Insider Selling: Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Major Shareholder Sells 85,099 Shares of Stock

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) major shareholder One Acquisition Holdin Pangaea sold 85,099 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $4.06, for a total value of $345,501.94. Following the sale, the insider now owns 56,818 shares in the company, valued at $230,681.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 9th, One Acquisition Holdin Pangaea sold 38,370 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $4.10, for a total value of $157,317.00.
  • On Tuesday, June 1st, One Acquisition Holdin Pangaea sold 103,850 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $4.20, for a total value of $436,170.00.
  • On Thursday, May 27th, One Acquisition Holdin Pangaea sold 80,616 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $4.21, for a total value of $339,393.36.
  • On Monday, April 26th, One Acquisition Holdin Pangaea sold 2,764,516 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.08, for a total value of $8,514,709.28.
  • On Friday, April 23rd, One Acquisition Holdin Pangaea sold 2,438,051 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $2.97, for a total value of $7,241,011.47.
  • On Wednesday, April 21st, One Acquisition Holdin Pangaea sold 438,612 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $2.96, for a total value of $1,298,291.52.
  • On Monday, April 19th, One Acquisition Holdin Pangaea sold 56,738 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $2.99, for a total value of $169,646.62.
  • On Friday, April 16th, One Acquisition Holdin Pangaea sold 250,000 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $2.94, for a total value of $735,000.00.
  • On Wednesday, April 14th, One Acquisition Holdin Pangaea sold 7,557 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.00, for a total value of $22,671.00.
  • On Monday, April 12th, One Acquisition Holdin Pangaea sold 14,100 shares of Pangaea Logistics Solutions stock. The shares were sold at an average price of $3.01, for a total value of $42,441.00.

Shares of PANL stock opened at $4.13 on Friday. The company has a fifty day moving average of $3.59. The company has a current ratio of 1.82, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. The firm has a market cap of $188.44 million, a price-to-earnings ratio of 7.65 and a beta of 0.73. Pangaea Logistics Solutions, Ltd. has a one year low of $2.01 and a one year high of $4.29.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its quarterly earnings results on Tuesday, May 11th. The shipping company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $124.97 million for the quarter, compared to analyst estimates of $103.50 million. Pangaea Logistics Solutions had a return on equity of 9.25% and a net margin of 5.83%. As a group, research analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Tuesday, June 1st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.14 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Pangaea Logistics Solutions’s previous quarterly dividend of $0.02. Pangaea Logistics Solutions’s payout ratio is currently 43.75%.

Institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Pangaea Logistics Solutions by 159.0% in the first quarter. Barclays PLC now owns 8,838 shares of the shipping company’s stock worth $28,000 after purchasing an additional 5,426 shares in the last quarter. Rhumbline Advisers acquired a new position in Pangaea Logistics Solutions in the fourth quarter worth $34,000. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 22,600 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 13,523 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Pangaea Logistics Solutions during the first quarter valued at $181,000. 29.07% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised Pangaea Logistics Solutions from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Thursday.

About Pangaea Logistics Solutions

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, such as 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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