The stock of Pangaea Logistics Solutions Ltd (NASDAQ:PANL) is a huge mover today! About 305,116 shares traded hands or 1449.76% up from the average. Pangaea Logistics Solutions Ltd (NASDAQ:PANL) has risen 19.05% since April 14, 2016 and is uptrending. It has outperformed by 14.36% the S&P500.
The move comes after 6 months positive chart setup for the $153.65M company. It was reported on Nov, 16 by Barchart.com. We have $7.81 PT which if reached, will make NASDAQ:PANL worth $192.06 million more.
According to Zacks Investment Research, “Pangaea Logistics Solutions Ltd. operates as a global logistics company. It provides seaborne drybulk transportation services. The Company provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. It provides dry bulk cargo transportation services for steel, aluminum, energy, agricultural, and other sectors. Pangaea Logistics Solutions Ltd. is headquartered in Newport, Rhode Island.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.34, from 1.29 in 2016Q1. The ratio dropped, as 32 funds sold all Pangaea Logistics Solutions Ltd shares owned while 68 reduced positions. 34 funds bought stakes while 61 increased positions. They now own 40.48 million shares or 1.30% more from 39.96 million shares in 2016Q1.
Primecap Management Ca last reported 0.08% of its portfolio in the stock. Principal Financial Group last reported 9,648 shares in the company. Henderson Grp Public Limited Com reported 262,190 shares or 0.15% of all its holdings. Citigroup holds 0% of its portfolio in Pangaea Logistics Solutions Ltd (NASDAQ:PANL) for 10,271 shares. Rothschild Inv Corporation Il has 0.18% invested in the company for 20,775 shares. Blackrock Advsrs Lc has 0.02% invested in the company for 259,886 shares. Raymond James & Associate last reported 44,390 shares in the company. Blackrock Group accumulated 0% or 85,770 shares. Moreover, Cap One Natl Association has 0.05% invested in Pangaea Logistics Solutions Ltd (NASDAQ:PANL) for 9,406 shares. Moreover, Endurance Wealth has 2.17% invested in Pangaea Logistics Solutions Ltd (NASDAQ:PANL) for 170,808 shares. Deutsche Bancorporation Ag accumulated 194,380 shares or 0.01% of the stock. Princeton Strategies Limited Liability last reported 0.29% of its portfolio in the stock. Lord Abbett & Ltd Limited Liability Company reported 877,809 shares or 0.19% of all its holdings. Wells Fargo Mn owns 772,925 shares or 0.02% of their US portfolio. Bradley Foster Sargent Inc Ct has 0.21% invested in the company for 68,025 shares.
Insider Transactions: Since September 19, 2016, the stock had 0 insider buys, and 2 selling transactions for $941,110 net activity. BECKER LEONARD had sold 5,000 shares worth $305,541. On Friday, November 11 the insider Mahon Janice K sold $635,569.
More notable recent Pangaea Logistics Solutions Ltd (NASDAQ:PANL) news were published by: Prnewswire.com which released: “Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter …” on November 10, 2016, also Prnewswire.com with their article: “Pangaea Logistics Solutions to Report Third Quarter 2016 Results” published on November 04, 2016, Nasdaq.com published: “Pangaea Logistics Solutions Ltd. Announces 102% Advance In Q3 Bottom Line” on November 10, 2016. More interesting news about Pangaea Logistics Solutions Ltd (NASDAQ:PANL) were released by: Prnewswire.com and their article: “Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter …” published on May 10, 2016 as well as Prnewswire.com‘s news article titled: “Pangaea Logistics Solutions to Report Second Quarter 2016 Results” with publication date: August 08, 2016.
PANL Company Profile
Pangaea Logistics Solutions, Ltd. (Pangaea), incorporated on April 29, 2014, is a holding company. The Firm is a well-known provider of seaborne drybulk transportation services. The Firm services a range of industrial clients who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Firm addresses the transportation needs of its clients by undertaking a set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The Company’s subsidiaries include Phoenix Bulk Carriers (BVI) Limited, Phoenix Bulk Management Bermuda Limited, Americas Bulk Transport (BVI) Limited, Bulk Ocean Shipping (Bermuda) Ltd., Phoenix Bulk Carriers (US) LLC, Allseas Logistics Bermuda Ltd., Bulk Patriot Ltd., Bulk Juliana Ltd., Bulk Trident Ltd., Bulk Atlantic Ltd., Nordic Bulk Barents Ltd., Nordic Bulk Bothnia Ltd., Nordic Bulk Carriers A/S and Nordic Bulk Holding ApS.
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