One Acquisition Holdin Pangaea Sells 85,099 Shares of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Stock

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) major shareholder One Acquisition Holdin Pangaea sold 85,099 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 56,818 shares in the company, valued at $230,681.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 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.

NASDAQ:PANL opened at $4.13 on Friday. The business’s 50-day moving average price is $3.59. The firm has a market capitalization of $188.44 million, a price-to-earnings ratio of 7.65 and a beta of 0.73. Pangaea Logistics Solutions, Ltd. has a 52-week low of $2.01 and a 52-week 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.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its earnings results on Tuesday, May 11th. The shipping company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm 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%. On average, equities analysts anticipate that Pangaea Logistics Solutions, Ltd. will post 0.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors 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 boost from Pangaea Logistics Solutions’s previous quarterly dividend of $0.02. Pangaea Logistics Solutions’s dividend payout ratio (DPR) is currently 43.75%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in Pangaea Logistics Solutions by 159.0% in the 1st 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 purchased a new position in Pangaea Logistics Solutions in the 4th quarter worth about $34,000. JPMorgan Chase & Co. increased its stake in Pangaea Logistics Solutions by 247.1% in the 4th 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 increased its stake in Pangaea Logistics Solutions by 56.2% in the 4th 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 purchased a new position in Pangaea Logistics Solutions in the 1st quarter worth about $181,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

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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