PANL NASDAQ
Credit Risk of going bust: higher than 70% of companies Debt: 39.9% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.51 (down 94%), Pangaea Logistics Solutions, Ltd. would be worth roughly what it owes.
Total debt $349.5M against a stock market value of $525.8M.
Distance to default 3.43 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $209.6M (short-term plus half of long-term), stock volatility 49.2%; Altman Z'' 2.85. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Newport, RI 02840
US
Pangaea Logistics Solutions, Ltd., along with its subsidiary companies, offers specialized global seaborne transportation and logistics services for dry bulk commodities to industrial clients. The firm handles a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its marine logistics offerings encompass cargo handling (loading and discharge), vessel chartering, meticulous voyage planning, and professional technical management for its ships. As of March 16, 2022, Pangaea owned and operated a fleet of 25 vessels. Founded in 1996, the company's headquarters are located in Newport, Rhode Island.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| ROSENFELD ERIC | S-Sale | 100,000 | $8.37 | 2026-05-26 |
| Petersen Mads Rosenb | A-Award | 23,710 | — | 2026-03-25 |
| Petersen Mads Rosenb | A-Award | 23,710 | — | 2026-03-25 |
| DelSignore Gianni | A-Award | 12,794 | — | 2026-03-25 |
| DelSignore Gianni | A-Award | 12,794 | — | 2026-03-25 |