Rhode Island-based Pangaea Logistics Solutions is being hailed as “a model of consistency" after turning in a near-breakeven fourth quarter that exceeded some analyst expectations.
Noble Capital Markets analyst Poe Fratt also called Pangaea “unique and different” in maintaining a buy rating on the Ed Coll-led owner of dry bulk vessels.
Pangaea lost $600,000, or a penny per share, for the quarter before a one-time adjustment that gave it earnings of $0.09
