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 February 8, 2021, the company owned and operated a fleet of 18 ships. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
IPO Year: 2013
Exchange: NASDAQ
Website: pangaeals.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/13/2024 | $10.25 | Neutral → Buy | Alliance Global Partners |
2/5/2024 | $8.75 | Buy → Neutral | Alliance Global Partners |
8/3/2022 | $7.50 | Buy | Alliance Global Partners |
9/17/2021 | $7.50 | Buy | B. Riley Securities |
PRE 14A - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
8-K - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
10-Q - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
PRE 14A - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
8-K - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
8-K - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
S-8 - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
8-K - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
10-Q - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
8-K - Pangaea Logistics Solutions Ltd. (0001606909) (Filer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
4 - Pangaea Logistics Solutions Ltd. (0001606909) (Issuer)
NEWPORT, R.I., Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended September 30, 2024. THIRD QUARTER 2024 RESULTS Net income attributable to Pangaea of $5.1 million, or $0.11 per diluted shareAdjusted net income attributable to Pangaea of $11.1 million, or $0.24 per diluted shareOperating cash flow of $28.5 millionAdjusted EBITDA of $23.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $
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. A conference call will be held the next day, Wednesday, November 13, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available wi
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy and
NEWPORT, R.I., Oct. 7, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, today announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash. Nordic Bulk Partners LLC was established in 2019 as a joint venture to construct four Ice Class 1A Post-Panamax dry bulk vessels. The transaction is expected to be completed by November 1, 2024 subject to customary closing terms and conditions.
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 ve
NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy an
NEWPORT, RI, Aug. 8, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2024. SECOND QUARTER 2024 RESULTS Net income attributable to Pangaea of $3.7 million, or $0.08 per diluted shareAdjusted net income attributable to Pangaea of $4.6 million, or $0.10 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $15.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $16,
NEWPORT, R.I., July 31, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue second quarter 2024 results after the market closes on Thursday, August 8, 2024. A conference call will be held the next day, Friday, August 9, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with t
NEWPORT, R.I., May 9, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS Net income attributable to Pangaea of $11.7 million, or $0.25 per diluted shareAdjusted net income attributable to Pangaea of $6.6 million, or $0.14 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $19.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $1
NEWPORT, R.I., May 2, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held the next day, Friday, May 10, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with the Compa
NEWPORT, R.I., Nov. 12, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended September 30, 2024. THIRD QUARTER 2024 RESULTS Net income attributable to Pangaea of $5.1 million, or $0.11 per diluted shareAdjusted net income attributable to Pangaea of $11.1 million, or $0.24 per diluted shareOperating cash flow of $28.5 millionAdjusted EBITDA of $23.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $
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. A conference call will be held the next day, Wednesday, November 13, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available wi
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 ve
NEWPORT, RI, Aug. 8, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2024. SECOND QUARTER 2024 RESULTS Net income attributable to Pangaea of $3.7 million, or $0.08 per diluted shareAdjusted net income attributable to Pangaea of $4.6 million, or $0.10 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $15.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $16,
NEWPORT, R.I., July 31, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue second quarter 2024 results after the market closes on Thursday, August 8, 2024. A conference call will be held the next day, Friday, August 9, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with t
NEWPORT, R.I., May 9, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2024. FIRST QUARTER 2024 RESULTS Net income attributable to Pangaea of $11.7 million, or $0.25 per diluted shareAdjusted net income attributable to Pangaea of $6.6 million, or $0.14 per diluted share Operating cash flow of $9.0 millionAdjusted EBITDA of $19.9 millionTime Charter Equivalent ("TCE") rates earned by Pangaea of $1
NEWPORT, R.I., May 2, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue first quarter 2024 results after the market closes on Thursday, May 9, 2024. A conference call will be held the next day, Friday, May 10, 2024 at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will be available with the Compa
NEWPORT, R.I., March 13, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months and year ended December 31, 2023. FOURTH QUARTER 2023 RESULTS Net income of $1.1 million, or $0.03 per diluted shareAdjusted net income attributable to Pangaea Logistics Solutions Ltd. of $7.4 million, or $0.16 per diluted shareOperating cash flow of $23.9 millionAdjusted EBITDA of $19.7 millionTime Charter Equivalent ("TCE") rates earned by Pa
NEWPORT, R.I., March 8, 2024 /PRNewswire/ -- Pangaea Logistics Solutions (NASDAQ:PANL, or ", the Company", ))), a global provider of comprehensive maritime logistics solutions, today announced that it will issue fourth quarter and full year 2023 results after the market closes on Wednesday, March 13, 2024. A conference call will be held the next day, Thursday, March 14, 2024, at 8:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. The conference call will be accompanied by presentation materials, which will b
NEWPORT, R.I., Feb. 15, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2024 to all shareholders of record as of March 1, 2024. About Pangaea Logistics Solutions Ltd. Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of d
NEWPORT, R.I., March 29, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today it has appointed Karen H. Beachy to its Board of Directors. Ms. Beachy has a broad background in operations and supply chain management through decades of work with several energy companies, in the United States and internationally. She presently works with The Alliance Risk Group, LLC, providing supply chain risk analysis and serves as an independent director of Oceaneering
NEWPORT, R.I., Feb. 22, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, announced today that Mads Boye Petersen has been appointed its Chief Operating Officer, effective on April 1, 2022. Petersen replaces Mark Filanowski, who was promoted to Chief Executive Officer of Pangaea in December 2021. As Chief Operating Officer, Mr. Petersen will have broad responsibilities, including group strategy and execution, as well as capital market and ESG initiatives. He will, until further notice, continue to carry out his duties as Managing Director for the group's Danish and Singapore subsi
Alliance Global Partners upgraded Pangea Logistics Solutions from Neutral to Buy and set a new price target of $10.25
Alliance Global Partners downgraded Pangea Logistics Solutions from Buy to Neutral and set a new price target of $8.75
Alliance Global Partners initiated coverage of Pangea Logistics Solutions with a rating of Buy and set a new price target of $7.50
B. Riley Securities initiated coverage of Pangaea Logistics Solns with a rating of Buy and set a new price target of $7.50
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Alliance Global Partners analyst Poe Fratt upgrades Pangaea Logistics Solns (NASDAQ:PANL) from Neutral to Buy.
Pangaea Logistics Solns (NASDAQ:PANL) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 27.27 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $104.749 million which missed the analyst consensus estimate of $117.472 million by 10.83 percent. This is a 7.87 percent decrease over sales of $113.699 million the same period last year.
Shares of Limbach Holdings, Inc. (NASDAQ:LMB) fell sharply during Thursday’s session after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. Limbach said it sees FY24 revenue of $510 million to $530 million, versus market estimates of $541.1 million. Limbach shares dipped 14.7% to $42.42 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Aptorum Group Limited (NASDAQ:APM) shares climbed 91% to $8.27. Presto Automation Inc. (NASDAQ:PRST) shares jumped 65.2% to $0.3715 after jumping 15% on Wednesday. Cheer Holding, Inc. (NASDAQ:CHR) surged 43.3% to $3.77 following full year 2023 financial results.
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Pangaea Logistics Solns (NASDAQ:PANL) reported its Q4 earnings results on Wednesday, March 13, 2024 at 05:20 PM. Here's what investors need to know about the announcement. Earnings Pangaea Logistics Solns missed estimated earnings by -53.0%, reporting an EPS of $0.16 versus an estimate of $0.34. Revenue was up $3.95 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.16 which was followed by a 8.0% increase in the share price the next day. Here's a look at Pangaea Logistics Solns's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.16 0.17 0.06 0.29 EPS Actual 0.32 0.10 0.11 0.32 Revenue Estimate 124.54
Pangaea Logistics Solns (NASDAQ:PANL) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.34 by 52.94 percent. The company reported quarterly sales of $131.877 million which missed the analyst consensus estimate of $140.165 million by 5.91 percent. This is a 3.09 percent increase over sales of $127.923 million the same period last year.
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