd's stock?

In the past 10 years, Pangaea Logistics Solutions Ltd has provided -0.029 (multiply by 100 for percentage) rate of return.