Pangaea Logistics Solutions Ltd. (PANL)
Nasdaq · Deep Sea Foreign Transportation Of Freight · Transportation, communications and utilities · CIK 1606909 · fiscal year ends in Dec
Closing price $8.03 on 29 Oct 2026; 52-week range $4.73 to $9.35.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $710.2M
- Revenue growth
- 22.5%
- Net income, last twelve months
- $47.6M
- Earnings per share
- $0.75
- Operating margin
- 9.3%
- Net margin
- 6.7%
- Return on equity
- 10.6%
- Market value
- $525.8M
- Price to earnings
- 10.7x
- Dividend yield
- 0.6%
- Cash
- $105.7M
- Debt
- $235.6M
- Debt to equity
- 0.53
- Shares outstanding
- 65.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $632.0M | $40.9M | $19.4M | $0.30 | $49.4M | 10-K filed 16 Mar 2026 |
| FY2024 | 31 Dec 2024 | $536.5M | $48.4M | $28.9M | $0.63 | $65.5M | 10-K filed 18 Mar 2025 |
| FY2023 | 31 Dec 2023 | $499.3M | $44.6M | $26.3M | $0.58 | $53.8M | 10-K filed 14 Mar 2024 |
| FY2022 | 31 Dec 2022 | $699.7M | $105.5M | $79.5M | $1.76 | $134.1M | 10-K filed 15 Mar 2023 |
| FY2021 | 31 Dec 2021 | $718.1M | $78.9M | $67.2M | $1.50 | $61.7M | 10-K filed 16 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $187.1M | $10.2M | $0.16 |
| Q1 FY2026 | 31 Mar 2026 | $170.6M | $13.3M | $0.21 |
| Q4 FY2025 | 31 Dec 2025 | $183.9M | $11.9M | $0.19 |
| Q3 FY2025 | 30 Sep 2025 | $168.7M | $12.2M | $0.19 |
| Q2 FY2025 | 30 Jun 2025 | $156.7M | -$2.7M | -$0.04 |
| Q1 FY2025 | 31 Mar 2025 | $122.8M | -$2.0M | -$0.03 |
| Q4 FY2024 | 31 Dec 2024 | $147.2M | $8.4M | $0.18 |
| Q3 FY2024 | 30 Sep 2024 | $153.1M | $5.1M | $0.11 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Voyage revenue | $577.5M | 91.4% |
| Charter revenue | $39.3M | 6.2% |
| Terminal & Stevedore Revenue | $15.2M | 2.4% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Other | $222.8M | 35.3% |
| United States | $177.7M | 28.1% |
| Canada | $65.0M | 10.3% |
| Country_Germany Domain | $59.4M | 9.4% |
| Country_Singapore Domain | $59.2M | 9.4% |
| United Kingdom | $48.0M | 7.6% |
Company events
The newest 8-K filings of 123 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 8 Jun 2026 | 8-K | Leadership change | 5.02 |
| 12 May 2026 | 8-K | Shareholder vote | 5.07 |
| 11 May 2026 | 8-K | Results | 2.02, 9.01 |
| 11 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Feb 2026 | 8-K | Other events | 8.01, 9.01 |
| 18 Dec 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 28 Nov 2025 | 8-K | Leadership change, Material agreement, Investor update | 1.01, 5.02, 7.01, 9.01 |
| 6 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 17 Sep 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 29 Aug 2025 | 8-K | Auditor change | 4.01, 9.01 |
| 7 Aug 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 286 held.
| Filed | Form | Period |
|---|---|---|
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 8 Jun 2026 | 8-K | 7 Jun 2026 |
| 12 May 2026 | 8-K | 7 May 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 27 Mar 2026 | DEF 14A | 31 Dec 2025 |
| 16 Mar 2026 | 10-K | 31 Dec 2025 |
| 11 Mar 2026 | 8-K | 10 Mar 2026 |
| 17 Feb 2026 | 8-K | 17 Feb 2026 |
| 18 Dec 2025 | 8-K | 18 Dec 2025 |
| 28 Nov 2025 | 8-K | 26 Nov 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 26 May 2026 | Rosenfeld Eric, Director | Sale outside a trading plan | 100,000 | $8.37 | $837.0K | 536,845 | 27 May 2026 |
| 19 Mar 2026 | Delsignore Gianni, Chief Financial Officer | Sale outside a trading plan | 23,779 | $6.99 | $166.2K | 378,668 | 20 Mar 2026 |
| 18 Mar 2026 | Petersen Mads Rosenber Boye, Chief Executive Officer | Sale outside a trading plan | 19,572 | $7.06 | $138.2K | 680,016 | 18 Mar 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 15 May 2026 | Eric Rosenfeld, Director | 100,000 | $841.0K | 15 May 2026 |
| 17 Mar 2026 | Mads Rosenberg Boye Petersen, Officer | 19,572 | $135.8K | 19 Mar 2026 |
| 17 Mar 2026 | Gianni DelSignore, Chief Financial Officer | 23,779 | $165.0K | 19 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 28 May 2026 | Maureen Maze | 13G amended | 4.83% | 3.2M |
| 18 Dec 2025 | Strategic Shipping Inc. | 13D amended | 29% | 18.9M |
| 28 Nov 2025 | Strategic Shipping Inc. | 13D amended | 29% | 18.9M |
| 6 Nov 2025 | Strategic Shipping Inc. | 13D amended | 29% | 18.9M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.1M | +13.83% | 2.94 |
| 30 Sep 2026 | 983.2K | -4.14% | 2.09 |
| 15 Sep 2026 | 1.0M | -3.44% | 2.69 |
| 31 Aug 2026 | 1.1M | -2.14% | 2.76 |
| 14 Aug 2026 | 1.1M | -17.07% | 2.51 |
| 31 Jul 2026 | 1.3M | +3.49% | 4.1 |
| 15 Jul 2026 | 1.3M | -2% | 3.04 |
| 30 Jun 2026 | 1.3M | +25.31% | 1.84 |
Funds that hold it
From each fund's latest Form 13F.
178 funds held it at 30 Jun 2026: 103 added and 32 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Dimensional Fund Advisors LP | 3,159,589 | $20.5M | +275,119 |
| BlackRock, Inc. | 2,841,154 | $18.5M | +597,237 |
| Rockland Trust Co. | 1,282,830 | $8.3M | -3,484,111 |
| Hillsdale Investment Management Inc. | 1,185,300 | $7.7M | +1,185,300 |
| Two Sigma Investments, LP | 983,940 | $6.4M | +347,062 |
| Geode Capital Management, LLC | 948,258 | $6.2M | +160,444 |
| Acadian Asset Management LLC | 913,764 | $5.9M | +138,153 |
| Cable Car Capital, LP | 870,000 | $5.7M | 0 |
| Qube Research & Technologies Ltd | 858,818 | $5.6M | +487,961 |
| Bridgeway Capital Management, LLC | 741,144 | $4.8M | +31,692 |
Peers
Companies in the same industry.
- Dorian LPG Ltd. (LPG): revenue $585.2M, market value $2.3B
- Genco Shipping & Trading Ltd. (GNK): revenue $440.7M, market value $1.2B