Annonce • Mar 30
Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026 Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026. Location: in the company`s executive office, at 109 long wharf, newport, ri 02840, United States Recent Insider Transactions • Mar 19
President recently sold €120k worth of stock On the 18th of March, Mads Rosenberg Petersen sold around 20k shares on-market at roughly €6.13 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mads Rosenberg's only on-market trade for the last 12 months. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: US$0.30 (vs US$0.64 in FY 2024) Full year 2025 results: EPS: US$0.30 (down from US$0.64 in FY 2024). Revenue: US$632.0m (up 18% from FY 2024). Net income: US$19.4m (down 33% from FY 2024). Profit margin: 3.1% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Mar 05
Pangaea Logistics Solutions Ltd. to Report Q4, 2025 Results on Mar 10, 2026 Pangaea Logistics Solutions Ltd. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Declared Dividend • Feb 22
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 2.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Annonce • Feb 17
Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 13, 2026 Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share to be paid on March 13, 2026 to all shareholders of record as of February 27, 2026. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 42% over the past three years. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Annonce • Dec 19
Pangaea Logistics Solutions Ltd. Announces Board Changes Pangaea Logistics Solutions Ltd. announced the appointment of Eugene I. Davis to the Company's Board of Directors as a Class II director, effective immediately. Mr. Davis will replace Christina Tan, who has resigned from her position effective immediately prior to the appointment of Mr. Davis. The Board has determined that Mr. Davis is independent under the applicable rules of the Nasdaq Stock Market. Mr. Davis has 40 years of experience advising companies across various industries on matters related to shareholder value creation and corporate strategy. He is the Chairman and Chief Executive Officer of PIRINATE Consulting Group LLC. In addition, Mr. Davis currently serves as the Chairman of the Board of Directors and the chairman of the Audit Committee of WW International Inc. and as a member of the Board of Directors of Spirit Aviation Holdings Inc., where he is the chairman of the Audit Committee. Mr. Davis was appointed pursuant to the Investor and Registration Rights Agreement, dated as of December 30, 2024, by and between the Company and Strategic Shipping Inc. Ms. Tan, who served as one of SSI's initial designees in accordance with the Investor Rights Agreement, resigned effective immediately prior to the appointment of Mr. Davis. Annonce • Nov 29
Pangaea Logistics Solutions Ltd. Appoints Paul M. Leand, Jr. to Its Board of Directors as A Class III Director, Effective November 28, 2025 Pangaea Logistics Solutions Ltd. announced the appointment of Paul M. Leand, Jr. to the Company's Board of Directors as a Class III director, effective November 28, 2025. Mr. Leand has over two decades of experience advising companies and investors in the maritime shipping industry. He is the Managing Director and Chief Executive Officer of AMA Capital Partners, the only merchant banking partnership in the United States exclusively focused on the transportation, energy and offshore industries. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 15 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (7.9%). Declared Dividend • Nov 10
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 95% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.19 (vs US$0.11 in 3Q 2024) Third quarter 2025 results: EPS: US$0.19 (up from US$0.11 in 3Q 2024). Revenue: US$168.7m (up 10% from 3Q 2024). Net income: US$12.2m (up 139% from 3Q 2024). Profit margin: 7.2% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Nov 07
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2025 The Board of Directors of Pangaea Logistics Solutions, Ltd. declared a quarterly cash dividend of $0.05 per common share, payable on December 15, 2025, to all shareholders of record as of December 1, 2025. Annonce • Nov 01
Pangaea Logistics Solutions, Ltd. to Report Q3, 2025 Results on Nov 06, 2025 Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Declared Dividend • Aug 18
Second quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 2nd September 2025 Payment date: 15th September 2025 Dividend yield will be 6.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control. EPS is expected to grow by 119% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 10
Second quarter 2025 earnings released: US$0.043 loss per share (vs US$0.081 profit in 2Q 2024) Second quarter 2025 results: US$0.043 loss per share (down from US$0.081 profit in 2Q 2024). Revenue: US$156.7m (up 19% from 2Q 2024). Net loss: US$2.74m (down 175% from profit in 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Aug 05
Pangaea Logistics Solutions, Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Annonce • May 06
Pangaea Logistics Solutions, Ltd. to Report Q1, 2025 Results on May 12, 2025 Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Annonce • Mar 31
Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025 Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025. Location: at 109 long wharf, ri 02840, newport, United States Annonce • Mar 20
Pangaea Logistics Solutions, Ltd. announced delayed annual 10-K filing On 03/18/2025, Pangaea Logistics Solutions, Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: US$0.64 (vs US$0.59 in FY 2023) Full year 2024 results: EPS: US$0.64 (up from US$0.59 in FY 2023). Revenue: US$536.5m (up 7.5% from FY 2023). Net income: US$28.9m (up 9.8% from FY 2023). Profit margin: 5.4% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Mar 04
Pangaea Logistics Solutions, Ltd. to Report Q4, 2024 Results on Mar 13, 2025 Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025 Declared Dividend • Feb 24
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 7.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (207% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 14
Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 14, 2025 Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 14, 2025 to all shareholders of record as of February 28, 2025. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). New Risk • Jan 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding). New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €5.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 103% over the past three years. Declared Dividend • Nov 18
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 6.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.42 in 3Q 2023) Third quarter 2024 results: EPS: US$0.11 (down from US$0.42 in 3Q 2023). Revenue: US$153.1m (up 13% from 3Q 2023). Net income: US$5.11m (down 73% from 3Q 2023). Profit margin: 3.3% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Annonce • Nov 13
Pangaea Logistics Solutions, Ltd. Declares A Quarterly Cash Dividend, Payable on December 13, 2024 On November 8, 2024, Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 13, 2024, to all shareholders of record as of November 29, 2024. Annonce • Nov 06
Pangaea Logistics Solutions, Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Annonce • Oct 09
Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million. Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million on October 7, 2024. A cash consideration of $17.2 million will be paid by Pangaea Logistics Solutions, Ltd. As part of consideration, $17.2 million is paid towards common equity of Nordic Bulk Partners LLC. Upon completion, Pangaea Logistics Solutions, Ltd. will own 100% stake in Nordic Bulk Partners LLC.
The transaction is subject to customary closing terms and conditions. The transaction is expected to be completed by November 1, 2024. Buy Or Sell Opportunity • Sep 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €5.55. The fair value is estimated to be €6.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 26% in the next year. Declared Dividend • Aug 19
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 6.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.081 (vs US$0.064 in 2Q 2023) Second quarter 2024 results: EPS: US$0.081 (up from US$0.064 in 2Q 2023). Revenue: US$131.5m (up 11% from 2Q 2023). Net income: US$3.68m (up 30% from 2Q 2023). Profit margin: 2.8% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Aug 09
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 16, 2024 Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on September 16, 2024, to all shareholders of record as of September 2, 2024. Annonce • Aug 01
Pangaea Logistics Solutions, Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Annonce • Jun 26
Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024 Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024. Location: 109 long wharf, ri 02840, newport United States Declared Dividend • May 20
First quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 30th May 2024 Payment date: 13th June 2024 Dividend yield will be 5.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • May 11
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on June 13, 2024 Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on June 13, 2024, to all shareholders of record as of May 30, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: US$0.26 (vs US$0.078 in 1Q 2023) First quarter 2024 results: EPS: US$0.26 (up from US$0.078 in 1Q 2023). Revenue: US$104.7m (down 7.9% from 1Q 2023). Net income: US$11.7m (up 236% from 1Q 2023). Profit margin: 11% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annonce • May 03
Pangaea Logistics Solutions, Ltd. to Report Q1, 2024 Results on May 09, 2024 Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.00 per share. Annonce • Mar 16
Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million. Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: US$0.59 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$0.59 (down from US$1.79 in FY 2022). Revenue: US$499.3m (down 29% from FY 2022). Net income: US$26.3m (down 67% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 09
Pangaea Logistics Solutions, Ltd. to Report Q4, 2023 Results on Mar 13, 2024 Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 Declared Dividend • Feb 26
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 16
Pangaea Logistics Solutions Ltd. Declares Quarterly Cash Dividend, Payable on March 15, 2024 Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2024 to all shareholders of record as of March 1, 2024. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 327% over the past three years. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.10 per share at 5.7% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and the cash payout ratio is 94%. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (21%). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 230% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.77 per share. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.42 in 3Q 2022) Third quarter 2023 results: EPS: US$0.42. Revenue: US$135.6m (down 27% from 3Q 2022). Net income: US$18.9m (flat on 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.0% decline forecast for the Shipping industry in Europe. Annonce • Nov 09
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2023 Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2023, to all shareholders of record as of December 1, 2023. Annonce • Oct 31
Pangaea Logistics Solutions, Ltd. to Report Q3, 2023 Results on Nov 08, 2023 Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.10 per share at 7.0% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (18%). New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Buying Opportunity • Aug 11
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be €7.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to decline by 6.6% in a year. Earnings is forecast to decline by 33% in the next year. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.064 (vs US$0.56 in 2Q 2022) Second quarter 2023 results: EPS: US$0.064 (down from US$0.56 in 2Q 2022). Revenue: US$118.1m (down 40% from 2Q 2022). Net income: US$2.84m (down 89% from 2Q 2022). Profit margin: 2.4% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.6% p.a. on average during the next 2 years compared to a 7.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 46% per year. Annonce • Aug 10
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2023 Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on September 15, 2023, to all shareholders of record as of September 1, 2023. Annonce • Jul 29
Pangaea Logistics Solutions, Ltd. to Report Q2, 2023 Results on Aug 09, 2023 Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Annonce • Jun 24
Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023 Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023, at 14:00 US Eastern Standard Time. Location: Office at 109 Long Wharf, Newport, RI 02840 Newport United States Agenda: To elect two directors to the Board of Directors as Class III directors serving until the annual meeting of shareholders to be held in 2026; to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year 2023; to approve, on an advisory, non-binding basis, the compensation of named executive officers; to recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers; and to consider other business matters. Annonce • Jun 02
Pangaea Logistics Solutions, Ltd. acquired Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million. Pangaea Logistics Solutions, Ltd. entered into a definitive agreement to acquire Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million on March 24, 2023. The transaction is expected to close during the second quarter of 2023. The transaction is subject to regulatory review and customary closing conditions.
Pangaea Logistics Solutions, Ltd. completed the acquisition of Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. on June 1, 2023. Upcoming Dividend • May 24
Upcoming dividend of US$0.10 per share at 6.8% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (18%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: US$0.078 (vs US$0.45 in 1Q 2022) First quarter 2023 results: EPS: US$0.078 (down from US$0.45 in 1Q 2022). Revenue: US$113.7m (down 41% from 1Q 2022). Net income: US$3.47m (down 83% from 1Q 2022). Profit margin: 3.1% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.1% p.a. on average during the next 2 years compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annonce • May 12
Pangaea Logistics Solutions, Ltd. Declares Quarterly Dividend, Payable on June 15, 2023 Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on June 15, 2023, to all shareholders of record as of June 1, 2023. Annonce • May 04
Pangaea Logistics Solutions, Ltd. to Report Q1, 2023 Results on May 10, 2023 Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 10, 2023 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.21 per share. Buying Opportunity • Apr 04
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €6.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to decline by 18% in 2 years. Earnings is forecast to decline by 51% in the next 2 years. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: US$1.79 (vs US$1.53 in FY 2021) Full year 2022 results: EPS: US$1.79 (up from US$1.53 in FY 2021). Revenue: US$699.7m (down 2.6% from FY 2021). Net income: US$79.5m (up 18% from FY 2021). Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.82 per share. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.10 per share at 6.5% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%). Annonce • Feb 16
Pangaea Logistics Solutions, Ltd. Announces Quarterly Cash Dividend, Payable on March 15, 2023 Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2023 to all shareholders of record as of March 1, 2023. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (12%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: US$0.42 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.42 (down from US$0.61 in 3Q 2021). Revenue: US$184.5m (down 13% from 3Q 2021). Net income: US$18.8m (down 30% from 3Q 2021). Profit margin: 10% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annonce • Nov 10
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2022 Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2022, to all shareholders of record as of December 1, 2022. Annonce • Nov 03
Pangaea Logistics Solutions, Ltd. to Report Q3, 2022 Results on Nov 09, 2022 Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 9.9% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (10%). Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.44 in 2Q 2021) Second quarter 2022 results: EPS: US$0.56 (up from US$0.44 in 2Q 2021). Revenue: US$195.5m (up 34% from 2Q 2021). Net income: US$25.0m (up 30% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Aug 10
Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2022 Pangaea Logistics Solutions, Ltd. declared quarterly cash dividend of $0.075 per common share, to be paid on September 15, 2022, to all shareholders of record as of September 1, 2022. Annonce • Jul 28
Pangaea Logistics Solutions, Ltd. to Report Q2, 2022 Results on Aug 09, 2022 Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Annonce • Jun 23
Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022 Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022, at 14:00 US Eastern Standard Time. Location: 109 Long Wharf Newport Rhode Island United States Agenda: To elect two directors to company Board of Directors as Class II directors serving until the annual meeting of shareholders to be held in 2025; to elect one director to company Board of Director as Class III director serving until the annual meeting of shareholders to be held in 2023; to approve the amendment of the PANGAEA LOGISTICS SOLUTIONS LTD. 2014 SHARE INCENTIVE PLAN (as amended and restated by the Board of Directors on May 6, 2022), the "2022 Amended Plan"; to approve the amendment of the company's Bye-laws to adopt gender-inclusive language; and to transact such other business as may properly come before the meeting or any adjournment thereof. Upcoming Dividend • May 24
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 8.4% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.2%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 21% share price gain to €5.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.59 per share. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: US$0.45 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$0.45 (up from US$0.13 in 1Q 2021). Revenue: US$191.8m (up 53% from 1Q 2021). Net income: US$20.2m (up 244% from 1Q 2021). Profit margin: 11% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • May 04
Pangaea Logistics Solutions, Ltd. to Report Q1, 2022 Results on May 10, 2022 Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.