PANGAEA LOGISTICS SOLUTIONS LTD (PANL)
Industrials · marine shipping / dry bulk logistics · NASDAQ
Pangaea Logistics combines a specialized, high-ice-class dry bulk fleet with integrated terminal and stevedoring services to provide end-to-end maritime logistics for industrial customers.
What PANGAEA LOGISTICS SOLUTIONS LTD does
Pangaea Logistics Solutions Ltd. provides seaborne drybulk logistics and transportation services, specializing in the shipping of industrial commodities like grains, coal, and iron ore. The company operates a fleet of dry bulk vessels—including high-specification Ice-Class 1A ships for harsh environments—and provides integrated terminal, stevedoring, and port logistics solutions.
Recent developments
During Q2 2026, the company started operations at Port Tampa Bay, Florida, as part of its port expansion strategy. The company also reported a 50% year-over-year increase in Time Charter Equivalent (TCE) rates and declared a quarterly cash dividend of $0.10 per share.
From PANGAEA LOGISTICS SOLUTIONS LTD's filing of 2026-08-10.
Themes: dry bulk shipping, maritime logistics, ice-class shipping, industrial commodity transportation
Fundamentals
- Price$8.32 as of 2026-10-09 close
- Market cap$545M as of 2026-08-07 (share count; price 2026-10-09)
- 1-year return+72.3% 2025-10-09 close $4.83 → 2026-10-09 close $8.32
- P/E11.29 as of 2026-10-09
- Net margin+3.1% FY2025, SEC XBRL
- ROE+4.1% FY2025, SEC XBRL
- Debt / equity0.78 as of 2026-09-02
- Revenue growth (YoY)+22.5% as of 2026-09-02
- Revenue CAGR (3y)-3.3% SEC XBRL
- Beta1.00 as of 2026-09-02
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How PANL compares in its sector
- price-to-earnings ratiobottom 10% 349 covered Industrials peers, as of 2026-10-09
- net profit marginmiddle range 417 covered Industrials peers, as of 2026-09-02
- operating marginmiddle range 392 covered Industrials peers, as of 2026-09-02
- return on equitymiddle range 432 covered Industrials peers, as of 2026-09-02
- 3-year revenue CAGRbottom 25% 428 covered Industrials peers
- indicated dividend yieldtop 10% 271 covered Industrials peers, as of 2026-09-02
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, PANL's dividend was covered by reported results (earnings payout 84%, operating-cash-flow payout 30%). This describes past coverage, not a forecast.
- Earnings payout84% dividends / net income
- Operating-cash-flow payout30% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How PANGAEA LOGISTICS SOLUTIONS LTD looks technically
PANGAEA LOGISTICS SOLUTIONS LTD (PANL) is trading 7.7% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 20 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive). It made a new 20-day high about 2 trading days ago.
Trend
9
| Distance from the 200-day | it is trading 7.7% above its 200-day average, the long-term trend line — a longer-term uptrend | +7.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $8.04 | $8.04 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $7.72 | $7.72 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 11 calendar days ago — the swings before that are what the structure reading is measured on | 11 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 5 of five; the labelling fails if price closes below 7.89. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible upward five-wave sequence, in wave 5 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 20 trading days ago — a "golden cross", a bullish long-term signal | 20 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 7.7% above | +7.7% |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend) | 23.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 52, neither overbought (above 70) nor oversold (below 30) | 52.1 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($7.89 to $8.66) — its "stochastic" reading is 56 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 55.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 2 trading days ago (its momentum flipped positive) | 2 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $9.39 | $9.39 |
|---|---|---|
| From the 52-week high | it is 11.4% below its 52-week high (its highest price of the past year) | -11.4% |
| Above the 52-week low | it is 83.3% above its 52-week low (its lowest price of the past year) | +83.3% |
| Below the 52-week high | it is 11.4% below its highest point of the past year | 11.4% |
| Since a 20-day breakout | it made a new 20-day high about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day high about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $10.73 (set on 2014-01-27) | $10.73 |
| Given back of the 52-week move | over the past year its closes ranged ($4.56 to $9.35), and it has given back roughly a quarter of its rise from last year’s low — 22% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $6.24 to $6.39. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 21.5% |
| From the all-time high | it is 22.5% below its all-time high | -22.5% |
| Nearest price level | it is trading 1.1% below a resistance level at $8.41 — a price it turned at twice since 2026-05-26, most recently on 2026-08-25. Since 2024-10-09 it has 12 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.1% |
| All-time low | its lowest closing price on record is $1.60 (set on 2020-03-19) | $1.60 |
| Above the all-time low | it is 420.0% above its all-time low | +420.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 89% of it) | 11th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2742 between its high and its low — about 3.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2742 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $7.96 and $8.66 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $7.96 – $8.31 – $8.66 |
| Typical daily range (% of price) | its price moves about 3.3% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.3% |
| Stretch from the 200-day average | it is trading 2.2 daily ranges above its 200-day average price (7.7% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.70× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 9 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 9 sessions ago |
|---|---|---|
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
| Since a bearish engulfing | today it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | today |
Price gaps
2
| Gap at the open | it opened on 2026-10-09 0.2% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.2% |
|---|---|---|
| Gap filled | a 2.0% gap up opened on 2026-09-11 has been "filled" 20 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 20 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 1.9 percentage points (the stock gained 0.2% while the market gained 2.1%) | -1.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 19.9 percentage points (the stock gained 23.4% while the market gained 3.6%) | +19.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 2.8 percentage points (the stock gained 11.7% while the market gained 14.5%) | -2.8% |
| vs market, 12 months | over the past 12 months this stock beat the market by 56.3 percentage points (the stock gained 72.3% while the market gained 16.0%) | +56.3% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: lagging the market over 6 months — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 6.4% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-02 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 4.8% of the share price. | +6.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $7.82 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP. | +6.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% above the average price paid since it last reported on 2026-08-10 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $8.10 — a volume-weighted average of daily closes over 44 sessions, not a true tick-by-tick VWAP. | +2.7% |
Price levels it has turned at before
PANL last closed at $8.32 on 2026-10-09. Since 2024-10-09 it has turned at 12 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $8.41 | Resistance | 1.1% above the last close | turned there twice · 2026-05-26 to 2026-08-25 |
| $8.65 | Resistance | 4.0% above the last close | turned there twice · 2026-09-04 to 2026-09-21 |
| $7.94 | Support | 4.5% below the last close | turned there four times · 2026-02-06 to 2026-09-28 |
| $7.76 | Support | 6.7% below the last close | turned there twice · 2026-07-24 to 2026-08-03 |
| $9.14 | Resistance | 9.9% above the last close | turned there twice · 2026-01-22 to 2026-02-11 |
| $7.11 | Support | 14.5% below the last close | turned there twice · 2026-04-22 to 2026-06-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 5 of five.
This labelling fails — stops being a possible reading at all — if it closes below $7.89.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $8.71 and $10.05 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This reading has stood for 4 trading days, since 2026-10-06.
Read from daily closes as of 2026-10-09.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Tested and reclaimed 200-day support · Broke out to a new 20-day high · MACD just crossed bullish (12/26/9) · Printed a bearish engulfing pair | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-10-09. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$10.85 range $10.25 – $11.50; median $10.80
Analyst estimates, as of 2026-10-04. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for PANL
- Consensus EPS estimate$0.305 next reporting period, as of 2026-10-04
- Estimate change, 30 days+$0.06833 (+28.9%) from $0.2367, on 2026-08-30, 35-day window
- Readings revised upward14% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["The cyclical and volatile nature of the seaborne drybulk transportation industry can lead to significant fluctuations in freight rates and profitability.","Exposure to risks associated with operating specialized ice-class vessels in harsh northern environments."]
What changed in the latest 10-Q
AI-assisted comparison of PANL's 10-Q filed 2026-05-11 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-11) includes selected financial data for three months ended March 31, 2026 and March 31, 2025
- Newer filing includes balance sheet data as of March 31, 2026 and December 31, 2025
- Newer filing includes line item 'Loss on vessel held for sale' ($358 thousand for Q1 2026)
- Newer filing includes cash flow statement header 'For the three months ended March 31' but data appears truncated
- Removed:
- Older filing (2025-11-10) included selected financial data for three months and nine months ended September 30, 2025 and 2024
- Older filing included line item 'Gain on sale of vessel and equipment' ($309 thousand for 2025 nine months, $0 for 2024)
- Older filing labeled depreciation line as 'Vessel and Terminal Equipment depreciation and amortization'; newer filing labels it 'Transportation and service depreciation and amortization'
- Older filing included 'Terminal Expenses' label; newer filing uses 'Terminal & stevedore expenses'
- Older filing included nine-month comparative data and year-to-date metrics
- Reworded:
- TCE rates definition changed from 'total revenues less voyage expenses divided by the length of the voyage, which is consistent with industry standards' (older) to 'total shipping segment revenue less voyage expenses, divided by total shipping days' (newer)
- TCE description changed from 'because rates for vessels on voyage charters are generally not expressed in per-day amounts' (older) to 'because rates for vessels on voyage charters generally are not expressed on a per-day basis' (newer)
- Depreciation line item name changed from 'Vessel and Terminal Equipment depreciation and amortization' (older) to 'Transportation and service depreciation and amortization' (newer)
- Line item changed from 'Total other expense, net' (older) to 'Total other income (expense), net' (newer) with sign reversal (negative to positive value reported)
- Notes:
- Newer filing covers different period (Q1 2026 vs. Q3 and nine months 2025 in older filing), making period-over-period comparisons limited
- Older filing shows complete selected financial information; newer filing text appears truncated at cash flow statement section
- Financial data figures are not directly comparable due to different reporting periods
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-05. The 5 days since 2026-10-05 have not been checked yet.
- Last 180 days · read to 2026-10-050 buys · 1 sell ($837000) — 1 selling insider
Most recent open-market transaction: 2026-05-26. Based on Form 4 filings read through 2026-10-05; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about PANL's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
PANL had 1,025,674 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
PANL had 1.57% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.69 days to cover at the same settlement.
- Reported short interest (shares) 1,025,674
- Short interest (% of shares outstanding) 1.57%
- Prior settlement (shares) 1,062,244
- Reported change -3.44%
- Days to cover (reported) 2.69
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Star Bulk Carriers (SBLK)
- Golden Ocean Group (GOGL)
- Genco Shipping & Trading (GNK)
- Eagle Bulk Shipping
- Safe Bulkers (SB)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does PANGAEA LOGISTICS SOLUTIONS LTD (PANL) do?
Pangaea Logistics Solutions Ltd. provides seaborne drybulk logistics and transportation services, specializing in the shipping of industrial commodities like grains, coal, and iron ore. The company operates a fleet of dry bulk vessels—including high-specification Ice-Class 1A ships for harsh environments—and provides integrated terminal, stevedoring, and port logistics solutions.
What sector is PANGAEA LOGISTICS SOLUTIONS LTD (PANL) in?
PANGAEA LOGISTICS SOLUTIONS LTD (PANL) is classified in the Industrials sector. Its industry is marine shipping / dry bulk logistics. It trades on NASDAQ.
Does PANL pay a dividend?
Yes — PANGAEA LOGISTICS SOLUTIONS LTD (PANL) pays a dividend, with an indicated yield of about 4.77% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are PANGAEA LOGISTICS SOLUTIONS LTD's (PANL) competitors?
Notable peers of PANGAEA LOGISTICS SOLUTIONS LTD (PANL) include Star Bulk Carriers, Golden Ocean Group, Genco Shipping & Trading, Eagle Bulk Shipping and Safe Bulkers. This peer set is informational only — not financial advice.
Is PANGAEA LOGISTICS SOLUTIONS LTD (PANL) overbought or oversold right now?
PANGAEA LOGISTICS SOLUTIONS LTD (PANL) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 52, in the neutral middle (as of 2026-10-09). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PANL come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.