Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Major Shareholder One Acquisition Holdin Pangaea Sells 38,370 Shares

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) major shareholder One Acquisition Holdin Pangaea sold 38,370 shares of the company’s stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $4.10, for a total value of $157,317.00. Following the completion of the transaction, the insider now owns 56,818 shares in the company, valued at $232,953.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, June 7th, One Acquisition Holdin Pangaea sold 85,099 shares of Pangaea Logistics Solutions stock. The stock was sold at an average price of $4.06, for a total value of $345,501.94.
  • On Tuesday, June 1st, One Acquisition Holdin Pangaea sold 103,850 shares of Pangaea Logistics Solutions stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $3.01, for a total value of $42,441.00.

PANL stock opened at $4.13 on Friday. Pangaea Logistics Solutions, Ltd. has a twelve month low of $2.01 and a twelve month high of $4.29. 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 company has a market cap of $188.44 million, a price-to-earnings ratio of 7.65 and a beta of 0.73. The company’s 50 day moving average is $3.59.

Pangaea Logistics Solutions (NASDAQ:PANL) last posted its quarterly earnings data on Tuesday, May 11th. The shipping company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. Pangaea Logistics Solutions had a return on equity of 9.25% and a net margin of 5.83%. The company had revenue of $124.97 million during the quarter, compared to analyst estimates of $103.50 million. On average, equities research analysts predict that Pangaea Logistics Solutions, Ltd. will post 0.7 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Pangaea Logistics Solutions by 9.8% during the 1st quarter. BlackRock Inc. now owns 535,892 shares of the shipping company’s stock valued at $1,693,000 after purchasing an additional 47,765 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Pangaea Logistics Solutions during the 1st quarter valued at $597,000. Acadian Asset Management LLC purchased a new stake in Pangaea Logistics Solutions during the 1st quarter valued at $181,000. Bank of New York Mellon Corp boosted its stake in Pangaea Logistics Solutions by 56.2% during the 4th quarter. Bank of New York Mellon Corp now owns 37,598 shares of the shipping company’s stock valued at $104,000 after purchasing an additional 13,523 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Pangaea Logistics Solutions by 247.1% during the 4th quarter. JPMorgan Chase & Co. now owns 31,745 shares of the shipping company’s stock valued at $88,000 after purchasing an additional 22,600 shares during the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

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

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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