Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Major Shareholder One Acquisition Holdin Pangaea Sells 14,100 Shares

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) major shareholder One Acquisition Holdin Pangaea sold 14,100 shares of the stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $3.01, for a total transaction of $42,441.00. Following the sale, the insider now directly owns 56,818 shares of the company’s stock, valued at approximately $171,022.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Friday, April 9th, One Acquisition Holdin Pangaea sold 37,458 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.04, for a total transaction of $113,872.32.
  • On Wednesday, April 7th, One Acquisition Holdin Pangaea sold 15,069 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.06, for a total transaction of $46,111.14.
  • On Monday, April 5th, One Acquisition Holdin Pangaea sold 9,242 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.13, for a total transaction of $28,927.46.
  • On Wednesday, March 31st, One Acquisition Holdin Pangaea sold 6,000 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.16, for a total transaction of $18,960.00.
  • On Wednesday, March 24th, One Acquisition Holdin Pangaea sold 2,649 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.25, for a total transaction 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 transaction of $67,304.85.
  • On Thursday, March 18th, One Acquisition Holdin Pangaea sold 269,175 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $3.37, for a total transaction of $907,119.75.

Shares of PANL opened at $2.94 on Wednesday. The company has a market capitalization of $134.12 million, a P/E ratio of 36.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.20 and a quick ratio of 1.01. Pangaea Logistics Solutions, Ltd. has a one year low of $1.84 and a one year high of $3.90. The business’s 50 day simple moving average is $3.15 and its 200-day simple moving average is $2.92.

Pangaea Logistics Solutions (NASDAQ:PANL) last issued its earnings results on Tuesday, March 16th. The shipping company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. The company had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $98.05 million. Pangaea Logistics Solutions had a negative net margin of 0.16% and a positive return on equity of 5.14%. During the same quarter in the previous year, the company posted $0.11 EPS. On average, sell-side analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.3 EPS for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of PANL. BlackRock Inc. boosted its position in Pangaea Logistics Solutions by 118.2% in the third quarter. BlackRock Inc. now owns 404,701 shares of the shipping company’s stock valued at $1,048,000 after buying an additional 219,270 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 valued at $104,000 after buying an additional 13,523 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Pangaea Logistics Solutions during the fourth quarter worth $34,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Pangaea Logistics Solutions by 247.1% during 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 during the period. Hedge funds and other institutional investors own 30.02% of the company’s stock.

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, 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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