PANL - Pangaea Logistics Solns Insider Trades Send A Signal | Benzinga
It was reported on December 14, that Eric Rosenfeld, Director at Pangaea Logistics Solns (NASDAQ:PANL) executed a significant insider sell, according to an SEC filing.
What Happened: Rosenfeld's decision to sell 9,735 shares of Pangaea Logistics Solns was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $70,995.
Tracking the Friday's morning session, Pangaea Logistics Solns shares are trading at $7.81, showing a up of 1.43%.
About 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
Revenue Challenges: Pangaea Logistics Solns's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -26.49%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind ...