Pangaea Logistic

PANL · NASDAQ · Industrials / Marine Shipping

9.28USD-0.18 (-1.90%)

Price History

Full chart

Market Stats

Previous Close9.46

Open9.46

Day Range9.24 – 9.55

52-Week Range4.40 – 9.21

Volume971.59K

Market Cap524.44M

P/E (TTM)10.97

Forward P/E8.21

EPS0.73

Dividend Yield4.99%

Beta0.78

50-Day Avg7.85

200-Day Avg7.67

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.

Company Details

SectorIndustrials
IndustryMarine Shipping
CEOMr. Mads Rosenberg Boye Petersen
Employees170
Headquarters109 Long Wharf, Newport, RI, United States, 02840, USA
Websitehttps://www.pangaeals.com

Leadership

Mr. Mads Rosenberg Boye PetersenPresident, CEO & Director · b. 1980
Mr. Gianni Del SignoreCFO & Secretary · b. 1983
Mr. Daniel SchildtChief Strategy Officer

Financials

Income Statement

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	61.29M	387.06M	392.47M	398.28M	287.33M	238.02M	385.95M	372.97M	412.20M	382.90M	718.10M	699.71M	499.27M	536.54M	632.04M
Growth (%)	-	+531.53%	+1.40%	+1.48%	-27.86%	-17.16%	+62.15%	-3.36%	+10.52%	-7.11%	+87.55%	-2.56%	-28.65%	+7.46%	+17.80%
Cost of Revenue	-	349.21M	359.49M	380.38M	245.85M	212.35M	345.48M	319.56M	362.22M	344.75M	620.27M	570.77M	430.13M	463.46M	563.03M
Gross Profit	61.29M	37.85M	32.98M	17.90M	41.49M	25.67M	40.46M	53.42M	49.97M	38.14M	97.84M	128.94M	69.14M	73.08M	69.02M
Gross Margin	100.00%	9.78%	8.40%	4.49%	14.44%	10.78%	10.48%	14.32%	12.12%	9.96%	13.62%	18.43%	13.85%	13.62%	10.92%
Operating Expense	55.60M	18.21M	11.60M	20.39M	20.96M	12.77M	24.44M	17.34M	26.71M	18.45M	18.97M	23.43M	24.52M	24.63M	31.07M
Operating Income	5.69M	19.64M	21.38M	-2.49M	20.53M	12.89M	16.03M	36.07M	23.26M	19.70M	78.87M	105.51M	44.62M	48.45M	37.94M
Operating Margin	9.28%	5.08%	5.45%	-0.63%	7.14%	5.42%	4.15%	9.67%	5.64%	5.14%	10.98%	15.08%	8.94%	9.03%	6.00%
EBITDA	-	26.32M	32.15M	4.25M	31.95M	29.00M	32.99M	50.50M	44.86M	37.58M	106.86M	137.42M	76.10M	82.32M	86.65M
EBITDA Margin	-	6.80%	8.19%	1.07%	11.12%	12.19%	8.55%	13.54%	10.88%	9.81%	14.88%	19.64%	15.24%	15.34%	13.71%
Net Income	3.16M	-2.69M	15.45M	-12.13M	11.28M	7.46M	7.81M	17.76M	11.66M	11.35M	67.23M	79.49M	26.32M	28.90M	19.37M
Net Income Margin	5.15%	-0.69%	3.94%	-3.05%	3.92%	3.13%	2.02%	4.76%	2.83%	2.96%	9.36%	11.36%	5.27%	5.39%	3.06%
R&D	24.13M	30.03M	34.22M	41.15M	44.64M	42.74M	49.14M	53.72M	-	83.89M	99.67M	117.06M	-	-	-
R&D as % of Total Revenue	39.37%	7.76%	8.72%	10.33%	15.54%	17.96%	12.73%	14.40%	-	21.91%	13.88%	16.73%	-	-	-
Interest Expense	0	0	7.02M	6.23M	5.86M	5.74M	8.27M	8.90M	9.28M	7.83M	11.51M	22.42M	17.49M	20.18M	24.01M
Interest Expense % of Total Revenue	0.00%	0.00%	1.79%	1.56%	2.04%	2.41%	2.14%	2.39%	2.25%	2.05%	1.60%	3.20%	3.50%	3.76%	3.80%

Balance Sheet

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	373.88M	231.14M	99.06M	332.46M	366.96M	362.19M	423.30M	453.47M	479.90M	450.40M	707.02M	748.24M	705.18M	936.46M	928.10M
Total Liabilities	31.65M	158.02M	20.14K	232.12M	201.65M	185.52M	212.64M	220.11M	236.83M	215.97M	406.34M	379.52M	334.98M	461.79M	453.36M
Total Equity	342.23M	69.91M	99.03M	97.82M	108.21M	116.27M	145.35M	233.37M	170.25M	182.77M	247.20M	314.23M	323.89M	427.82M	429.33M
Cash	111.80M	20.38M	485.01K	29.82M	37.52M	22.32M	34.53M	53.61M	50.56M	46.90M	56.21M	128.38M	99.04M	86.81M	103.05M
Total Debt	-	105.27M	127.29M	167.34M	162.32M	143.24M	170.41M	169.43M	177.02M	159.63M	306.96M	299.48M	264.44M	397.37M	372.21M
Net Debt	-	84.89M	126.80M	137.52M	124.80M	120.91M	135.87M	115.81M	126.47M	112.73M	250.75M	171.10M	165.40M	310.57M	269.15M

Cash Flow

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	16.41M	15.88M	21.12M	24.59M	26.01M	19.21M	29.22M	40.13M	44.46M	20.84M	61.75M	134.80M	53.79M	65.69M	53.73M
Investing Cash Flow	-183.79M	-101.41M	-83.98M	-39.18M	-64.05M	-10.25M	-64.55M	-17.51M	-46.60M	-6.89M	-457.75M	-280.74M	-15.98M	-67.69M	11.41M
Financing Cash Flow	258.81M	86.49M	62.10M	25.47M	45.74M	-24.16M	45.44M	-5.04M	-916.13K	-18.61M	143.86M	-34.12M	-67.15M	-10.23M	-48.62M
Capital Expenditure	2.62M	97.37M	81.75M	57.58M	72.06M	10.25M	64.03M	17.54M	56.99M	2.93M	196.65M	36.39M	27.26M	69.43M	6.49M
Free Cash Flow	-	-81.49M	-60.63M	-32.98M	-46.05M	8.96M	-34.81M	22.59M	-12.53M	17.91M	-134.91M	98.41M	26.52M	-3.74M	47.24M
Dividends Paid	-	1.00M	100.00K	100.00K	100.00K	100.00K	1.00M	2.27M	8.09M	535.15K	5.54M	13.41M	18.10M	18.71M	16.30M
FCF to OCF	-	-513.29%	-287.12%	-134.10%	-177.07%	46.63%	-119.11%	56.29%	-28.19%	85.96%	-218.49%	73.00%	49.31%	-5.69%	87.93%
Dividend Paid to FCF	-	-1.23%	-0.16%	-0.30%	-0.22%	1.12%	-2.88%	10.05%	-64.56%	2.99%	-4.10%	13.63%	68.26%	-500.13%	34.51%

Earnings

Report Date	May 28, 2014	Sep 3, 2014	Nov 17, 2014	May 14, 2015	Aug 14, 2015	Nov 12, 2015	Mar 23, 2016	May 10, 2016	Aug 15, 2016	Nov 10, 2016	Mar 22, 2017	May 10, 2017	Aug 14, 2017	Nov 9, 2017	Mar 21, 2018	May 10, 2018	Aug 7, 2018	Nov 8, 2018	Mar 20, 2019	May 14, 2019	Aug 12, 2019	Nov 7, 2019	Mar 23, 2020	May 13, 2020	Aug 12, 2020	Nov 11, 2020	Mar 15, 2021	May 11, 2021	Aug 10, 2021	Nov 9, 2021	Mar 16, 2022	May 10, 2022	Aug 9, 2022	Nov 9, 2022	Mar 15, 2023	May 10, 2023	Aug 9, 2023	Nov 8, 2023	Mar 13, 2024	May 9, 2024	Aug 8, 2024	Nov 12, 2024	Mar 11, 2025	May 12, 2025	Aug 7, 2025	Nov 6, 2025	Mar 18, 2026	May 11, 2026	Aug 10, 2026	Nov 5, 2026
EPS Estimate	-	-	0.01	-	-	-	-	-	-	-	-	-	0.08	0.08	0.10	0.03	0.10	0.10	0.07	0.06	0.20	0.29	0.10	-0.03	-0.14	0.22	0.07	0.07	0.22	0.35	0.53	0.20	0.44	0.56	0.29	0.07	0.12	0.13	0.34	0.09	0.05	0.27	0.17	-0.12	-0.04	0.03	0.22	0.01	0.24	0.26
EPS Actual	0.07	-0.02	-0.13	0.22	0.15	0.08	-0.14	0.03	0.00	0.17	0.00	0.16	-0.13	0.18	0.09	0.10	0.16	0.19	-0.01	0.09	0.09	0.19	0.11	-0.16	0.07	0.17	0.17	0.13	0.29	0.48	0.34	0.35	0.64	0.52	0.34	0.11	0.10	0.32	0.03	0.14	0.10	0.25	0.16	-0.03	-0.02	0.17	0.16	0.11	0.26	-
Surprise	-	-	-1400.00%	-	-	-	-	-	-	-	-	-	-262.50%	125.00%	-10.00%	233.33%	60.00%	90.00%	-114.29%	50.00%	-55.00%	-34.48%	10.00%	-433.33%	150.00%	-22.73%	142.86%	85.71%	31.82%	37.14%	-35.85%	75.00%	45.45%	-7.14%	17.24%	57.14%	-16.67%	146.15%	-91.18%	55.56%	100.00%	-7.41%	-5.88%	75.00%	50.00%	466.67%	-28.86%	1000.00%	8.33%	-
Timing	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap524.44M

Enterprise Value585.99M

Trailing P/E10.97

Forward P/E8.21

PEG Ratio0.00

Price / Sales0.74

Price / Book1.20

EPS0.73

Book Value6.85

Revenue (TTM)710.25M

Gross Profit (TTM)145.41M

EBITDA109.80M

Profit Margin6.70%

Operating Margin11.41%

Return on Equity10.36%

Return on Assets4.24%

Shares Outstanding65.47M

Shares Float31.16M

Beta0.78

Dividend Yield4.99%

Dividend Rate0.40

Payout Ratio35.71%

Analyst Ratings

Strong Buy

Based on 3 analystsTarget 10.85

Strong Buy
3

Ownership Breakdown

Institutions: 43.28%
Insiders: 51.14%
Retail / Other: 5.58%

Top Institutional Holders

Dimensional Fund Advisors, Inc.
3.16M4.83%
BlackRock Inc
2.24M3.43%
Rockland Trust Co
1.28M1.96%
Hillsdale Investment Management Inc.
1.19M1.81%
Two Sigma Investments LLC
983.94K1.50%
Cable Car Capital LLC
870.00K1.33%
Geode Capital Management, LLC
787.81K1.20%
Acadian Asset Management LLC
775.61K1.18%
Renaissance Technologies Corp
746.10K1.14%
Bridgeway Capital Management, LLC
709.45K1.08%
Algert Global LLC
688.55K1.05%
Millennium Management LLC
655.36K1.00%
State Street Corp
612.34K0.94%
The Goldman Sachs Group Inc
611.15K0.93%
Point72 Asset Management, L.P.
550.91K0.84%
Citadel Advisors Llc
492.97K0.75%
UBS Group AG
469.50K0.72%

Top Fund Holders

iShares Russell 2000 ETF
919.64K1.40%
DFA US Small Cap Value I
878.87K1.34%
CREF Total Global Stock Account R3
594.69K0.91%

Dividends

20263×

0.10Sep 1, 20260.05Jun 1, 20260.05Feb 27, 2026

20254×

0.05Dec 1, 20250.05Sep 2, 20250.05Jun 2, 20250.10Feb 28, 2025

20244×

0.10Nov 29, 20240.10Aug 30, 20240.10May 30, 20240.10Feb 29, 2024

20234×

0.10Nov 30, 20230.10Aug 31, 20230.10May 31, 20230.10Feb 28, 2023

20224×

0.10Nov 30, 20220.07Aug 31, 20220.07May 31, 20220.05Feb 28, 2022

20214×

0.04Nov 30, 20210.04Aug 31, 20210.04May 28, 20210.02Feb 26, 2021

20191×

0.04Nov 20, 2019