Pangaea Logistics Solutions, Ltd. (PANL) Stock

Pangaea Logistics Solutions, Ltd. (PANL) is a Industrials stock trading at $8.36 (as of 2026-08-24), with a market capitalization of $547.36M and a trailing P/E of 11.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Understand Pangaea Logistics Solutions, Ltd.: how it makes money

Pangaea Logistics Solutions provides seaborne dry bulk logistics and transportation services, earning revenue from voyage and net voyage cargo services, charter hire, and port terminal and stevedoring.

The profit engine is the spread between the time charter equivalent rates the company earns and the daily charter hire and vessel operating expenses, with results influenced by how many booked shipping days are exposed to those favorable or unfavorable rates versus Baltic benchmark indices.

Revenue by segment (latest quarter)
Voyage$0.1B
NetVoy$0.1B
Charter$0.0B
PortSteved$0.0B

Business quality (Mixed): Clear operating focus on dry bulk voyages and chartering, with performance tracked via rate outperformance versus Baltic benchmarks and booked shipping days (though detailed cost and rate fields are not consistently populated in the provided KPI set).

Valuation: At 13× earnings, PANL trades 28% below the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • The company provides dry bulk ocean logistics to industrial customers worldwide, with services spanning cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management: Diversified service coverage can support revenue across different stages of the shipping process.
  • In the latest period shown, the operating margin is 6.1%: This indicates the company is generating operating profit after operating costs for the period reported.
  • Time Charter Equivalent Earned Outperformance versus Baltic Benchmark Indices is 19.0%: This suggests the company earned rates above the reference benchmark during the period represented by the KPI.

Bear case

  • Revenue is concentrated in voyage-related lines (Voyage Revenue 0.15 B, Net Voyage Revenue 0.05 B, with smaller Charter Hire and Port Terminal and Stevedoring components): If dry bulk charter and voyage economics weaken, earnings could be pressured because most revenue is tied to voyage performance.
  • The company depends on external shipping rate conditions relative to Baltic benchmarks (rate outperformance is tracked as an explicit KPI): If earned rates fall below benchmarks, performance could deteriorate quickly.
  • Operational metrics also highlight reliance on booked scheduling (Booked Shipping Days (through today) is 5920.0): If booked exposure does not align with favorable market conditions, results may not track the benchmark outperformance seen previously.
Valuation — source: SEC EDGAR (first-party)
Price$8.36
Market Cap$547.36M
P/E Ratio11.5
EV / EBITDA3.9
Price / Book1.11
Price / Sales0.77
DCF Value (model)$6.20
DCF Upside vs Price-25.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$632.04M
Net Margin3.1%
Revenue Growth (YoY)19.4%
EPS Growth (YoY)-500.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.92 (grey)
Valuation vs Sector & Industry
Stock P/E11.5
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector-55.7%
vs Industry-32.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDIMENSIONAL FUND ADVISORS LP ($20.42M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryTransportation
CEOMads Rosenberg Boye Petersen
Employees170
CountryUS
IPO Date2013-12-19

Related Companies (Transportation; 8 comparable transport companies)

  • Dorian LPG Ltd. (LPG)
  • Genco Shipping & Trading Limited (GNK)
  • SEACOR Marine Holdings Inc. (SMHI)
  • Himalaya Shipping Ltd. (HSHP)
  • Navios Maritime Partners L.P. (NMM)
  • International Seaways, Inc. (INSW)
  • Tidewater Inc. (TDW)
  • Nordic American Tankers Limited (NAT)
PANL earnings history · PANL institutional & insider holders · PANL KPIs & operating metrics · PANL financials · PANL investor presentations & press releases · PANL SEC filings · PANL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.