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Insider Buying: The Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Director Just Bought US$50k Worth Of Shares

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Simply Wall St
·3 min read
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Even if it's not a huge purchase, we think it was good to see that Carl Boggild, the Director of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) recently shelled out US$50k to buy stock, at US$3.52 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Pangaea Logistics Solutions

Pangaea Logistics Solutions Insider Transactions Over The Last Year

In fact, the recent purchase by Carl Boggild was the biggest purchase of Pangaea Logistics Solutions shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$3.12). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Carl Boggild was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

Pangaea Logistics Solutions is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Pangaea Logistics Solutions

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Pangaea Logistics Solutions insiders own 44% of the company, currently worth about US$62m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Pangaea Logistics Solutions Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Pangaea Logistics Solutions. That's what I like to see! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Pangaea Logistics Solutions (of which 1 is potentially serious!) you should know about.

Of course Pangaea Logistics Solutions may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.