Karen H. Beachy, a director at Pangaea Logistics Solutions Ltd. (NASDAQ:PANL), a shipping company with a market capitalization of $302 million and an attractive dividend yield of 4.5%, recently sold 11,000 common shares of the company. The shares were sold on May 22, 2025, at an average price of $4.54 per share, totaling $49,940. Following this transaction, Beachy holds 56,670 shares directly. The sale was executed in multiple transactions, with the share prices ranging from $4.53 to $4.56. The stock currently trades at $4.60, with a price-to-book ratio of 0.72 and healthy liquidity demonstrated by a current ratio of 1.61. InvestingPro analysis reveals 6 additional key insights about PANL’s financial health and growth prospects.
In other recent news, Pangaea Logistics Solutions reported its first-quarter earnings for 2025, showing a smaller-than-expected loss. The company achieved an earnings per share (EPS) of -0.03, surpassing the forecasted -0.1, while revenue reached $122.8 million, exceeding expectations of $121.22 million. Despite challenging market conditions, Pangaea Logistics demonstrated resilience with an adjusted net loss of $2 million and adjusted EBITDA of $14.8 million. The company has also announced a new $15 million share repurchase program and reduced its quarterly dividend from $0.10 to $0.05. Additionally, Pangaea Logistics continues to expand its fleet and terminal operations, integrating the SSI handy fleet vessels into its platform. The company has booked 4,275 shipping days for the second quarter of 2025 at a Time Charter Equivalent (TCE) of $12,524 per day. Analysts focused on the company’s dividend reduction strategy and share buyback approach during the earnings call. Pangaea Logistics remains committed to maintaining a disciplined capital allocation strategy while navigating the volatile dry bulk sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.