Pangaea Logistics Solutions Ltd (NASDAQ: PANL) is 5.97% higher on its value in year-to-date trading and has touched a low of $4.82 and a high of $9.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PANL stock was last observed hovering at around $5.65 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.68, the stock is 6.73% and 0.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 0.53% at the moment leaves the stock -15.44% off its SMA200. PANL registered -30.98% loss for a year compared to 6-month loss of -22.83%. The firm has a 50-day simple moving average (SMA 50) of $5.6686 and a 200-day simple moving average (SMA200) of $6.71715.
The stock witnessed a 8.40% gain in the last 1 month and extending the period to 3 months gives it a -10.83%, and is 4.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.31% over the week and 3.67% over the month.
Pangaea Logistics Solutions Ltd (PANL) has around 651 employees, a market worth around $368.98M and $521.26M in sales. Current P/E ratio is 12.10 and Fwd P/E is 7.44. Profit margin for the company is 4.14%. Distance from 52-week low is 17.84% and -40.37% from its 52-week high. The company has generated returns on investments over the last 12 months (3.65%).
with sales reaching $142.61M over the same period.The EPS is expected to shrink by -7.36% this year, but quarterly earnings will post 5.92% year-over-year. Quarterly sales are estimated to grow 8.14% in year-over-year returns.
Pangaea Logistics Solutions Ltd (PANL) Top Institutional Holders
136.0 institutions hold shares in Pangaea Logistics Solutions Ltd (PANL), with institutional investors hold 87.54% of the company’s shares. The shares outstanding are 46.90M, and float is at 15.60M with Short Float at 4.12%. Institutions hold 39.62% of the Float.
The top institutional shareholder in the company is ROCKLAND TRUST CO with over 8.55 million shares valued at $66.93 million. The investor’s holdings represent 18.9062% of the PANL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.33 million shares valued at $18.24 million to account for 5.1531 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.85 million shares representing 4.0996% and valued at over $14.51 million, while WELLINGTON MANAGEMENT GROUP LLP holds 3.5394 of the shares totaling 1.6 million with a market value of $12.53 million.
Pangaea Logistics Solutions Ltd (PANL) Insider Activity
#####
