PANL - Insider Decision: David Sgro Offloads $87K Worth Of Pangaea Logistics Solns Stock | Benzinga
David Sgro, Board Member at Pangaea Logistics Solns (NASDAQ:PANL), executed a substantial insider sell on December 14, according to an SEC filing.
What Happened: Sgro's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 11,848 shares of Pangaea Logistics Solns. The total transaction value is $87,082.
In the Friday's morning session, Pangaea Logistics Solns's shares are currently trading at $7.81, experiencing a up of 1.43%.
Unveiling the Story Behind Pangaea Logistics Solns
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.
Understanding the Numbers: Pangaea Logistics Solns's Finances
Decline in Revenue: Over the 3 months period, Pangaea Logistics Solns faced challenges, resulting in a decline of approximately -26.49% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to ...