Pangaea Logistics Solutions Ltd. - Common Stock (PANL)
4.9200
0.00 (0.00%)
Pangaea Logistics Solutions is a global provider of transportation services, primarily focusing on the logistics and delivery of temperature-sensitive and bulk cargoes
The company operates a diverse fleet of vessels and engages in shipping, logistics, and marine transportation solutions, facilitating the movement of goods for various industries, including food and agriculture. With a commitment to efficiency and sustainability, Pangaea leverages its expertise in maritime operations to optimize supply chains, ensuring timely and reliable delivery while navigating complex global trade routes.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Over the past six months, Pangaea’s shares (currently trading at $5.34) have posted a disappointing 17.7% loss, well below the S&P 500’s 16.9% gain. This might have investors contemplating their next move.
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Pangaea Logistics (NASDAQPANL) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 12.9% year on year to $153.1 million. Its non-GAAP profit of $0.24 per share was 12.2% below analysts’ consensus estimates.
Halper Sadeh LLC, an investor rights law firm, is investigating whether Pangaea Logistics Solutions Ltd.’s (NASDAQPANL) acquisition of 100% ownership in fifteen handy-size vessels is fair to Pangaea shareholders. The fifteen handy-size vessels have a total net asset value of $193 million. As consideration for the vessels, Pangaea will issue approximately 19.0 million of new common shares to the vessels owners.
PANL stock results show that Pangaea Logistics Solns missed analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.
PANL stock results show that Pangaea Logistics Solns beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
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