Pangaea Logistics (PANL)

• Market cap: $227M
• 1 day: -3.01%
• 5 days: -9.53%
• 1 month: -18.93%
• 3 months: -24.96%
• 6 months: -36.65%
• Year to date: -38.97%
• 1 year: -38.03%
• 5 years: 58.69%
• 10 years: 2.11%
• Sector: Industrials
• Industry: Deep Sea Foreign Transportation of Freight

About: Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Employees: 651

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

535% more call options, than puts

Call options by funds: $254K | Put options by funds: $40K

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

1% less funds holding

Funds holding: 106 [Q2] → 105 (-1) [Q3]

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

1.61% less ownership

Funds ownership: 56.26% [Q2] → 54.64% (-1.61%) [Q3]

10% less capital invested

Capital invested by funds: $207M [Q2] → $185M (-$21.3M) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 37