Pangaea Logistics: Despite The Discouraging Q4 2023 Results, It Is Still A Buy [Seeking Alpha]
Pangaea Logistics Solutions Ltd. (PANL)
Last pangaea logistics solutions ltd. earnings: 3/23 04:05 pm
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US:NASDAQ Investor Relations:
pangaeals.com/investors
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Source: Seeking Alpha
The company has $99 million cash, $68 million long-term debt, and $264 million total debt (including $143 million lease agreements). PANL offers attractive dividends with a 5.9% TTM yield and a payout ratio of 57.9%. PANL's edge is hidden in its ice-class vessels. PANL trades at a 40% discount to its current stock price, offering a balance between price, fleet quality, and leverage. Note: I previously covered Pangaea Logistics Solutions ( NASDAQ: PANL ). In my previous take on PANL, I pointed out the company's strengths: its ice-class fleet and port operations and its healthy financials. In today's article, I discuss the last earnings report and valuation. Shipping investing is tough. Volatility is not optional but guaranteed. The last PANL report reminded us of the validity of that statement. PANL delivered disappointing figures, causing a sell-off. In my opinion, investors' panic was an overreaction, providing an opportunity to buy at a better price. PANL FY23 results P
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PANL
News
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Those who invested in Pangaea Logistics Solutions (NASDAQ:PANL) three years ago are up 162% [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PANL
Earnings
- 3/13/24 - Miss
PANL
Sec Filings
- 3/27/24 - Form EFFECT
- 3/21/24 - Form S-3/A
- 3/21/24 - Form 4
- PANL's page on the SEC website