PANL - David Sgro Takes Money Off The Table Sells $53K In Pangaea Logistics Solns Stock | Benzinga
It was reported on December 14, that David Sgro, Director at Pangaea Logistics Solns (NASDAQ:PANL) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Sgro sold 7,293 shares of Pangaea Logistics Solns. The total transaction amounted to $53,186.
The latest market snapshot at Friday morning reveals Pangaea Logistics Solns shares up by 1.04%, trading at $7.78.
Delving into Pangaea Logistics Solns's Background
Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.
Unraveling the Financial Story of Pangaea Logistics Solns
Negative Revenue Trend: Examining Pangaea Logistics Solns's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -26.49% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, ...