B. Riley Issues Pessimistic Estimate for PANL Earnings

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL - Free Report) - B. Riley cut their Q1 2025 earnings per share estimates for Pangaea Logistics Solutions in a report issued on Thursday, April 24th. B. Riley analyst L. Burke now anticipates that the shipping company will earn ($0.15) per share for the quarter, down from their previous forecast of ($0.09). The consensus estimate for Pangaea Logistics Solutions' current full-year earnings is $0.43 per share. B. Riley also issued estimates for Pangaea Logistics Solutions' Q2 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.02) EPS.

Separately, StockNews.com raised shares of Pangaea Logistics Solutions from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th.

Pangaea Logistics Solutions Price Performance

PANL stock opened at $4.22 on Monday. The firm has a 50 day moving average of $4.77 and a 200-day moving average of $5.37. The firm has a market capitalization of $276.95 million, a P/E ratio of 8.98 and a beta of 0.68. Pangaea Logistics Solutions has a 12 month low of $3.93 and a 12 month high of $8.32. The company has a current ratio of 2.05, a quick ratio of 1.77 and a debt-to-equity ratio of 0.72.

Institutional Trading of Pangaea Logistics Solutions

A number of large investors have recently modified their holdings of PANL. 683 Capital Management LLC purchased a new stake in Pangaea Logistics Solutions in the fourth quarter valued at approximately $3,254,000. Royce & Associates LP raised its position in shares of Pangaea Logistics Solutions by 24.0% during the 4th quarter. Royce & Associates LP now owns 960,102 shares of the shipping company's stock valued at $5,146,000 after buying an additional 185,650 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Pangaea Logistics Solutions by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,060,392 shares of the shipping company's stock worth $11,044,000 after acquiring an additional 105,965 shares during the last quarter. Wellington Management Group LLP grew its position in Pangaea Logistics Solutions by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 1,596,743 shares of the shipping company's stock worth $8,559,000 after acquiring an additional 105,200 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Pangaea Logistics Solutions by 12.4% in the fourth quarter. American Century Companies Inc. now owns 928,044 shares of the shipping company's stock valued at $4,974,000 after acquiring an additional 102,653 shares during the last quarter. Institutional investors own 60.23% of the company's stock.

Pangaea Logistics Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 9.48%. Pangaea Logistics Solutions's payout ratio is currently 64.52%.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.

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