Streetbeat News

PANL

Pangaea Logistics Solutions, Ltd.

https://www.pangaeals.com

Industry

Marine Shipping

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. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Open

6.62

Mkt cap

311M

Volume

142K

High

6.77

P/E Ratio

8.62

52-wk high

9.53

Low

6.59

Div yield

0.06

52-wk low

6.00

Pangaea Logistics (PANL) reported Q3 earnings of $0.24 per share, meeting the Zacks Consensus Estimate but down from $0.32 per share a year ago.

Portfolio Pulse from

November 13, 2024 | 1:00 am

Pangaea Logistics Solutions Ltd. has reported its financial results for the quarter ended September 30, 2024. The announcement was made on November 12, 2024.

Portfolio Pulse from

November 12, 2024 | 10:15 pm

Pangaea Logistics Solutions (Nasdaq: PANL) will release its third quarter 2024 financial results on November 12, 2024, after market close.

Portfolio Pulse from

November 05, 2024 | 9:45 pm

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) has announced an agreement to purchase the remaining 50% equity of its subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. This acquisition will give Pangaea full ownership of Nordic Bulk Partners, which was initially a joint venture for constructing Ice Class 1A Post-Panamax dry bulk vessels. The transaction is expected to close by November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:35 pm

Pangaea Logistics Solutions and M.T. Maritime Management are set to combine their fleets in an all-stock deal valued at $295 million. This merger is expected to enhance operational efficiencies and expand their market presence.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:07 pm

Pangaea Logistics Solutions (NASDAQ:PANL) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.15 by 33.33%. However, the company reported sales of $131.498 million, beating the estimate of $112.358 million by 17.03% and showing an 11.37% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:06 pm

Alliance Global Partners analyst Poe Fratt has upgraded Pangaea Logistics Solutions (PANL) from Neutral to Buy, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:22 am

Pangaea Logistics Solns (NASDAQ:PANL) reported Q1 2024 earnings of $0.14 per share, meeting consensus estimates but with a 27.27% increase from the previous year. However, their sales of $104.749M fell short of the $117.472M estimate, marking a 10.83% miss and a 7.87% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:25 pm

Pangaea Logistics Solutions has announced the renewal of its shelf registration statement, allowing the company to issue new securities in the future. This strategic move provides Pangaea with flexibility in financing options and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:33 am

In Thursday's intraday session, several industrials stocks experienced significant movements. Notable gainers include Nauticus Robotics (KITT), Solidion Technology (STI), and ShiftPixy (PIXY), with increases of 25.0%, 16.79%, and 15.02% respectively. On the losing end, RCM Technologies (RCMT), Erayak Power Solution Gr (RAYA), and Simpple (SPPL) saw declines of 25.9%, 23.42%, and 18.6% respectively, with some attributing their losses to recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

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