phoenix bulk carriers is the u.s. administrative agent for pangaea logistics solutions, ltd. with a growing staff of highly trained individuals, the company is best known for consistent performance, capability and integrity. the headquarters is located in historic newport, rhode island, with a second office in rio de janeiro, brazil. the company began in 1996 and currently operates between 35-50 vessels of which 14 (excluding 3 new buildings on order) are owned. phoenix provides a comprehensive set of services to a wide range of industrial customers who require the transportation of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, limestone, soybean, sugar, salt and wood pellets. the services and activities that phoenix provide include cargo loading, cargo discharge, vessel chartering and voyage planning. for more information go to www.pangaeals.com
Company profile
Ticker
PANL
Exchange
Website
CEO
Edward Coll
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teekay • Atlas • Seaspan • Danaos • Seacor • SFL • Navios Maritime • Genco Shipping & Trading Limited • Tsakos Energy Navigation Limited • Costamare ...
Former names
Quartet Holdco Ltd.
SEC CIK
PANL stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
27 Mar 24
S-3/A
Shelf registration (amended)
21 Mar 24
8-K
Pangaea Logistics Solutions Ltd. Announces Renewal of Shelf Registration Statement
15 Mar 24
S-3
Shelf registration
14 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Fourth Quarter 2023 Results
13 Mar 24
8-K
Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend
15 Feb 24
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Results of Operations and Financial Condition
8 Nov 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
PANL
Earnings call transcript
2023 Q4
14 Mar 24
PANL
Earnings call transcript
2023 Q3
9 Nov 23
PANL
Earnings call transcript
2023 Q2
10 Aug 23
PANL
Earnings call transcript
2023 Q1
11 May 23
PANL
Earnings call transcript
2022 Q4
16 Mar 23
PANL
Earnings call transcript
2022 Q3
10 Nov 22
PANL
Earnings call transcript
2022 Q2
10 Aug 22
PANL
Earnings call transcript
2022 Q1
11 May 22
PANL
Earnings call transcript
2021 Q4
17 Mar 22
PANL
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
MARK L FILANOWSKI
21 Mar 24
4
Gianni DelSignore
21 Mar 24
4
Mads Rosenber Boye Petersen
21 Mar 24
4
ERIC ROSENFELD
20 Feb 24
4
Karen H Beachy
20 Feb 24
4
David Sgro
20 Feb 24
4
Anthony Laura
20 Feb 24
4
Carl Claus Boggild
20 Feb 24
4
MOULIN RICHARD T DU
20 Feb 24
SC 13G/A
VR Advisory Services Ltd
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 87.36 mm | 87.36 mm | 87.36 mm | 87.36 mm | 87.36 mm | 87.36 mm |
Cash burn (monthly) | (no burn) | 2.55 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 17.66 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 69.70 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 27.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
69.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 83 |
Opened positions | 11 |
Closed positions | 14 |
Increased positions | 33 |
Reduced positions | 19 |
13F shares | Current |
---|---|
Total value | 126.20 bn |
Total shares | 32.38 mm |
Total puts | 37.40 k |
Total calls | 103.10 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Rockland Trust | 8.54 mm | $50.23 bn |
WELLINGTON TRUST Co N A | 2.98 mm | $15.34 mm |
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 2.55 mm | $13.13 mm |
SwissMarine Pte. | 2.48 mm | $13.80 mm |
BLK Blackrock | 2.25 mm | $13.22 bn |
Wellington Management | 2.07 mm | $12.15 bn |
Pangaea One | 1.57 mm | $7.53 mm |
Dimensional Fund Advisors | 1.37 mm | $8.04 bn |
Acadian Asset Management | 734.92 k | $4.32 mm |
Geode Capital Management | 732.68 k | $4.31 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Mar 24 | Mark L Filanowski | Common Share $0.0001 Par Value | Grant | Acquire A | No | No | 0 | 57,388 | 0.00 | 402,064 |
19 Mar 24 | Gianni DelSignore | Common Share $0.0001 Par Value | Grant | Acquire A | No | No | 0 | 28,694 | 0.00 | 362,062 |
19 Mar 24 | Mads Rosenber Boye Petersen | Common Share $0.0001 Par Value | Grant | Acquire A | No | No | 0 | 32,281 | 0.00 | 650,550 |
12 Dec 23 | Sgro David | Common Share $0.0001 Par Value | Sell | Dispose S | Yes | No | 7.35 | 11,848 | 87.08 k | 0 |
12 Dec 23 | Rosenfeld Eric | Common Share $0.0001 Par Value | Sell | Dispose S | Yes | No | 7.35 | 15,783 | 116.01 k | 205,131 |
News
Why Limbach Holdings Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
14 Mar 24
12 Industrials Stocks Moving In Thursday's Intraday Session
14 Mar 24
12 Industrials Stocks Moving In Thursday's Pre-Market Session
14 Mar 24
Recap: Pangaea Logistics Solns Q4 Earnings
13 Mar 24
Pangaea Logistics Solns Q4 2023 Adj EPS $0.16 Misses $0.34 Estimate, Sales $131.877M Miss $140.165M Estimate
13 Mar 24
Press releases
Pangaea Logistics Solutions Ltd. Announces Renewal of Shelf Registration Statement
15 Mar 24
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2023
13 Mar 24
PANGAEA LOGISTICS SOLUTIONS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 CONFERENCE CALL DATE
8 Mar 24