Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Major Shareholder Sells $28,927.46 in Stock


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Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) major shareholder One Acquisition Holdin Pangaea sold 9,242 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $3.13, for a total value of $28,927.46. Following the completion of the sale, the insider now owns 56,818 shares in the company, valued at $177,840.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

One Acquisition Holdin Pangaea also recently made the following trade(s):

  • On Wednesday, March 31st, One Acquisition Holdin Pangaea sold 6,000 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.16, for a total value of $18,960.00.
  • On Wednesday, March 24th, One Acquisition Holdin Pangaea sold 2,649 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.25, for a total value of $8,609.25.
  • On Monday, March 22nd, One Acquisition Holdin Pangaea sold 20,091 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.35, for a total value of $67,304.85.
  • On Thursday, March 18th, One Acquisition Holdin Pangaea sold 269,175 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.37, for a total value of $907,119.75.

Shares of PANL stock opened at $3.05 on Thursday. Pangaea Logistics Solutions, Ltd. has a 1 year low of $1.84 and a 1 year high of $3.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.20 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $3.17 and its two-hundred day simple moving average is $2.90. The company has a market cap of $139.13 million, a PE ratio of 38.13 and a beta of 0.68.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its quarterly earnings results on Tuesday, March 16th. The shipping company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06. Pangaea Logistics Solutions had a positive return on equity of 5.14% and a negative net margin of 0.16%. During the same period in the prior year, the business earned $0.11 EPS. Equities research analysts expect that Pangaea Logistics Solutions, Ltd. will post 0.3 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Pangaea Logistics Solutions by 20.6% in the fourth quarter. BlackRock Inc. now owns 488,127 shares of the shipping company’s stock worth $1,352,000 after buying an additional 83,426 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Pangaea Logistics Solutions by 56.2% in the fourth quarter. Bank of New York Mellon Corp now owns 37,598 shares of the shipping company’s stock worth $104,000 after buying an additional 13,523 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Pangaea Logistics Solutions by 247.1% in the fourth quarter. JPMorgan Chase & Co. now owns 31,745 shares of the shipping company’s stock worth $88,000 after buying an additional 22,600 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Pangaea Logistics Solutions in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 30.02% of the company’s stock.

Separately, Zacks Investment Research upgraded Pangaea Logistics Solutions from a “sell” rating to a “hold” rating in a research report on Friday, March 5th.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.

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Insider Buying and Selling by Quarter for Pangaea Logistics Solutions (NASDAQ:PANL)

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