PANLNasdaqDeep Sea Foreign Transportation of FreightFiscal year ends December 31
Pangaea Logistics Solutions Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$7.66+0.05 (+0.66%)
Close on Oct 19, 2026
- Market cap
- $498.10M
- P/E (TTM)
- 10.2
- Dividend yield
- 0.65%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
42.8%
28M of 65M shares
Institutional holders
160
32 new, 16 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $1.14M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Carl Claus Boggild | 8,342,193 | 12.80% | 13D (active) amendment | Dec 30, 2024 |
| Pacific Star Private Trust Company Ltd. | 18,870,317 | 29.00% | 13D (active) amendment | Dec 18, 2025 |
| Strategic Investment LLC | 18,870,317 | 29.00% | 13D (active) amendment | Nov 26, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PANL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Dimensional Fund Advisors LP | 3,159,589 | 4.83% | $20.54M | +275,119 | 0.00% |
| BlackRock, Inc. | 2,841,154 | 4.34% | $18.47M | +597,237 | 0.00% |
| Rockland Trust Co | 1,282,830 | 1.96% | $8.34M | −3,484,111 | 0.33% |
| Hillsdale Investment Management Inc. | 1,185,300 | 1.81% | $7.70M | New | 0.18% |
| Two Sigma Investments, LP | 983,940 | 1.50% | $6.40M | +347,062 | 0.00% |
| Geode Capital Management, LLC | 948,258 | 1.45% | $6.17M | +160,444 | 0.00% |
| Acadian Asset Management LLC | 913,764 | 1.40% | $5.94K | +138,153 | 0.01% |
| Cable Car Capital, LP | 870,000 | 1.33% | $5.66M | – | 0.12% |
| Qube Research & Technologies Ltd | 858,818 | 1.31% | $5.58M | +487,961 | 0.01% |
| Bridgeway Capital Management, LLC | 741,144 | 1.13% | $4.82M | +31,692 | 0.08% |
| Nuveen, LLC | 728,532 | 1.11% | $4.74M | +352,236 | 0.00% |
| Renaissance Technologies LLC | 714,387 | 1.09% | $4.64M | −31,713 | 0.01% |
| Algert Global LLC | 688,554 | 1.05% | $4.48M | +487,319 | 0.05% |
| State Street Corp | 670,582 | 1.02% | $4.36M | +58,246 | 0.00% |
| Millennium Management LLC | 655,360 | 1.00% | $4.26M | −178,688 | 0.00% |
| Citadel Advisors LLC | 492,972 | 0.75% | $3.20M | +17,097 | 0.00% |
| Empowered Funds, LLC | 444,844 | 0.68% | $2.89M | +31,692 | 0.02% |
| Aqr Capital Management LLC | 411,235 | 0.63% | $2.67M | +278,044 | 0.00% |
| Point72 Asset Management, L.P. | 407,356 | 0.62% | $2.65M | −143,558 | 0.00% |
| Vanguard Capital Management LLC | 389,323 | 0.59% | $2.53M | +19,377 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 160 | 28M | 42.8% | 32 / 74 | 32 / 16 | 7M | 7M |
| Q1 2026 | 146 | 27M | 41.6% | 40 / 55 | 30 / 15 | 9M | 6M |
| Q4 2025 | 122 | 25M | 37.8% | 32 / 31 | 40 / 14 | 2M | 2M |
| Q3 2025 | 104 | 24M | 36.8% | 16 / 28 | 34 / 10 | 1M | 1M |
| Q2 2025 | 98 | 24M | 37.0% | 12 / 30 | 39 / 26 | 1M | 3M |
| Q1 2025 | 113 | 26M | 39.3% | 20 / 42 | 34 / 18 | 1M | 1M |
| Q4 2024 | 112 | 26M | 39.6% | 25 / 37 | 32 / 19 | 2M | 2M |
| Q3 2024 | 106 | 26M | 39.3% | 16 / 33 | 37 / 16 | 3M | 1M |
| Q2 2024 | 107 | 26M | 39.9% | 25 / 37 | 32 / 28 | 1M | 3M |
| Q1 2024 | 111 | 28M | 42.6% | 32 / 41 | 29 / 14 | 5M | 1M |
| Q4 2023 | 94 | 24M | 37.0% | 22 / 39 | 21 / 8 | 3M | 2M |
| Q3 2023 | 80 | 23M | 34.8% | 12 / 33 | 19 / 14 | 1M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PANL | Value | % of fund | As of |
|---|---|---|---|---|---|
| College Retirement Equities Fund - Total Global Stock Account | 648,021 | 0.99% | $4.21M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 378,247 | 0.58% | $2.46M | 0.00% | Jun 30, 2026 |
| Dimensional US Small Cap Value ETF | 376,305 | 0.57% | $2.86M | 0.03% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 334,566 | 0.51% | $2.55M | 0.02% | Jul 31, 2026 |
| North Square Dynamic Small Cap Fund | 244,691 | 0.37% | $1.85M | 0.24% | May 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 240,889 | 0.37% | $1.82M | 0.01% | May 31, 2026 |
| Dimensional U.S. Small Cap ETF | 215,690 | 0.33% | $1.64M | 0.01% | Jul 31, 2026 |
| Small Cap Equity Fund | 155,921 | 0.24% | $1.01M | 0.10% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 153,277 | 0.23% | $1.16M | 0.01% | May 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 108,696 | 0.17% | $827.18K | 0.00% | Jul 31, 2026 |
| VictoryShares Small Cap Free Cash Flow ETF | 99,585 | 0.15% | $647.30K | 0.11% | Jun 30, 2026 |
| iShares US Small Cap Value Factor ETF | 99,440 | 0.15% | $646.36K | 0.33% | Jun 30, 2026 |
| Victory Integrity Discovery Fund | 97,500 | 0.15% | $633.75K | 0.69% | Jun 30, 2026 |
| SIMT Small Cap Fund | 61,011 | 0.09% | $396.57K | 0.08% | Jun 30, 2026 |
| Nuveen Equity Index Fund | 58,714 | 0.09% | $446.81K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Gianni DelSignore | Chief Financial Officer | 391,462 | 0.60% | Mar 26, 2026 |
| Daniel Schildt | Chief Strategy Officer | 28,068 | 0.04% | Mar 26, 2026 |
| Mads Rosenber Boye Petersen | Chief Executive Officer | 703,726 | 1.07% | Mar 26, 2026 |
| Anthony Laura | Director | 2,128,009 | 3.25% | Jun 9, 2026 |
| Eric Rosenfeld | Director | 757,759 | 1.16% | May 27, 2026 |
| Carl Claus Boggild | Director, 10% owner | 8,379,421 | 12.80% | Feb 20, 2026 |
| Gary Vogel | Director | 37,228 | 0.06% | Feb 20, 2026 |
| Paul M. Leand Jr. | Director | 14,151 | 0.02% | Feb 20, 2026 |
| Moulin Richard T. Du | Director | 280,269 | 0.43% | Feb 20, 2026 |
| Karen H. Beachy | Director | 70,821 | 0.11% | Feb 20, 2026 |
| David Sgro | Director | 361,811 | 0.55% | Feb 20, 2026 |
| Eugene I. Davis | Director | 14,151 | 0.02% | Feb 20, 2026 |
| Christina Tan | Director | 18,893,394 | 28.86% | Jun 18, 2025 |
| Mark L. Filanowski | – | 567,686 | 0.87% | Jan 12, 2026 |
| Shipping Inc. Strategic | 10% owner | 18,870,317 | 28.82% | Jun 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Eric Rosenfeld Director | May 26, 2026 | Sale | −100,000 | $8.37 | $837.00K | 536,845 |
| Mads Rosenber Boye Petersen Chief Executive Officer | Mar 25, 2026 | Award | +23,710 | – | – | 703,726 |
| Mads Rosenber Boye Petersen Chief Executive Officer | Mar 25, 2026 | Award | +23,710 | – | – | 727,436 |
| Gianni DelSignore Chief Financial Officer | Mar 25, 2026 | Award | +12,794 | – | – | 391,462 |
| Gianni DelSignore Chief Financial Officer | Mar 25, 2026 | Award | +12,794 | – | – | 404,256 |
| Daniel Schildt Chief Strategy Officer | Mar 25, 2026 | Award | +10,284 | – | – | 28,068 |
| Daniel Schildt Chief Strategy Officer | Mar 25, 2026 | Award | +10,284 | – | – | 17,784 |
| Gianni DelSignore Chief Financial Officer | Mar 19, 2026 | Sale | −23,779 | $6.99 | $166.22K | 378,668 |
| Mads Rosenber Boye Petersen Chief Executive Officer | Mar 18, 2026 | Sale | −19,572 | $7.06 | $138.18K | 680,016 |
| Anthony Laura Director | Feb 25, 2026 | Award | +7,070 | – | – | 714,053 |
| Anthony Laura Director | Feb 25, 2026 | Award | +7,070 | – | – | 714,043 |
| Anthony Laura Director | Feb 25, 2026 | Gift | −14,140 | $8.48 | $119.91K | 0 |
| Moulin Richard T. Du Director | Feb 20, 2026 | Award | +14,151 | $8.48 | $120.00K | 280,269 |
| Eric Rosenfeld Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 636,845 |
| Paul M. Leand Jr. Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 14,151 |
| Anthony Laura Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 37,228 |
| Carl Claus Boggild Director, 10% owner | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 8,379,421 |
| Gary Vogel Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 37,228 |
| Eugene I. Davis Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 14,151 |
| David Sgro Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 361,811 |
| Karen H. Beachy Director | Feb 18, 2026 | Award | +14,151 | $8.48 | $120.00K | 70,821 |
| Shipping Inc. Strategic 10% owner | Jun 16, 2025 | Buy | +39,524 | $4.63 | $183.00K | 18,870,317 |
| Shipping Inc. Strategic 10% owner | Jun 5, 2025 | Buy | +5,918 | $4.49 | $26.57K | 18,830,793 |
| Shipping Inc. Strategic 10% owner | Jun 3, 2025 | Buy | +25,500 | $4.48 | $114.24K | 18,824,875 |
| Shipping Inc. Strategic 10% owner | Jun 2, 2025 | Buy | +50,000 | $4.44 | $222.00K | 18,799,375 |
| Shipping Inc. Strategic 10% owner | May 30, 2025 | Buy | +19,205 | $4.49 | $86.23K | 18,749,375 |
| Shipping Inc. Strategic 10% owner | May 29, 2025 | Buy | +3,620 | $4.49 | $16.25K | 18,730,170 |
| Karen H. Beachy Director | May 22, 2025 | Sale | −11,000 | $4.54 | $49.94K | 56,670 |
| Mark L. Filanowski Chief Executive Officer, Director | May 21, 2025 | Buy | +20,000 | $4.75 | $95.00K | 500,679 |
| Shipping Inc. Strategic 10% owner | May 20, 2025 | Buy | +23,547 | $4.43 | $104.31K | 18,726,550 |
| Shipping Inc. Strategic 10% owner | May 19, 2025 | Buy | +17,384 | $4.36 | $75.79K | 18,703,003 |
| Shipping Inc. Strategic 10% owner | May 16, 2025 | Buy | +16,966 | $4.35 | $73.80K | 18,685,619 |
| Shipping Inc. Strategic 10% owner | May 15, 2025 | Buy | +75,000 | $4.29 | $321.75K | 18,668,653 |
| Shipping Inc. Strategic 10% owner | Apr 11, 2025 | Buy | +6,504 | $4.24 | $27.58K | 18,593,653 |
| Shipping Inc. Strategic 10% owner | Apr 10, 2025 | Buy | +75,000 | $4.24 | $318.00K | 18,587,149 |
| Shipping Inc. Strategic 10% owner | Apr 9, 2025 | Buy | +7,807 | $4.10 | $32.01K | 18,512,149 |
| Shipping Inc. Strategic 10% owner | Apr 8, 2025 | Buy | +75,000 | $4.16 | $312.00K | 18,504,342 |
| Shipping Inc. Strategic 10% owner | Apr 7, 2025 | Buy | +50,000 | $4.14 | $207.00K | 18,429,342 |
| Shipping Inc. Strategic 10% owner | Apr 4, 2025 | Buy | +20,000 | $4.06 | $81.20K | 18,379,342 |
| Anthony Laura Director | Feb 28, 2025 | Award | +11,544 | – | – | 706,983 |
| Anthony Laura Director | Feb 28, 2025 | Award | +11,544 | – | – | 706,973 |
| Anthony Laura Director | Feb 28, 2025 | Gift | −23,088 | $5.20 | $120.06K | 14,140 |
| Karen H. Beachy Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 67,670 |
| David Sgro Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 347,660 |
| Christina Tan Director, 10% owner | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 23,077 |
| Moulin Richard T. Du Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 266,118 |
| Eric Rosenfeld Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 622,694 |
| Gary Vogel Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 23,077 |
| Carl Claus Boggild Director, 10% owner | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 8,365,270 |
| Anthony Laura Director | Feb 19, 2025 | Award | +23,077 | $5.20 | $120.00K | 23,077 |
| Daniel Schildt Chief Strategic Officer | Feb 18, 2025 | Award | +7,500 | $5.30 | $39.75K | 7,500 |
| Mark L. Filanowski Chief Executive Officer, Director | Feb 18, 2025 | Award | +84,615 | – | – | 480,679 |
| Mads Rosenber Boye Petersen Chief Operating Officer | Feb 18, 2025 | Award | +49,038 | – | – | 699,588 |
| Gianni DelSignore Chief Financial Officer | Feb 18, 2025 | Award | +40,385 | – | – | 402,447 |
| Mark L. Filanowski Chief Executive Officer, Director | Nov 21, 2024 | Gift | −6,000 | – | – | 396,064 |
| Mark L. Filanowski Chief Executive Officer, Director | Nov 21, 2024 | Gift | +3,000 | – | – | 32,757 |
| Mark L. Filanowski Chief Executive Officer, Director | Nov 21, 2024 | Gift | +3,000 | – | – | 32,250 |
| Mark L. Filanowski Chief Executive Officer, Director | Mar 19, 2024 | Award | +57,388 | – | – | 402,064 |
| Gianni DelSignore Chief Financial Officer | Mar 19, 2024 | Award | +28,694 | – | – | 362,062 |
| Mads Rosenber Boye Petersen Chief Operating Officer | Mar 19, 2024 | Award | +32,281 | – | – | 650,550 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Rosenfeld Eric Director | May 15, 2026 | 100,000 | $841.00K | May 15, 2026 | Open market |
| DelSignore Gianni Chief Financial Officer | Mar 17, 2026 | 23,779 | $165.03K | Mar 19, 2026 | Vesting of restricted stock units (RSUs) under the Company's equity incentive plan |
| Rosenberg Boye Petersen Mads Officer | Mar 17, 2026 | 19,572 | $135.83K | Mar 19, 2026 | Vesting of restricted stock units (RSUs) under the Company's equity incentive plan |
| Karen H. Beachy Director | May 22, 2025 | 11,000 | $54.23K | May 22, 2025 | Stock Award |
| Rosenfeld Eric Member of the Board of Directors | Nov 17, 2023 | 68,376 | $476.58K | Nov 17, 2023 | Purchase of common shares in a private placement |
| Sgro David Member of the Board of Directors | Nov 17, 2023 | 51,283 | $357.44K | Nov 17, 2023 | Purchase of common shares in a private placement |
| Rosenfeld Eric Member of the Board of Directors | Aug 10, 2023 | 88,889 | $613.33K | Aug 14, 2023 | Purchase of common shares in a private placement |
| Sgro David Member of the Board of Directors | Aug 10, 2023 | 51,283 | $353.85K | Aug 14, 2023 | Purchase of common shares in a private placement |
| Rosenfeld Eric Member of the Board of Directors | Jun 23, 2023 | 88,889 | $594.67K | Jun 23, 2023 | Purchase of common shares in a private placement |
| Sgro David Member of the Board of Directors | Jun 23, 2023 | 33,334 | $224.34K | Jun 23, 2023 | Purchase of common shares in a private placement |