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    Trade Pangaea Logistics Solutions, Ltd. - PANL CFD

    6.99
    0.43%
    • Summary
    • Historical Data
    • Events
    • Income Statement
    • Balance Sheet
    • Cash Flow
    • Ownership
    Trading Conditions
    Spread 0.07
    Long position overnight fee

    Long position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee -0.026346 %
    Charges from full value of position ($-5.01)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		-0.026346%
    Short position overnight fee

    Short position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee 0.004124 %
    Charges from full value of position ($0.78)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		0.004124%
    Overnight fee time 22:00 (UTC)
    Min traded quantity 1
    Currency USD
    Margin 5%
    Stock exchange United States of America
    Commission on trade 0%

    *Information provided by Capital.com

    Pangaea Logistics Solutions Ltd ESG Risk Ratings

    High Medium Low Negligible

    ‘C’ score indicates satisfactory relative ESG performance and moderate degree of transparency in reporting material ESG data publicly.

    More ESG coverage

    Key Stats
    Prev. Close* 6.96
    Open* 7.03
    1-Year Change* 39.76%
    Day's Range* 6.95 - 7.03
    52 wk Range 4.81-7.24
    Average Volume (10 days) 180.80K
    Average Volume (3 months) 3.03M
    Market Cap 326.20M
    P/E Ratio 7.86
    Shares Outstanding 46.47M
    Revenue 495.31M
    EPS 0.89
    Dividend (Yield %) 5.69801
    Beta 0.83
    Next Earnings Date Mar 13, 2024

    All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com

    • Last Week
    • Last Month
    • Last Year
    • Last two Years
    • Max
    • Daily
    • Weekly
    • Monthly
    Date Close Change Change (%) Open High Low
    Dec 5, 2023 6.96 -0.12 -1.69% 7.08 7.08 6.89
    Dec 4, 2023 7.12 0.14 2.01% 6.98 7.16 6.97
    Dec 1, 2023 7.02 0.10 1.45% 6.92 7.17 6.92
    Nov 30, 2023 6.96 0.03 0.43% 6.93 7.06 6.90
    Nov 29, 2023 7.04 -0.15 -2.09% 7.19 7.24 7.04
    Nov 28, 2023 7.18 0.04 0.56% 7.14 7.20 7.07
    Nov 27, 2023 7.21 -0.02 -0.28% 7.23 7.40 7.07
    Nov 24, 2023 7.31 0.33 4.73% 6.98 7.36 6.98
    Nov 22, 2023 7.00 0.05 0.72% 6.95 7.03 6.94
    Nov 21, 2023 6.99 0.02 0.29% 6.97 7.05 6.92
    Nov 20, 2023 7.02 -0.02 -0.28% 7.04 7.06 6.90
    Nov 17, 2023 6.96 0.02 0.29% 6.94 7.06 6.92
    Nov 16, 2023 7.05 0.06 0.86% 6.99 7.06 6.90
    Nov 15, 2023 7.04 0.27 3.99% 6.77 7.11 6.72
    Nov 14, 2023 6.87 0.36 5.53% 6.51 6.87 6.50
    Nov 13, 2023 6.49 0.11 1.72% 6.38 6.49 6.19
    Nov 10, 2023 6.36 0.06 0.95% 6.30 6.51 6.28
    Nov 9, 2023 6.30 0.42 7.14% 5.88 6.35 5.87
    Nov 8, 2023 5.85 -0.08 -1.35% 5.93 6.04 5.82
    Nov 7, 2023 6.00 0.00 0.00% 6.00 6.03 5.94

    Pangaea Logistics Solutions, Ltd. Events

    Time (UTC) Country Event
    Wednesday, March 13, 2024

    Time (UTC)

    20:00

    Country

    US

    Event

    Q4 2023 Pangaea Logistics Solutions Ltd Earnings Release
    Q4 2023 Pangaea Logistics Solutions Ltd Earnings Release

    Forecast

    -

    Previous

    -
    View all events
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Total revenue 699.707 718.104 382.896 412.198 372.97
    Revenue 699.707 718.104 382.896 412.198 372.97
    Cost of Revenue, Total 484.421 554.576 289.65 298.429 262.104
    Gross Profit 215.286 163.528 93.2458 113.769 110.866
    Total Operating Expense 594.199 639.232 363.199 388.94 336.9
    Selling/General/Admin. Expenses, Total 20.1033 18.9665 15.915 17.3787 16.484
    Depreciation / Amortization 29.4898 22.9743 17.0553 18.5295 17.6207
    Interest Expense (Income) - Net Operating 0.31803 0 0.73007 4.5848 0.86043
    Unusual Expense (Income) 3.00781 0 1.80104 4.75114
    Other Operating Expenses, Total 56.8593 42.7155 38.0473 45.2665 39.8301
    Operating Income 105.508 78.8722 19.6971 23.2582 36.0707
    Interest Income (Expense), Net Non-Operating -14.0898 -6.4432 -7.98733 -6.5242 -12.7662
    Other, Net -5.91027 -0.05531 0.98235 0.31485 0.67709
    Net Income Before Taxes 85.5077 72.3737 12.6921 17.0489 23.9816
    Net Income After Taxes 85.5077 72.3737 12.6921 17.0489 23.9816
    Minority Interest -6.01629 -5.14687 -1.33993 -5.39091 -6.22463
    Net Income Before Extra. Items 79.4914 67.2268 11.3522 11.658 17.757
    Net Income 79.4914 67.2268 11.3522 11.658 17.757
    Income Available to Common Excl. Extra. Items 79.4914 67.2268 11.3522 11.658 17.757
    Income Available to Common Incl. Extra. Items 79.4914 67.2268 11.3522 11.658 17.757
    Diluted Net Income 79.4914 67.2268 11.3522 11.658 17.757
    Diluted Weighted Average Shares 45.0596 44.849 43.8173 43.2672 42.7836
    Diluted EPS Excluding Extraordinary Items 1.76414 1.49896 0.25908 0.26944 0.41504
    Diluted Normalized EPS 1.83089 1.49896 0.30018 0.37925 0.41504
    Dividends per Share - Common Stock Primary Issue 0.3 0.125 0.105
    Jun 2023 Mar 2023 Dec 2022 Sep 2022 Jun 2022
    Total revenue 118.076 113.699 127.923 184.477 195.544
    Revenue 118.076 113.699 127.923 184.477 195.544
    Cost of Revenue, Total 83.9599 79.4055 82.3708 125.467 133.621
    Gross Profit 34.1158 34.2936 45.5526 59.0101 61.9231
    Total Operating Expense 110.221 107.203 109.188 153.971 159.299
    Selling/General/Admin. Expenses, Total 5.92316 5.69173 3.90791 5.77667 5.13739
    Depreciation / Amortization 7.127 7.32686 7.5294 7.36556 7.29343
    Interest Expense (Income) - Net Operating 0 1.1722 0 0 0.31803
    Other Operating Expenses, Total 13.2108 13.6068 15.3802 15.3616 12.9297
    Operating Income 7.85477 6.496 18.7351 30.5063 36.2446
    Interest Income (Expense), Net Non-Operating -4.43144 -3.62423 -2.45752 -8.62508 -7.13638
    Other, Net -0.65647 0.53115 -0.46554 -2.12017 -1.62144
    Net Income Before Taxes 2.76686 3.40291 15.812 19.761 27.4867
    Net Income After Taxes 2.76686 3.40291 15.812 19.761 27.4867
    Minority Interest 0.07768 0.07136 -0.30944 -0.97261 -2.45431
    Net Income Before Extra. Items 2.84454 3.47427 15.5026 18.7884 25.0324
    Net Income 2.84454 3.47427 15.5026 18.7884 25.0324
    Income Available to Common Excl. Extra. Items 2.84454 3.47427 15.5026 18.7884 25.0324
    Income Available to Common Incl. Extra. Items 2.84454 3.47427 15.5026 18.7884 25.0324
    Diluted Net Income 2.84454 3.47427 15.5026 18.7884 25.0324
    Diluted Weighted Average Shares 45.128 45.1167 46.3657 44.6403 45.0705
    Diluted EPS Excluding Extraordinary Items 0.06303 0.07701 0.33436 0.42088 0.55541
    Dividends per Share - Common Stock Primary Issue 0.1 0.1 0.1 0.075 0.075
    Diluted Normalized EPS 0.06303 0.07701 0.33436 0.42088 0.55541
    Unusual Expense (Income) 0 0 0 0 0
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Total Current Assets 222.511 183.964 111.342 126.955 113.506
    Cash and Short Term Investments 128.385 56.2089 46.8972 50.5551 53.6147
    Cash 48.6953 21.0159 28.4538 18.4048 39.7957
    Cash & Equivalents 79.6894 35.193 18.4434 32.1503 13.819
    Total Receivables, Net 44.4767 71.2692 35.9756 34.7755 30.9616
    Accounts Receivable - Trade, Net 36.7551 54.2593 29.1521 28.3094 28.4818
    Total Inventory 29.1044 27.1478 15.9663 21.001 19.2221
    Prepaid Expenses 4.77765 5.9562 3.7064 4.92456 1.2769
    Other Current Assets, Total 15.7677 23.3815 8.79635 15.6994 8.43085
    Total Assets 748.241 707.024 450.404 479.903 453.475
    Property/Plant/Equipment, Total - Net 520.446 517.109 337.373 350.447 281.892
    Property/Plant/Equipment, Total - Gross 641.431 625.774 428.409 422.009 355.035
    Accumulated Depreciation, Total -120.984 -108.665 -91.0361 -71.5621 -73.1433
    Total Current Liabilities 92.2119 111.739 110.809 90.8549 79.0486
    Accounts Payable 9.97945 21.0907 18.6781 24.1733 19.8925
    Accrued Expenses 12.71 16.2542 7.25443 15.3283 8.77909
    Notes Payable/Short Term Debt 0 0.24285 0.24285 0.33299 2.87775
    Current Port. of LT Debt/Capital Leases 32.1476 29.9229 64.3609 35.5399 25.4927
    Other Current Liabilities, Total 37.3748 44.2285 20.2731 15.4804 22.0066
    Total Liabilities 434.015 459.822 267.638 309.657 291.787
    Total Long Term Debt 267.334 276.796 95.028 141.148 141.059
    Long Term Debt 98.8197 105.837 44.5077 83.6497 95.3743
    Minority Interest 54.4955 53.4792 51.6656 72.8257 71.6789
    Total Equity 314.226 247.202 182.766 170.246 161.688
    Preferred Stock - Non Redeemable, Net 0 0 0 0 0
    Common Stock 0.00459 0.00456 0.00455 0.00449 0.0044
    Additional Paid-In Capital 162.894 161.534 159.581 157.505 155.946
    Retained Earnings (Accumulated Deficit) 151.327 85.6634 23.1798 12.7366 5.7372
    Total Liabilities & Shareholders’ Equity 748.241 707.024 450.404 479.903 453.475
    Total Common Shares Outstanding 45.8984 45.6178 45.4478 44.8861 43.9986
    Other Long Term Assets, Total 5.28413 5.95182 1.68979 2.5 58.0768
    Capital Lease Obligations 168.514 170.96 50.5203 57.4982 45.6847
    Other Liabilities, Total 19.9744 17.807 10.1354 4.82836
    Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022
    Total Current Assets 198.484 186.93 219.763 222.511 222.686
    Cash and Short Term Investments 87.3582 84.2959 129.15 128.385 117.949
    Cash 34.2351 40.2967 30.7143 48.6953 62.0087
    Cash & Equivalents 53.1231 43.9992 98.4354 79.6894 55.9399
    Total Receivables, Net 61.8245 49.9461 39.6831 44.4767 50.1861
    Accounts Receivable - Trade, Net 53.4986 42.8224 33.4397 36.7551 42.3433
    Total Inventory 26.3472 27.4522 26.7343 29.1044 30.652
    Prepaid Expenses 6.76644 6.31775 5.57799 4.77765 3.73566
    Other Current Assets, Total 16.188 18.9184 18.6178 15.7677 20.1634
    Total Assets 728.594 724.573 730.228 748.241 738.911
    Property/Plant/Equipment, Total - Net 520.932 528.431 504.731 520.446 510.018
    Total Current Liabilities 115.286 110.698 87.1246 92.2119 91.1008
    Accounts Payable 9.32115 14.546 9.81297 9.97945 13.0555
    Accrued Expenses 15.6819 15.9414 9.56344 12.71 21.9963
    Notes Payable/Short Term Debt 0 0 0 0 0
    Current Port. of LT Debt/Capital Leases 58.1362 48.6828 29.841 32.1476 29.1775
    Other Current Liabilities, Total 32.1467 31.5276 37.9072 37.3748 26.8715
    Total Liabilities 401.884 412.348 416.46 434.015 435.5
    Total Long Term Debt 217.428 234.068 260.081 267.334 268.944
    Long Term Debt 70.9538 73.441 95.5616 98.8197 96.4474
    Capital Lease Obligations 146.474 160.627 164.52 168.514 172.497
    Minority Interest 50.6682 49.3464 49.4241 54.4955 54.186
    Other Liabilities, Total 18.5022 18.235 19.8297 19.9744 21.2688
    Total Equity 326.71 312.225 313.768 314.226 303.411
    Common Stock 0.00465 0.00465 0.00465 0.00459 0.00459
    Additional Paid-In Capital 164.16 163.89 163.623 162.894 162.705
    Retained Earnings (Accumulated Deficit) 162.545 148.33 150.14 151.327 140.702
    Total Liabilities & Shareholders’ Equity 728.594 724.573 730.228 748.241 738.911
    Total Common Shares Outstanding 46.4666 46.4666 46.4666 45.8984 45.9227
    Preferred Stock - Non Redeemable, Net 0 0 0 0 0
    Other Long Term Assets, Total 6.10679 5.73446 5.28413 6.20745
    Goodwill, Net 3.1048 3.1048
    Intangibles, Net 2.01224
    Long Term Investments 4.06076
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Net income/Starting Line 85.5077 72.3737 12.6921 17.0489 23.9816
    Cash From Operating Activities 134.801 61.7453 20.8355 44.4587 40.1349
    Cash From Operating Activities 29.4898 22.9743 17.0553 18.5295 17.6207
    Non-Cash Items 7.80761 -7.20818 -0.82511 8.31844 4.65463
    Cash Interest Paid 14.907 9.08868 7.14921 9.25074 8.63646
    Changes in Working Capital 11.9963 -26.3945 -8.08677 0.56195 -6.12205
    Cash From Investing Activities -28.5091 -197.792 -6.88772 -46.6022 -17.5095
    Capital Expenditures -36.3939 -194.664 -2.89278 -41.6338 -17.5411
    Other Investing Cash Flow Items, Total 7.88484 -3.12884 -3.99494 -4.96847 0.03159
    Cash From Financing Activities -34.1166 143.859 -18.6057 -0.91613 -5.04249
    Financing Cash Flow Items -7.92444 3.45703 -0.5309 -2.60091 -1.77949
    Total Cash Dividends Paid -13.415 -5.53526 -0.53515 -8.09021 -2.27
    Issuance (Retirement) of Debt, Net -12.7772 145.937 -17.5396 9.77499 -0.94218
    Net Change in Cash 72.1757 7.81169 -4.65788 -3.05964 17.5829
    Issuance (Retirement) of Stock, Net 0 -0.05081
    Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022
    Net income/Starting Line 3.40291 85.5077 69.6957 49.9346 22.4479
    Cash From Operating Activities 11.5716 134.801 101.868 69.2251 32.062
    Cash From Operating Activities 7.32686 29.4898 21.9604 14.5948 7.30142
    Non-Cash Items 0.67232 7.80761 6.90559 0.01149 -2.61575
    Changes in Working Capital 0.16956 11.9963 3.30659 4.68409 4.92845
    Cash From Investing Activities 8.79449 -28.5091 -11.5118 -10.1918 -18.2474
    Capital Expenditures -0.07529 -36.3939 -18.371 -18.5733 -18.3289
    Other Investing Cash Flow Items, Total 8.86978 7.88484 6.85913 8.3815 0.0815
    Cash From Financing Activities -19.6011 -34.1166 -28.6167 -13.0668 -0.10205
    Financing Cash Flow Items -5.12728 -7.92444 -5.61895 -5.61895 -5.61895
    Total Cash Dividends Paid -4.64779 -13.415 -8.96604 -5.62933 -2.29262
    Issuance (Retirement) of Debt, Net -9.826 -12.7772 -14.0317 -1.81851 7.80951
    Net Change in Cash 0.76507 72.1757 61.7397 45.9665 13.7126
    Investor Name Investor Type Percent Outstanding Shares Held Shares change Holdings Date Turnover Rating
    Rockland Trust Company Bank and Trust 18.3858 8543254 0 2023-09-30 LOW
    Boggild (Carl Claus) Individual Investor 17.9227 8328092 0 2023-06-16 LOW
    SwissMarine Pte Ltd Corporation 5.3409 2481713 2481713 2023-09-19
    Coll (Edward) Individual Investor 5.0846 2362620 0 2023-06-16 LOW
    Wellington Management Company, LLP Investment Advisor/Hedge Fund 4.7829 2222457 -37300 2023-06-30 LOW
    BlackRock Institutional Trust Company, N.A. Investment Advisor 4.2011 1952092 1701832 2023-06-30 LOW
    Dimensional Fund Advisors, L.P. Investment Advisor/Hedge Fund 2.727 1267123 111522 2023-06-30 LOW
    Acadian Asset Management LLC Investment Advisor/Hedge Fund 2.3293 1082326 -70088 2023-06-30 MED
    Rosenfeld (Eric Stuart) Individual Investor 2.0253 941072 0 2023-06-16 LOW
    VR Capital Group Ltd Hedge Fund 1.6141 750000 -336214 2023-06-30 LOW
    Geode Capital Management, L.L.C. Investment Advisor/Hedge Fund 1.5311 711450 340906 2023-06-30 LOW
    The Vanguard Group, Inc. Investment Advisor/Hedge Fund 1.4483 672981 142729 2023-06-30 LOW
    Petersen (Mads Rosenber Boye) Individual Investor 1.2561 583676 0 2023-06-16 LOW
    Bridgeway Capital Management, LLC Investment Advisor 1.1337 526810 8060 2023-06-30 MED
    State Street Global Advisors (US) Investment Advisor/Hedge Fund 1.0898 506410 371790 2023-06-30 LOW
    LSV Asset Management Investment Advisor 1.039 482800 157602 2023-06-30 LOW
    Goldman Sachs & Company, Inc. Research Firm 0.9835 457016 197721 2023-06-30 MED
    Invesco Capital Management LLC Investment Advisor 0.9615 446793 366959 2023-06-30 LOW
    Filanowski Mark L Individual Investor 0.8731 405683 0 2023-06-16 LOW
    Sgro (David Daniel) Individual Investor 0.8117 377149 0 2023-06-16 LOW

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    Pangaea Logistics Solutions, Ltd. Company profile

    About Pangaea Logistics Solutions Ltd

    Pangaea Logistics Solutions, Ltd. provides seaborn dry bulk logistics and transportation services through its subsidiaries. The Company provides logistics and transportation services to clients utilizing an ocean-going fleet of motor vessels in the Handymax, Supramax, Ultramax and Panamax segments. It utilizes its logistics capabilities to service a base of industrial customers who require the transportation of a range of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the logistics needs of its customers by undertaking services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and vessel technical management. It operates over 17 vessels, which were wholly owned or partially owned through joint ventures and uses this fleet to transport approximately 26 million tons of cargo annually to nearly over 300 ports worldwide.

    Financial summary

    BRIEF: For the fiscal year ended 31 December 2021, Pangaea Logistics Solutions Ltd revenues increased 88% to $718.1M. Net income increased from $11.4M to $67.2M. Revenues reflect Voyage revenue increase of 76% to $614.5M, Charter revenue increase from $33.2M to $103.6M. Net income benefited from Unrealized loss on derivative instrumen increase from $156K (expense) to $3.9M (income), Loss on impairment of vessels decrease from $1.8M (expense) to $0K.

    Industry: Marine Freight & Logistics (NEC)

    109 Long Wharf
    NEWPORT
    RHODE ISLAND 02840
    US

    Income Statement

    • Annual
    • Quarterly

    News

    December RBA preview: no move expected at the final meeting of 2023

    The RBA meets on Tuesday, 5th of December, 2023, at 2.30 PM (AEDT). We preview what to expect from this month’s decision.

    14:47, 4 December 2023

    CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs

    CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs

    12:39, 30 November 2023

    Euro Zone CPI expected to continue dropping; economists warn about cutting too soon

    EZ PI expected to drop further but speed of decline

    08:16, 29 November 2023

    A weaker Dollar drives gold higher

    Gold prices have returned above $US2000 per ounce. We run through the factors driving gold and the commodity’s key technicals.

    13:49, 28 November 2023

    Q3 US Earnings Recap: Profits surprise to the upside, but outlook remains uncertain

    US earnings for the third quarter were far better than expected. However, uncertainty about the outlook for company profits continues. We review the quarterly earnings and look ahead to what the markets expect from S&P 500 companies going forward.

    13:20, 28 November 2023

    RBNZ Preview: Rates expected to remain unchanged at final meeting of 2023

    The RBNZ meets for the final time this year on Wednesday, 29th of November, 2023. We preview what to expect and how it could impact the New Zealand Dollar.

    13:04, 28 November 2023

    Crude prices slide on OPEC+ uncertainty

    Crude prices have chopped sideways amid signs of turmoil within OPEC+. We look at the fundamentals of the oil market and the technical levels of WTI.

    12:55, 28 November 2023

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