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PANL

Pangaea Logistics Solutions Ltd.

Price Chart
Latest Quote

$7.50

+0.12 (+1.63%)
Current Price
Previous Close $7.38
Open $7.55
Day High $7.63
Day Low $7.38
Volume 692,139
Fetched: 2026-06-23T04:32:39
Stock Information
Quarterly Dividend / Yield $0.20 / 2.67%
Shares Outstanding 65.41M
Quarterly Dividend Yield 2.67%
Quarterly Dividend $0.20
Total Debt $360.03M
Cash Equivalents $89.74M
Revenue $679.82M
Net Income $34.64M
Sector Industrials
Industry Marine Shipping
Market Cap $490.61M
P/E Ratio 13.89
EPS (TTM) $0.54
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$806.67M
Sales$679.82M
Income$34.64M
Book/sh$6.74
Cash/sh$1.37
Employees170
Financial Ratios
Quick Ratio1.08
Current Ratio1.63
Debt/Eq73.95
Returns & Margins
ROA3.07%
ROE7.55%
Gross Margin18.25%
Operating Margin6.35%
Profit Margin5.10%
Ownership
Insider Ownership51.19%
Institutional Ownership42.13%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E8.49
P/S0.72
P/B1.11
Analyst Data
Recommendationnone
Target Price$10.85
Technical Indicators
SMA20$7.56
SMA50$7.66
SMA200$6.92
RSI46.43
ATR0.3271
Shares Float25.72M
Short Float2.76%
Short Ratio1.48
Volatility0.76
Rel Volume1.15
Performance History
Week-2.34%
Month-7.93%
Quarter+11.19%
6 Months+4.56%
YTD+13.63%
Year+60.78%
3 Years+36.96%
5 Years+121.54%
10 Years+286.35%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-22 $7.50 708,900
2026-06-18 $7.38 717,000
2026-06-17 $7.46 601,300
2026-06-16 $7.62 574,900
2026-06-15 $7.57 547,000
2026-06-12 $7.68 345,800
2026-06-11 $7.35 382,500
2026-06-10 $7.30 422,900
2026-06-09 $7.31 475,900
2026-06-08 $7.23 392,100
2026-06-05 $7.21 329,300
2026-06-04 $7.27 461,400
2026-06-03 $7.31 599,600
2026-06-02 $7.90 1,632,100
2026-06-01 $7.64 621,800
2026-05-29 $7.52 567,500
2026-05-28 $7.63 967,300
2026-05-27 $8.09 613,500
2026-05-26 $8.31 848,900
About Pangaea Logistics Solutions Ltd.

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.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $563,026,000 $463,462,000 $430,131,189 $570,769,902
Cost Of Revenue $563,026,000 $463,462,000 $430,131,189 $570,769,902
Total Revenue $632,041,000 $536,536,000 $499,267,834 $699,706,906
Operating Revenue $632,041,000 $536,536,000 $499,267,834 $699,706,906
Expenses
Interest Expense $24,006,000 $20,176,000 $17,487,697 $22,421,647
Total Expenses $594,097,000 $488,088,000 $452,912,126 $590,873,248
Rent Expense Supplemental $129,735,000 $130,764,000 $111,033,537 $222,332,197
Other Income Expense $4,597,000 $475,000 $-3,902,373 $-1,836,376
Other Non Operating Income Expenses $2,952,000 $1,428,000 $761,485 $807,142
Net Non Operating Interest Income Expense $-22,374,000 $-17,153,000 $-13,915,563 $-21,489,578
Interest Expense Non Operating $24,006,000 $20,176,000 $17,487,697 $22,421,647
Operating Expense $31,071,000 $24,626,000 $22,780,937 $20,103,346
General And Administrative Expense $31,071,000 $24,626,000 $22,780,937 $20,103,346
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $19,369,000 $28,903,000 $26,323,300 $79,491,413
Net Interest Income $-22,374,000 $-17,153,000 $-13,915,563 $-21,489,578
Interest Income $1,632,000 $3,023,000 $3,572,134 $932,069
Normalized Income $18,069,450 $29,655,870 $30,007,748 $81,579,792
Net Income From Continuing And Discontinued Operation $19,369,000 $28,903,000 $26,323,300 $79,491,413
Total Operating Income As Reported $40,944,000 $48,449,000 $44,617,197 $105,507,817
Net Income Common Stockholders $19,369,000 $28,903,000 $26,323,300 $79,491,413
Net Income $19,369,000 $28,903,000 $26,323,300 $79,491,413
Net Income Including Noncontrolling Interests $20,167,000 $31,769,000 $28,537,772 $85,507,704
Net Income Continuous Operations $20,167,000 $31,770,000 $28,537,772 $85,507,704
Pretax Income $20,167,000 $31,770,000 $28,537,772 $85,507,704
Special Income Charges $3,000,000 $0 $-1,738,511 $-3,325,841
Interest Income Non Operating $1,632,000 $3,023,000 $3,572,134 $932,069
Operating Income $37,944,000 $48,448,000 $46,355,708 $108,833,658
Gross Profit $69,015,000 $73,074,000 $69,136,645 $128,937,004
Per Share
Diluted EPS $0.30 $0.63 $0.58 $1.76
Basic EPS $0.30 $0.64 $0.59 $1.79
Other
Tax Effect Of Unusual Items $345,450 $-200,130 $-979,410 $-555,139
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $85,003,000 $83,275,000 $80,759,722 $140,062,679
Total Unusual Items $1,645,000 $-953,000 $-4,663,858 $-2,643,518
Total Unusual Items Excluding Goodwill $1,645,000 $-953,000 $-4,663,858 $-2,643,518
Reconciled Depreciation $42,475,000 $30,376,000 $30,070,395 $29,489,810
EBITDA (Bullshit earnings) $86,648,000 $82,322,000 $76,095,864 $137,419,161
EBIT $44,173,000 $51,946,000 $46,025,469 $107,929,351
Diluted Average Shares $64,703,473 $46,046,044 $45,475,453 $45,059,587
Basic Average Shares $63,802,958 $45,391,855 $44,773,899 $44,398,987
Diluted NI Availto Com Stockholders $19,369,000 $28,903,000 $26,323,300 $79,491,413
Minority Interests $-798,000 $-2,866,000 $-2,214,472 $-6,016,291
Gain On Sale Of Ppe $3,000,000 $0 $-1,738,511 $-318,032
Gain On Sale Of Security $-1,355,000 $-953,000 $-2,925,347 $682,323
Selling General And Administration $31,071,000 $24,626,000 $22,780,937 $20,103,346
Other Gand A $31,071,000 $24,626,000 $22,780,937 $20,103,346
Impairment Of Capital Assets - - $0 $3,007,809
Fetched: 2026-06-21
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $425,653,000 $423,707,000 $319,004,130 $314,226,062
Total Assets $928,096,000 $936,457,000 $705,179,968 $748,241,470
Total Non Current Assets $712,322,000 $744,464,000 $513,354,089 $525,730,448
Other Non Current Assets $270,000 - - -
Goodwill And Other Intangible Assets $3,681,000 $4,114,000 $4,881,863 $0
Other Intangible Assets $576,000 $1,009,000 $1,777,063 -
Current Assets $215,776,000 $191,994,000 $191,825,879 $222,511,022
Other Current Assets $4,889,000 $4,438,000 $5,845,309 $4,143,757
Hedging Assets Current $524,000 $2,047,000 $3,384,137 $4,892,144
Restricted Cash $572,000 $3,268,000 $3,751,257 $3,239,947
Prepaid Assets $11,310,000 $12,865,000 $9,581,947 $8,269,483
Inventory $28,389,000 $32,848,000 $16,556,266 $29,104,436
Receivables $67,038,000 $49,723,000 $53,669,097 $44,476,649
Other Receivables $11,184,000 $7,352,000 $5,777,596 $7,721,500
Accounts Receivable $55,854,000 $42,371,000 $47,891,501 $36,755,149
Allowance For Doubtful Accounts Receivable $-6,017,000 $-5,493,000 $-5,657,837 $-4,367,848
Gross Accounts Receivable $61,871,000 $47,864,000 $53,549,338 $41,122,997
Cash Cash Equivalents And Short Term Investments $103,054,000 $86,805,000 $99,037,866 $128,384,606
Cash And Cash Equivalents $103,054,000 $86,805,000 $99,037,866 $128,384,606
Cash Equivalents $27,828,000 $43,443,000 $48,762,505 $79,689,361
Cash Financial $75,226,000 $43,362,000 $50,275,361 $48,695,245
Debt
Net Debt $11,013,000 $42,492,000 $160,169 -
Total Debt $152,434,000 $167,842,000 $264,435,026 $299,481,283
Long Term Debt And Capital Lease Obligation $105,552,000 $123,155,000 $211,713,176 $267,333,678
Long Term Debt $97,157,000 $112,721,000 $68,446,309 $98,819,739
Current Debt And Capital Lease Obligation $46,882,000 $44,687,000 $52,721,850 $32,147,605
Current Debt $16,910,000 $16,576,000 $30,751,726 $15,782,530
Other Current Borrowings $16,910,000 $16,576,000 $30,751,726 $15,782,530
Liabilities
Total Liabilities Net Minority Interest $453,359,000 $461,793,000 $334,984,035 $379,519,940
Total Non Current Liabilities Net Minority Interest $325,325,000 $352,685,000 $229,649,716 $287,308,068
Other Non Current Liabilities $219,773,000 $229,530,000 $17,936,540 $19,974,390
Current Liabilities $128,034,000 $109,108,000 $105,334,319 $92,211,872
Other Current Liabilities $9,420,000 $8,885,000 $4,393,533 $6,526,725
Current Deferred Liabilities $24,891,000 $15,447,000 $15,629,886 $20,883,958
Payables And Accrued Expenses $43,050,000 $36,429,000 $32,589,050 $32,653,584
Payables $24,161,000 $27,629,000 $15,536,715 $19,943,570
Other Payable $7,829,000 $10,420,000 $8,112,701 $9,337,941
Dividends Payable $1,198,000 $1,211,000 $1,146,321 $626,178
Accounts Payable $14,328,000 $14,817,000 $6,277,693 $9,979,451
Current Notes Payable - - - $0
Equity
Common Stock Equity $429,334,000 $427,821,000 $323,885,993 $314,226,062
Total Equity Gross Minority Interest $474,737,000 $474,664,000 $370,195,933 $368,721,530
Stockholders Equity $429,334,000 $427,821,000 $323,885,993 $314,226,062
Retained Earnings $172,255,000 $169,155,000 $159,026,799 $151,327,392
Long Term Equity Investment $2,552,000 $2,651,000 $2,893,723 $4,787,471
Investments In Other Ventures Under Equity Method $2,552,000 $2,651,000 $2,893,723 $4,787,471
Other
Ordinary Shares Number $64,973,988 $64,961,433 $46,466,622 $45,898,395
Share Issued $64,973,988 $64,961,433 $46,466,622 $45,898,395
Tangible Book Value $425,653,000 $423,707,000 $319,004,130 $314,226,062
Invested Capital $543,401,000 $557,118,000 $423,084,028 $428,828,331
Working Capital $87,742,000 $82,886,000 $86,491,560 $130,299,150
Capital Lease Obligations $38,367,000 $38,545,000 $165,236,991 $184,879,014
Total Capitalization $526,491,000 $540,542,000 $392,332,302 $413,045,801
Minority Interest $45,403,000 $46,843,000 $46,309,940 $54,495,468
Additional Paid In Capital $257,072,000 $258,660,000 $164,854,546 $162,894,080
Capital Stock $7,000 $6,000 $4,648 $4,590
Common Stock $7,000 $6,000 $4,648 $4,590
Long Term Capital Lease Obligation $8,395,000 $10,434,000 $143,266,867 $168,513,939
Current Deferred Revenue $24,891,000 $15,447,000 $15,629,886 $20,883,958
Current Capital Lease Obligation $29,972,000 $28,111,000 $21,970,124 $16,365,075
Pensionand Other Post Retirement Benefit Plans Current $3,791,000 $3,660,000 - -
Current Accrued Expenses $18,889,000 $8,800,000 $17,052,335 $12,710,014
Dueto Related Parties Current $806,000 $1,181,000 - -
Investments And Advances $3,985,000 $3,752,000 $3,813,232 $5,284,127
Other Investments $1,433,000 $1,101,000 $919,509 $496,656
Goodwill $3,105,000 $3,105,000 $3,104,800 $0
Net PPE $704,386,000 $736,598,000 $504,658,994 $520,446,321
Accumulated Depreciation $-192,665,000 $-162,650,000 $-137,554,637 $-120,984,322
Gross PPE $897,051,000 $899,248,000 $642,213,631 $641,430,643
Other Properties $30,271,000 $21,547,000 $18,408,282 $15,409,851
Machinery Furniture Equipment $8,249,000 $4,308,000 $4,147,346 $2,311,076
Properties $3,236,000 $3,003,000 $2,571,585 $2,541,085
Preferred Stock - $0 $0 $0
Construction In Progress - - - $0
Fetched: 2026-06-21
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $47,239,000 $-3,741,000 $26,523,233 $98,407,466
Operating Activities
Operating Cash Flow $53,726,000 $65,691,000 $53,787,277 $134,801,400
Cash Flow From Continuing Operating Activities $53,727,000 $65,692,000 $53,787,277 $134,801,400
Operating Gains Losses $-4,597,000 $-757,000 $3,979,388 $-1,171,433
Investing Activities
Capital Expenditure $-6,487,000 $-69,432,000 $-27,264,044 $-36,393,934
Investing Cash Flow $11,411,000 $-67,694,000 $-15,982,325 $-28,509,096
Cash Flow From Continuing Investing Activities $11,411,000 $-67,694,000 $-15,982,325 $-28,509,096
Financing Activities
Repurchase Of Capital Stock $-2,999,000 $0 - -
Financing Cash Flow $-48,619,000 $-10,230,000 $-67,151,692 $-34,116,600
Cash Flow From Continuing Financing Activities $-48,618,000 $-10,230,000 $-67,151,692 $-34,116,600
Net Other Financing Charges $-2,536,000 $-25,417,000 $-12,900,000 $-12,516,544
Cash Dividends Paid $-16,303,000 $-18,710,000 $-18,103,750 $-13,414,984
Common Stock Dividend Paid $-16,303,000 $-18,710,000 $-18,103,750 $-13,414,984
Net Common Stock Issuance $-2,999,000 $0 - -
Dividends Received Cfi $4,135,000 $1,910,000 $1,637,500 $0
Other
Repayment Of Debt $-45,486,000 $-55,253,000 $-36,020,659 $-31,277,174
Issuance Of Debt $18,705,000 $89,150,000 $0 $23,500,000
Interest Paid Supplemental Data $24,315,000 $17,983,000 $18,850,078 $14,906,972
End Cash Position $103,324,000 $86,805,000 $99,037,866 $128,384,606
Beginning Cash Position $86,805,000 $99,038,000 $128,384,606 $56,208,902
Changes In Cash $16,519,000 $-12,233,000 $-29,346,740 $72,175,704
Common Stock Payments $-2,999,000 $0 - -
Net Issuance Payments Of Debt $-26,781,000 $33,897,000 $-36,020,659 $-7,777,174
Net Long Term Debt Issuance $-26,781,000 $33,897,000 $-36,020,659 $-7,777,174
Long Term Debt Payments $-45,486,000 $-55,253,000 $-36,020,659 $-31,277,174
Long Term Debt Issuance $18,705,000 $89,150,000 $0 $23,500,000
Net Business Purchase And Sale $-3,433,000 $-172,000 $-7,627,270 $-515,162
Purchase Of Business $-3,433,000 $-172,000 $-7,627,270 $-515,162
Net PPE Purchase And Sale $10,709,000 $-69,432,000 $-9,992,555 $-27,993,934
Sale Of PPE $17,196,000 $0 $17,271,489 $8,400,000
Purchase Of PPE $-6,487,000 $-69,432,000 $-27,264,044 $-36,393,934
Change In Working Capital $6,156,000 $1,624,000 $-11,202,956 $11,996,277
Change In Other Working Capital $9,444,000 $-182,000 $-5,254,072 $-11,321,354
Change In Payables And Accrued Expense $7,471,000 $11,839,000 $-4,079,047 $-8,939,313
Change In Payable $7,471,000 $11,839,000 $-4,079,047 $-8,939,313
Change In Account Payable $7,471,000 $11,839,000 $-4,079,047 $-8,939,313
Change In Prepaid Assets $-194,000 $-2,689,000 $-342,776 $19,086,893
Change In Inventory $4,459,000 $-11,030,000 $12,548,170 $-1,956,676
Change In Receivables $-15,024,000 $3,686,000 $-14,075,231 $15,126,727
Changes In Account Receivables $-15,024,000 $3,686,000 $-14,075,231 $15,126,727
Other Non Cash Items $-16,126,000 $-1,944,000 $-2,624,008 $1,826,118
Stock Based Compensation $4,111,000 $2,788,000 $2,087,807 $1,767,726
Provisionand Write Offof Assets $1,540,000 $1,835,000 $2,938,879 $2,377,389
Depreciation Amortization Depletion $42,475,000 $30,376,000 $30,070,395 $29,489,810
Depreciation And Amortization $42,475,000 $30,376,000 $30,070,395 $29,489,810
Earnings Losses From Equity Investments $-2,952,000 $-1,710,000 $-684,470 $-807,142
Gain Loss On Investment Securities $1,355,000 $953,000 $2,925,347 $-682,323
Gain Loss On Sale Of PPE $-3,000,000 $0 $1,738,511 $318,032
Net Income From Continuing Operations $20,167,000 $31,769,000 $28,537,772 $85,507,704
Proceeds From Stock Option Exercised - $0 $-127,283 $-407,898
Asset Impairment Charge - - $0 $3,007,809
Net Investment Purchase And Sale - - - -
Purchase Of Investment - - - -
Fetched: 2026-06-21