PANL Stock Price, Pangaea Logistics Solutions Quote, Chart

Market Summary

USD7.850.00

Delayed

0.00%

PANL Alerts

Big jump in Earnings (Y/Y)

PANL Stock Price

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PANL RSI Chart

PANL Valuation

Market Cap

367.7M

Price/Earnings (Trailing)

10.67

Price/Sales (Trailing)

0.75

Price/Free Cashflow

7.18

PANL Price/Sales (Trailing)

PANL Profitability

Return on Equity

9.09%

Return on Assets

4.9%

Free Cashflow Yield

13.93%

PANL Fundamentals

PANL Revenue

Revenue (TTM)

490.3M

Rev. Growth (Yr)

-7.87%

Rev. Growth (Qtr)

-20.58%

PANL Earnings

Earnings (TTM)

34.5M

Earnings Growth (Yr)

233.55%

Earnings Growth (Qtr)

961.29%

Breaking Down PANL Revenue

Last 7 days

4.0%

Last 30 days

19.1%

Last 90 days

-5.9%

Trailing 12 Months

31.1%

How does PANL drawdown profile look like?

PANL Financial Health

Current Ratio

1.97

PANL Investor Care

Shares Dilution (1Y)

0.80%

Diluted EPS (TTM)

0.76

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	490.3M	0	0	0
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
May 16, 2024	JANE STREET GROUP, LLC	added	50.72	73,012	338,645	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.91	-23,876	25,531	-%
May 15, 2024	BARCLAYS PLC	reduced	-47.11	-229,000	185,000	-%
May 15, 2024	Corton Capital Inc.	new	-	157,954	157,954	0.06%
May 15, 2024	OCCUDO QUANTITATIVE STRATEGIES LP	sold off	-100	-123,641	-	-%
May 15, 2024	Aquatic Capital Management LLC	sold off	-100	-5,000	-	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	new	-	797,814	797,814	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	62.61	546,030	2,000,390	-%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	added	8.58	-1,026,210	11,560,700	-%
May 15, 2024	VR Advisory Services Ltd	sold off	-100	-1,407,100	-	-%

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

PANL Alerts

Big jump in Earnings (Y/Y)

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
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
Mar 26, 2024	EFFECT	EFFECT
Mar 22, 2024	CORRESP	CORRESP
Mar 21, 2024	UPLOAD	UPLOAD
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

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	6.9B	3.1B	23.64%	62.08%	27.16	2.18	7.69%	73.34%
MATX	4.0B	3.1B	9.74%	65.56%	13.28	1.28	-19.84%	-60.56%
SMALL-CAP
GNK	991.0M	406.9M	14.41%	67.36%	312.56	2.44	-17.82%	-97.35%
EGLE	693.2M	393.8M	0.58%	45.82%	30.5	1.76	-45.29%	-90.84%
PANL	367.7M	490.3M	19.12%	31.05%	10.67	0.75	-21.13%	-45.19%
SMHI	366.3M	282.3M	9.04%	70.35%	-39.33	1.3	21.84%	87.00%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-20.6%	105	132	136	118	114	128	185	196	192	235	213	146	125	113	104	70.00	96.00	131	119	83.00	80.00
Operating Expenses	-22.7%	94.00	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
S&GA Expenses	-100.0%	-	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
Interest Expenses	-100.0%	-	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
Net Income	961.3%	12.00	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
Net Income Margin	33.5%	0.07*	0.05*	0.08*	0.07*	0.10*	0.11*	0.10*	0.10*	0.10*	0.09*	0.10*	0.08*	0.06*	-	-	-	-	-	-	-	-
Free Cashflow	-62.4%	9.00	24.00	16.00	2.00	12.00	33.00	33.00	37.00	32.00	19.00	23.00	15.00	5.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.3%	703	705	729	725	730	748	739	755	731	707	657	575	450	450	443	440	452	480	485	459	448
Current Assets	1.9%	196	192	198	187	220	223	223	234	207	184	168	133	111	111	106	98.00	101	128	108	93.00	100
Cash Equivalents	-3.2%	96.00	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
Inventory	33.8%	22.00	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
Net PPE	-1.1%	469	474	480	486	462	477	465	470	474	472	439	389	279	277	276	278	288	281	312	301	290
Goodwill	0%	3.00	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Liabilities	-5.7%	99.00	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
Shareholder's Equity	17.1%	379	324	327	362	363	314	358	341	316	301	284	257	242	234	227	241	237	243	247	238	239
Retained Earnings	4.4%	166	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
Additional Paid-In Capital	0.7%	166	165	164	164	164	163	163	162	162	162	161	161	160	160	159	159	159	158	157	157	157
Accumulated Depreciation	-100.0%	-	127	-	-	-	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	0.8%	47.00	46.00	45.00	45.00	45.00	46.00	44.00	44.00	44.00	46.00	44.00	44.00	-	-	-	-	-	-	-	-	-
Minority Interest	2.1%	47.00	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
Float	-	-	-	-	245	-	-	-	178	-	-	-	175	-	-	-	20.00	-	-	-	27.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-62.4%	8,999	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
Share Based Compensation	64.0%	1,139	694	270	267	856	310	319	311	828	368	369	418	948	400	392	421	1,103	371	320	371	675
Cashflow From Investing	-102.3%	-203	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
Cashflow From Financing	43.7%	-11,960	-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
Dividend Payments	-100.0%	-	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

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PANL Income Statement

2024-03-31

Consolidated Statements of Income - USD ($)	3 Months Ended
Consolidated Statements of Income - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Revenue	$ 104,748,553	$ 113,699,075
Expenses:
Voyage expense	37,114,664	56,814,631
Charter hire expense	27,142,850	22,590,840
Vessel operating expense	12,669,257	13,606,815
Terminal & Stevedore Expenses	2,079,187	0
General and administrative	7,278,003	5,691,733
Depreciation and amortization	7,436,473	7,326,860
Loss on sale of vessel	0	1,172,196
Total expenses	93,720,434	107,203,075
Income from operations	11,028,119	6,496,000
Other income (expense):
Interest and Other Income	875,084	1,049,846
Unrealized gain (loss) on derivative instruments, net	5,084,339	(423,569)
Other income	343,924	386,413
Total other income (expense), net	1,637,515	(3,093,088)
Net income	12,665,634	3,402,912
(Income) loss attributable to non-controlling interests	(991,458)	71,355
Net income attributable to Pangaea Logistics Solutions Ltd.	$ 11,674,176	$ 3,474,267
Earnings per common share:
Basic (in dollars per share)	$ 0.26	$ 0.08
Diluted (in dollars per share)	$ 0.25	$ 0.08
Weighted average shares used to compute earnings per common share:
Basic (in shares)	45,214,519	44,712,290
Diluted (in shares)	45,914,772	45,116,719
Nonrelated Party
Other income (expense):
Interest Revenue (Expense), Net	$ (3,850,730)	$ (4,250,514)
Related Party
Other income (expense):
Interest Revenue (Expense), Net	(815,102)	144,736
Voyage revenue
Revenues:
Revenue	87,290,563	107,950,123
Charter revenue
Revenues:
Revenue	15,031,027	5,748,952
Revenue Not from Contract with Customer
Revenues:
Revenue	$ 2,426,963	$ 0

PANL Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 95,873,255	$ 99,037,866
Accounts receivable (net of allowance of $6,015,917 and $5,657,837 at March 31, 2024 and December 31, 2023, respectively)	41,997,734	47,891,501
Inventories	22,151,644	16,556,266
Advance hire, prepaid expenses and other current assets	35,534,470	28,340,246
Total current assets	195,557,103	191,825,879
Fixed assets, net	469,077,334	474,265,171
Finance lease right of use assets, net	29,829,974	30,393,823
Goodwill	3,104,800	3,104,800
Other non-current assets	5,735,863	5,590,295
Total assets	703,305,074	705,179,968
Current liabilities
Accounts payable, accrued expenses and other current liabilities	32,953,336	35,836,262
Deferred revenue	13,773,306	15,629,886
Current portion of secured long-term debt	29,999,163	30,751,726
Current portion of finance lease liabilities	21,644,835	21,970,124
Dividend payable	966,786	1,146,321
Total current liabilities	99,337,426	105,334,319
Secured long-term debt, net	65,929,536	68,446,309
Long-term portion	139,980,818	143,266,867
Long-term liabilities - other - Note 10	18,751,642	17,936,540
Commitments and contingencies - Note 9
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; 46,839,591 shares issued and outstanding at March 31, 2024; 46,466,622 shares issued and outstanding at December 31, 2023	4,685	4,648
Additional paid-in capital	165,993,186	164,854,546
Retained earnings	166,006,383	159,026,799
Total Pangaea Logistics Solutions Ltd. equity	332,004,254	323,885,993
Non-controlling interests	47,301,398	46,309,940
Total stockholders' equity	379,305,652	370,195,933
Total liabilities and stockholders' equity	$ 703,305,074	$ 705,179,968

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 May 17 2024, market cap of Pangaea Logistics Solutions Ltd is 367.69 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 May 17 2024, PANL's PE ratio (Price to Earnings) is 10.67 and Price to Sales (PS) ratio is 0.75. 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 -0.018 (multiply by 100 for percentage) rate of return.