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PANL Pangaea Logistics Solutions

Pangaea is a US-based maritime logistics and transportation company utilizing its expertise to service a broad base of customers who require the transportation of a wide variety of dry bulk cargoes. The Company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities that seeks to add value at every step of the supply chain. The Company operates a fleet of approximately 45-60 Supramax, Panamax and Handymax vessels, of which 21 are owned or partially owned. The Company is a leader in the high ice class sector, secured by its control of a majority of the world’s large dry bulk vessels with Ice-Class 1a designation. Pangaea’s 24/7/365 operation is managed by an experienced and dedicated team out of four offices, Newport (headquarters), Athens, Copenhagen, and Singapore. The company has grown to be one of the most respected full-service maritime logistics companies in the world. We have the scale and flexibility to handle any challenge and focus to give your project or cargo the attention it deserves.

PANL stock data

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Calendar

10 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 40.61M 40.61M 40.61M 40.61M 40.61M 40.61M
Cash burn (monthly) 468.1K 739.87K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.72M 2.72M n/a n/a n/a n/a
Cash remaining 38.89M 37.89M n/a n/a n/a n/a
Runway (months of cash) 83.1 51.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 5.2455 45,009 236.09K 3,275,948
23 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 5.315 48,929 260.06K 3,320,957
23 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 5.315 800 4.25K 3,369,886
22 Jun 21 Laura Anthony Common Share $0.0001 Par Value Gift Dispose G No No 0 1,269,656 0 0
11 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.0135 3,051,366 12.25M 3,370,686
10 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.117 137,766 567.18K 6,422,052
9 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.1005 38,370 157.34K 6,559,818
8 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.1272 48,637 200.73K 6,598,188
7 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.0591 85,099 345.43K 6,646,825
1 Jun 21 Pangaea One Acquisition Holdings XIV Common Share $0.0001 Par Value Sell Dispose S Yes No 4.2003 103,850 436.2K 6,731,924

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

44.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 50 42 +19.0%
Opened positions 22 6 +266.7%
Closed positions 14 2 +600.0%
Increased positions 14 13 +7.7%
Reduced positions 11 13 -15.4%
13F shares
Current Prev Q Change
Total value 208.29M 119.88M +73.8%
Total shares 20.43M 26.78M -23.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Rockland Trust 8.53M $42.81M -11.9%
Pangaea One 3.43M $14.16M -74.6%
VR Advisory Services 3.19M $15.86M +146.4%
Wellington Management 1.78M $8.96M NEW
Renaissance Technologies 624.19K $3.13M +230.4%
Acadian Asset Management 346.95K $1.74M +504.7%
EAM Investors 329.75K $1.66M NEW
MS Morgan Stanley 318.2K $1.6M +109625.2%
Bridgeway Capital Management 193.5K $971K 0.0%
Dimensional Fund Advisors 180.73K $907K +10.0%
Largest transactions
Shares Bought/sold Change
Pangaea One 3.43M -10.09M -74.6%
VR Advisory Services 3.19M +1.9M +146.4%
Wellington Management 1.78M +1.78M NEW
Rockland Trust 8.53M -1.15M -11.9%
BLK Blackrock 40.12K -495.78K -92.5%
Renaissance Technologies 624.19K +435.3K +230.4%
EAM Investors 329.75K +329.75K NEW
MS Morgan Stanley 318.2K +317.91K +109625.2%
Acadian Asset Management 346.95K +289.58K +504.7%
Marshall Wace North America 164.97K +164.97K NEW

Financial report summary

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Management Discussion
  • •Net income attributable to Pangaea Logistics Solutions Ltd. of $11.4 million as compared to $11.7 million for the year ended December 31, 2019.
  • •Income from operations of $19.7 million, down from $23.3 million for 2019.
  • •Earnings per share were $0.26 as compared to $0.27 for the year ended December 31, 2019.
Content analysis
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H.S. freshman Avg
New words: employed, half, improve, issuance, Kurushima, lagged, mark, mortgage, Nukilik, Nuluujaak, predominantly, preferred, Qinngua, requisite, settlement, Shin, Siku, spot, utilization, Valor, wholly
Removed: build, building, decreased, February, full, high, lower, newbuilding, outperform