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 |
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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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., Aug. 9, 2023 /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, 2023. SECOND QUARTER 2023 RESULTS(As compared to the second quarter 2022) Net income attributable to Pangaea of $2.8 million, or $0.06 per diluted shareAdjusted net income attributable to Pangaea of $4.6 million, or $0.10 per diluted shareOperating cash flow of $2.0 million, a decrease of 95% y/yAdjusted EBITDA of $15.9 million, a
NEWPORT, R.I., July 27, 2023 /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 2023 results after the market closes on Wednesday, August 9, 2023. A conference call will be held the next day, Thursday, August 10, 2023, 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 w
NEWPORT, R.I., May 10, 2023 /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, 2023. FIRST QUARTER 2023 RESULTS(As compared to the first Quarter 2022) Net income attributable to Pangaea of $3.5 million, or $0.08 per diluted shareAdjusted net income attributable to Pangaea of $5.1 million, or $0.11 per diluted shareOperating cash flow of $11.6 million, a decrease of 64% y/yAdjusted EBITDA of $16.2 million, a
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 15, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, today announced the renewal, in the same aggregate amount, of its shelf registration statement on Form S-3, as filed with the Securities and Exchange Commission ("SEC"), replacing its recently expired shelf registration statement which expired on January 28, 2024. The shelf registration statement has been filed with the SEC but has not yet been declared effective by the SEC. This press rel
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., Oct. 12, 2023 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, today announced that its 95,000 dwt. post- panamax dry bulk carrier, Nordic Nuluujaak, has been awarded the Class Silent (E) Notation by DNV, making it the first dry bulk carrier to ever receive the certification. The Silent (E) Notation is a select designation given to vessels with a demonstrated ability to effectively reduce environmental noise emissions, consistent with a focus on protecting sensitive marine ecosystems. Nordic Nuluujaak was built in 2021 at Guangzhou International Shipyard, along with thr
NEWPORT, R.I., Aug. 9, 2023 /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, 2023. SECOND QUARTER 2023 RESULTS(As compared to the second quarter 2022) Net income attributable to Pangaea of $2.8 million, or $0.06 per diluted shareAdjusted net income attributable to Pangaea of $4.6 million, or $0.10 per diluted shareOperating cash flow of $2.0 million, a decrease of 95% y/yAdjusted EBITDA of $15.9 million, a
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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., 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 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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