Symbols / PANL Stock $7.30 -0.21% Pangaea Logistics Solutions Ltd.

Industrials • Marine Shipping • United States • NCM
PANL (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Marine Shipping
CEO Mr. Mads Rosenberg Boye Petersen
Exch · Country NCM · United States
Market Cap 477.20M
Enterprise Value 794.24M
Income 34.64M
Sales 679.82M
FCF (ttm) 46.42M
Book/sh 6.74
Cash/sh 1.37
Employees 170
Insider 10d —
IPO Dec 19, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 37.04%
P/E 13.51
Forward P/E 8.26
PEG —
P/S 0.70
P/B 1.08
P/C —
EV/EBITDA 8.80
EV/Sales 1.17
Quick Ratio 1.08
Current Ratio 1.63
Debt/Eq 73.95
LT Debt/Eq —
EPS (ttm) 0.54
EPS next Y 0.88
EPS Growth —
Revenue Growth 38.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-11
ROA 3.07%
ROE 7.55%
ROIC —
Gross Margin 18.25%
Oper. Margin 6.35%
Profit Margin 5.10%
Shs Outstand 65.41M
Shs Float 28.10M
Insider Own 51.19%
Instit Own 42.12%
Short Float 2.92%
Short Ratio 1.87
Short Interest 1.04M
52W High 9.39
vs 52W High -22.31%
52W Low 4.46
vs 52W Low 63.57%
Beta 0.80
Impl. Vol. 71.97%
Rel Volume 0.31
Avg Volume 650.83K
Volume 200.25K
Target (mean) $10.85
Tgt Median $10.80
Tgt Low $10.25
Tgt High $11.50
# Analysts 3
Recom None
Prev Close $7.31
Price $7.29
Change -0.21%
About

Pangaea Logistics Solutions Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers transportation services for various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone; and terminal and stevedoring services. The company also provides cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. It owns and operates a fleet of 7 vessels. The company was founded in 1996 and is headquartered in Newport, Rhode Island.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.85
Mean price target
2. Current target
$7.30
Latest analyst target
3. DCF / Fair value
$12.77
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.30
Low
$10.25
High
$11.50
Mean
$10.85

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-11 main B. Riley Securities Buy → Buy $9
2024-05-13 up Alliance Global Partners Neutral → Buy —
2024-02-05 down Alliance Global Partners Buy → Neutral —
2022-08-03 init Alliance Global Partners — → Buy $8
2021-09-17 init B. Riley Securities — → Buy $8
2017-10-10 init Fearnleys — → Buy $4
2013-04-15 main Canaccord Genuity — → Hold $32
2013-04-12 up Oppenheimer Market Perform → Outperform $37
2013-04-04 up Needham Hold → Buy $35
2013-02-28 main Deutsche Bank — → Buy $35
2013-02-25 main Wedbush — → Neutral $28
2012-11-08 down Wedbush Outperform → Neutral $20
2012-10-17 init JMP Securities — → Market Outperform $50
2012-08-13 up Wedbush Neutral → Outperform $56
2012-07-24 main Canaccord Genuity — → Hold $30
2012-07-20 main Piper Sandler — → Underweight $28
2012-06-22 init Deutsche Bank — → Buy $45
News
RSS: Latest PANL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-26 ROSENFELD ERIC STUART Director — 100,000 $8.37 $837,000
2026-03-25 DELSIGNORE GIANNI Chief Financial Officer — 25,588 $0.00 $0
2026-03-25 PETERSEN MADS ROSENBER BOYE Chief Executive Officer — 47,420 $0.00 $0
2026-03-25 SCHILDT DANIEL Officer — 20,568 $0.00 $0
2026-03-19 DELSIGNORE GIANNI Chief Financial Officer — 23,779 $6.99 $166,215
2026-03-18 PETERSEN MADS ROSENBER BOYE Chief Executive Officer — 19,572 $7.06 $138,237
2026-02-20 DU MOULIN RICHARD T. Director — 14,151 $8.48 $120,000
2026-02-18 ROSENFELD ERIC STUART Director — 14,151 $8.48 $120,000
2026-02-18 SGRO DAVID DANIEL Director — 14,151 $8.48 $120,000
2026-02-18 LAURA ANTHONY Director — 14,151 $8.48 $120,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
632.04
+17.80%
536.54
+7.46%
499.27
-28.65%
699.71
Operating Revenue
632.04
+17.80%
536.54
+7.46%
499.27
-28.65%
699.71
Cost Of Revenue
563.03
+21.48%
463.46
+7.75%
430.13
-24.64%
570.77
Reconciled Cost Of Revenue
563.03
+21.48%
463.46
+7.75%
430.13
-24.64%
570.77
Gross Profit
69.02
-5.55%
73.07
+5.70%
69.14
-46.38%
128.94
Operating Expense
31.07
+26.17%
24.63
+8.10%
22.78
+13.32%
20.10
Selling General And Administration
31.07
+26.17%
24.63
+8.10%
22.78
+13.32%
20.10
General And Administrative Expense
31.07
+26.17%
24.63
+8.10%
22.78
+13.32%
20.10
Other Gand A
31.07
+26.17%
24.63
+8.10%
22.78
+13.32%
20.10
Total Expenses
594.10
+21.72%
488.09
+7.77%
452.91
-23.35%
590.87
Operating Income
37.94
-21.68%
48.45
+4.51%
46.36
-57.41%
108.83
Total Operating Income As Reported
40.94
-15.49%
48.45
+8.59%
44.62
-57.71%
105.51
EBITDA
86.65
+5.25%
82.32
+8.18%
76.10
-44.62%
137.42
Normalized EBITDA
85.00
+2.08%
83.28
+3.11%
80.76
-42.34%
140.06
Reconciled Depreciation
42.48
+39.83%
30.38
+1.02%
30.07
+1.97%
29.49
EBIT
44.17
-14.96%
51.95
+12.86%
46.03
-57.36%
107.93
Total Unusual Items
1.65
+272.61%
-0.95
+79.57%
-4.66
-76.43%
-2.64
Total Unusual Items Excluding Goodwill
1.65
+272.61%
-0.95
+79.57%
-4.66
-76.43%
-2.64
Special Income Charges
3.00
0.00
+100.00%
-1.74
+47.73%
-3.33
Impairment Of Capital Assets
—
—
0.00
-100.00%
3.01
Net Income
19.37
-32.99%
28.90
+9.80%
26.32
-66.89%
79.49
Pretax Income
20.17
-36.52%
31.77
+11.33%
28.54
-66.63%
85.51
Net Non Operating Interest Income Expense
-22.37
-30.44%
-17.15
-23.26%
-13.92
+35.25%
-21.49
Interest Expense Non Operating
24.01
+18.98%
20.18
+15.37%
17.49
-22.01%
22.42
Net Interest Income
-22.37
-30.44%
-17.15
-23.26%
-13.92
+35.25%
-21.49
Interest Expense
24.01
+18.98%
20.18
+15.37%
17.49
-22.01%
22.42
Interest Income Non Operating
1.63
-46.01%
3.02
-15.37%
3.57
+283.25%
0.93
Interest Income
1.63
-46.01%
3.02
-15.37%
3.57
+283.25%
0.93
Other Income Expense
4.60
+867.79%
0.47
+112.17%
-3.90
-112.50%
-1.84
Other Non Operating Income Expenses
2.95
+106.72%
1.43
+87.53%
0.76
-5.66%
0.81
Gain On Sale Of Security
-1.35
-42.18%
-0.95
+67.42%
-2.93
-528.73%
0.68
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.35
+272.61%
-0.20
+79.57%
-0.98
-76.43%
-0.56
Net Income Including Noncontrolling Interests
20.17
-36.52%
31.77
+11.32%
28.54
-66.63%
85.51
Net Income From Continuing Operation Net Minority Interest
19.37
-32.99%
28.90
+9.80%
26.32
-66.89%
79.49
Net Income From Continuing And Discontinued Operation
19.37
-32.99%
28.90
+9.80%
26.32
-66.89%
79.49
Net Income Continuous Operations
20.17
-36.52%
31.77
+11.33%
28.54
-66.63%
85.51
Minority Interests
-0.80
+72.16%
-2.87
-29.42%
-2.21
+63.19%
-6.02
Normalized Income
18.07
-39.07%
29.66
-1.17%
30.01
-63.22%
81.58
Net Income Common Stockholders
19.37
-32.99%
28.90
+9.80%
26.32
-66.89%
79.49
Diluted EPS
0.30
-52.38%
0.63
+8.62%
0.58
-67.05%
1.76
Basic EPS
0.30
-53.13%
0.64
+8.47%
0.59
-67.04%
1.79
Basic Average Shares
63.80
+40.56%
45.39
+1.38%
44.77
+0.84%
44.40
Diluted Average Shares
64.70
+40.52%
46.05
+1.25%
45.48
+0.92%
45.06
Diluted NI Availto Com Stockholders
19.37
-32.99%
28.90
+9.80%
26.32
-66.89%
79.49
Gain On Sale Of PPE
3.00
0.00
+100.00%
-1.74
-446.65%
-0.32
Rent Expense Supplemental
129.74
-0.79%
130.76
+17.77%
111.03
-50.06%
222.33
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
928.10
-0.89%
936.46
+32.80%
705.18
-5.76%
748.24
Current Assets
215.78
+12.39%
191.99
+0.09%
191.83
-13.79%
222.51
Cash Cash Equivalents And Short Term Investments
103.05
+18.72%
86.81
-12.35%
99.04
-22.86%
128.38
Cash And Cash Equivalents
103.05
+18.72%
86.81
-12.35%
99.04
-22.86%
128.38
Cash Equivalents
27.83
-35.94%
43.44
-10.91%
48.76
-38.81%
79.69
Cash Financial
75.23
+73.48%
43.36
-13.75%
50.28
+3.24%
48.70
Receivables
67.04
+34.82%
49.72
-7.35%
53.67
+20.67%
44.48
Accounts Receivable
55.85
+31.82%
42.37
-11.53%
47.89
+30.30%
36.76
Gross Accounts Receivable
61.87
+29.26%
47.86
-10.62%
53.55
+30.22%
41.12
Allowance For Doubtful Accounts Receivable
-6.02
-9.54%
-5.49
+2.91%
-5.66
-29.53%
-4.37
Other Receivables
11.18
+52.12%
7.35
+27.25%
5.78
-25.18%
7.72
Inventory
28.39
-13.57%
32.85
+98.40%
16.56
-43.11%
29.10
Prepaid Assets
11.31
-12.09%
12.87
+34.26%
9.58
+15.87%
8.27
Restricted Cash
0.57
-82.50%
3.27
-12.88%
3.75
+15.78%
3.24
Hedging Assets Current
0.52
-74.40%
2.05
-39.51%
3.38
-30.83%
4.89
Other Current Assets
4.89
+10.16%
4.44
-24.08%
5.85
+41.06%
4.14
Total Non Current Assets
712.32
-4.32%
744.46
+45.02%
513.35
-2.35%
525.73
Net PPE
704.39
-4.37%
736.60
+45.96%
504.66
-3.03%
520.45
Gross PPE
897.05
-0.24%
899.25
+40.02%
642.21
+0.12%
641.43
Accumulated Depreciation
-192.66
-18.45%
-162.65
-18.24%
-137.55
-13.70%
-120.98
Properties
3.24
+7.76%
3.00
+16.78%
2.57
+1.20%
2.54
Machinery Furniture Equipment
8.25
+91.48%
4.31
+3.87%
4.15
+79.46%
2.31
Construction In Progress
—
—
—
0.00
Other Properties
30.27
+40.49%
21.55
+17.05%
18.41
+19.46%
15.41
Goodwill And Other Intangible Assets
3.68
-10.53%
4.11
-15.73%
4.88
0.00
Goodwill
3.10
+0.00%
3.10
+0.01%
3.10
0.00
Other Intangible Assets
0.58
-42.91%
1.01
-43.22%
1.78
—
Investments And Advances
3.98
+6.21%
3.75
-1.61%
3.81
-27.84%
5.28
Long Term Equity Investment
2.55
-3.73%
2.65
-8.39%
2.89
-39.56%
4.79
Other Investments
1.43
+30.15%
1.10
+19.74%
0.92
+85.14%
0.50
Other Non Current Assets
0.27
—
—
—
Total Liabilities Net Minority Interest
453.36
-1.83%
461.79
+37.86%
334.98
-11.73%
379.52
Current Liabilities
128.03
+17.35%
109.11
+3.58%
105.33
+14.23%
92.21
Payables And Accrued Expenses
43.05
+18.18%
36.43
+11.78%
32.59
-0.20%
32.65
Payables
24.16
-12.55%
27.63
+77.83%
15.54
-22.10%
19.94
Accounts Payable
14.33
-3.30%
14.82
+136.03%
6.28
-37.09%
9.98
Other Payable
7.83
-24.87%
10.42
+28.44%
8.11
-13.12%
9.34
Dividends Payable
1.20
-1.07%
1.21
+5.64%
1.15
+83.07%
0.63
Current Accrued Expenses
18.89
+114.65%
8.80
-48.39%
17.05
+34.16%
12.71
Pensionand Other Post Retirement Benefit Plans Current
3.79
+3.58%
3.66
—
—
Current Debt And Capital Lease Obligation
46.88
+4.91%
44.69
-15.24%
52.72
+64.00%
32.15
Current Debt
16.91
+2.01%
16.58
-46.10%
30.75
+94.85%
15.78
Other Current Borrowings
16.91
+2.01%
16.58
-46.10%
30.75
+94.85%
15.78
Current Capital Lease Obligation
29.97
+6.62%
28.11
+27.95%
21.97
+34.25%
16.37
Current Deferred Liabilities
24.89
+61.14%
15.45
-1.17%
15.63
-25.16%
20.88
Current Deferred Revenue
24.89
+61.14%
15.45
-1.17%
15.63
-25.16%
20.88
Other Current Liabilities
9.42
+6.02%
8.88
+102.23%
4.39
-32.68%
6.53
Total Non Current Liabilities Net Minority Interest
325.32
-7.76%
352.69
+53.58%
229.65
-20.07%
287.31
Long Term Debt And Capital Lease Obligation
105.55
-14.29%
123.16
-41.83%
211.71
-20.81%
267.33
Long Term Debt
97.16
-13.81%
112.72
+64.69%
68.45
-30.74%
98.82
Long Term Capital Lease Obligation
8.39
-19.54%
10.43
-92.72%
143.27
-14.98%
168.51
Other Non Current Liabilities
219.77
-4.25%
229.53
+1179.68%
17.94
-10.20%
19.97
Stockholders Equity
429.33
+0.35%
427.82
+32.09%
323.89
+3.07%
314.23
Common Stock Equity
429.33
+0.35%
427.82
+32.09%
323.89
+3.07%
314.23
Capital Stock
0.01
+16.67%
0.01
+29.09%
0.00
+1.26%
0.00
Common Stock
0.01
+16.67%
0.01
+29.09%
0.00
+1.26%
0.00
Preferred Stock
—
0.00
0.00
0.00
Share Issued
64.97
+0.02%
64.96
+39.80%
46.47
+1.24%
45.90
Ordinary Shares Number
64.97
+0.02%
64.96
+39.80%
46.47
+1.24%
45.90
Additional Paid In Capital
257.07
-0.61%
258.66
+56.90%
164.85
+1.20%
162.89
Retained Earnings
172.25
+1.83%
169.16
+6.37%
159.03
+5.09%
151.33
Minority Interest
45.40
-3.07%
46.84
+1.15%
46.31
-15.02%
54.50
Total Equity Gross Minority Interest
474.74
+0.02%
474.66
+28.22%
370.20
+0.40%
368.72
Total Capitalization
526.49
-2.60%
540.54
+37.78%
392.33
-5.01%
413.05
Working Capital
87.74
+5.86%
82.89
-4.17%
86.49
-33.62%
130.30
Invested Capital
543.40
-2.46%
557.12
+31.68%
423.08
-1.34%
428.83
Total Debt
152.43
-9.18%
167.84
-36.53%
264.44
-11.70%
299.48
Net Debt
11.01
-74.08%
42.49
+26429.48%
0.16
—
Capital Lease Obligations
38.37
-0.46%
38.55
-76.67%
165.24
-10.62%
184.88
Net Tangible Assets
425.65
+0.46%
423.71
+32.82%
319.00
+1.52%
314.23
Tangible Book Value
425.65
+0.46%
423.71
+32.82%
319.00
+1.52%
314.23
Current Notes Payable
—
—
—
0.00
Dueto Related Parties Current
0.81
-31.75%
1.18
—
—
Investments In Other Ventures Under Equity Method
2.55
-3.73%
2.65
-8.39%
2.89
-39.56%
4.79
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
53.73
-18.21%
65.69
+22.13%
53.79
-60.10%
134.80
Cash Flow From Continuing Operating Activities
53.73
-18.21%
65.69
+22.13%
53.79
-60.10%
134.80
Net Income From Continuing Operations
20.17
-36.52%
31.77
+11.32%
28.54
-66.63%
85.51
Depreciation Amortization Depletion
42.48
+39.83%
30.38
+1.02%
30.07
+1.97%
29.49
Depreciation And Amortization
42.48
+39.83%
30.38
+1.02%
30.07
+1.97%
29.49
Other Non Cash Items
-16.13
-729.53%
-1.94
+25.91%
-2.62
-243.69%
1.83
Stock Based Compensation
4.11
+47.45%
2.79
+33.54%
2.09
+18.11%
1.77
Provisionand Write Offof Assets
1.54
-16.08%
1.83
-37.56%
2.94
+23.62%
2.38
Asset Impairment Charge
—
—
0.00
-100.00%
3.01
Operating Gains Losses
-4.60
-507.27%
-0.76
-119.02%
3.98
+439.70%
-1.17
Gain Loss On Investment Securities
1.35
+42.18%
0.95
-67.42%
2.93
+528.73%
-0.68
Gain Loss On Sale Of PPE
-3.00
0.00
-100.00%
1.74
+446.65%
0.32
Change In Working Capital
6.16
+279.06%
1.62
+114.50%
-11.20
-193.39%
12.00
Change In Receivables
-15.02
-507.60%
3.69
+126.19%
-14.08
-193.05%
15.13
Changes In Account Receivables
-15.02
-507.60%
3.69
+126.19%
-14.08
-193.05%
15.13
Change In Inventory
4.46
+140.43%
-11.03
-187.90%
12.55
+741.30%
-1.96
Change In Prepaid Assets
-0.19
+92.79%
-2.69
-684.48%
-0.34
-101.80%
19.09
Change In Payables And Accrued Expense
7.47
-36.90%
11.84
+390.24%
-4.08
+54.37%
-8.94
Change In Payable
7.47
-36.90%
11.84
+390.24%
-4.08
+54.37%
-8.94
Change In Account Payable
7.47
-36.90%
11.84
+390.24%
-4.08
+54.37%
-8.94
Change In Other Working Capital
9.44
+5289.01%
-0.18
+96.54%
-5.25
+53.59%
-11.32
Investing Cash Flow
11.41
+116.86%
-67.69
-323.56%
-15.98
+43.94%
-28.51
Cash Flow From Continuing Investing Activities
11.41
+116.86%
-67.69
-323.56%
-15.98
+43.94%
-28.51
Net PPE Purchase And Sale
10.71
+115.42%
-69.43
-594.84%
-9.99
+64.30%
-27.99
Purchase Of PPE
-6.49
+90.66%
-69.43
-154.67%
-27.26
+25.09%
-36.39
Sale Of PPE
17.20
0.00
-100.00%
17.27
+105.61%
8.40
Capital Expenditure
-6.49
+90.66%
-69.43
-154.67%
-27.26
+25.09%
-36.39
Net Investment Purchase And Sale
—
—
—
—
Purchase Of Investment
—
—
—
—
Net Business Purchase And Sale
-3.43
-1895.93%
-0.17
+97.74%
-7.63
-1380.56%
-0.52
Purchase Of Business
-3.43
-1895.93%
-0.17
+97.74%
-7.63
-1380.56%
-0.52
Financing Cash Flow
-48.62
-375.26%
-10.23
+84.77%
-67.15
-96.83%
-34.12
Cash Flow From Continuing Financing Activities
-48.62
-375.25%
-10.23
+84.77%
-67.15
-96.83%
-34.12
Net Issuance Payments Of Debt
-26.78
-179.01%
33.90
+194.10%
-36.02
-363.16%
-7.78
Issuance Of Debt
18.70
-79.02%
89.15
0.00
-100.00%
23.50
Repayment Of Debt
-45.49
+17.68%
-55.25
-53.39%
-36.02
-15.17%
-31.28
Long Term Debt Issuance
18.70
-79.02%
89.15
0.00
-100.00%
23.50
Long Term Debt Payments
-45.49
+17.68%
-55.25
-53.39%
-36.02
-15.17%
-31.28
Net Long Term Debt Issuance
-26.78
-179.01%
33.90
+194.10%
-36.02
-363.16%
-7.78
Net Common Stock Issuance
-3.00
0.00
—
—
Common Stock Payments
-3.00
0.00
—
—
Common Stock Dividend Paid
-16.30
+12.86%
-18.71
-3.35%
-18.10
-34.95%
-13.41
Cash Dividends Paid
-16.30
+12.86%
-18.71
-3.35%
-18.10
-34.95%
-13.41
Repurchase Of Capital Stock
-3.00
0.00
—
—
Proceeds From Stock Option Exercised
—
0.00
+100.00%
-0.13
+68.80%
-0.41
Net Other Financing Charges
-2.54
+90.02%
-25.42
-97.03%
-12.90
-3.06%
-12.52
Changes In Cash
16.52
+235.04%
-12.23
+58.32%
-29.35
-140.66%
72.18
Beginning Cash Position
86.81
-12.35%
99.04
-22.86%
128.38
+128.41%
56.21
End Cash Position
103.32
+19.03%
86.81
-12.35%
99.04
-22.86%
128.38
Free Cash Flow
47.24
+1362.74%
-3.74
-114.10%
26.52
-73.05%
98.41
Interest Paid Supplemental Data
24.32
+35.21%
17.98
-4.60%
18.85
+26.45%
14.91
Dividends Received CFI
4.13
+116.49%
1.91
+16.64%
1.64
0.00
Earnings Losses From Equity Investments
-2.95
-72.63%
-1.71
-149.83%
-0.68
+15.20%
-0.81
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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