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Pangaea Logistics Solutions Ltd. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by Strategic Shipping Inc., was filed 18 Jun 2025.
Pangaea Logistics Solutions Ltd.: what insiders have been doing
Every trade that managers of Pangaea Logistics Solutions Ltd. disclose to SEC (Form 4) is tracked on this page. The company sits in the Industrials sector. Over the twelve months to 18 October 2026, 14 filings were filed, from 12 insiders.
The flow runs one way only: 2 sales worth €265k, from 2 insiders, and no purchase. The largest single trade was a sale of €145k by DelSignore Gianni, published on 20 March 2026.
Across the 5,458 companies tracked on its exchange, the median is 22 filings; at 14 filings, this issuer sits below that mark. Over the whole record (from 2021), the tally stands at 8 purchases and 17 sales. The 10-K for the year ended 31 December 2025 shows 632.0 m USD of revenue and 19.4 m USD of net income and a dividend of 0.05 USD per share.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
In the same sector, recent insider purchases at Tennant Co and Butler National Corp also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
83
Thresholds
n/a
Buy Volume
€839,430
8 ops. · all time
Sell Volume
€2M
17 ops. · all time
Who traded when
BuySaleStrategic Shipping Inc.7 buys
Gianni DelSignore1 sale
Karen H. Beachy1 sale
Mads Rosenber Boye Petersen1 sale
Mark L. Filanowski1 buy
Since the insiders bought
- +53.4%Entry US$4.89 · Close at T+365 US$7.50
- +82.0%Entry US$4.60 · Close at T+365 US$8.37
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Pangaea Logistics Solutions Ltd. Strong Buy (bullish), based on 3 analysts. Average price target: US$10.85.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 10,844 of 26,417 companies
56.2
score / 100
Value70
Quality43
FCF yld9.4%
Earn yld3.9%
EV/EBITDA7.6x
ROE10%
Gross mgn11%
Net mgn3.1%
Debt/EBITDA1.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$7.28
Analyst consensus
3 analystsStrong buy
US$10.25Target US$10.85(+49%)US$11.50
Income statement
RevenueUS$632M
Gross profitUS$69M11% margin
EBITDAUS$86.6M14% margin
Net incomeUS$19.4M6.7% margin
Valuation
PER (trailing)9.5x
PER (forward)8.2x
P/Book1.1x
Beta0.78
Balance sheet & cash
Market capUS$476.6M
Total debtUS$152.4M
Free Cash FlowUS$47.2M
Debt / Equity71%
Profitability & ownership
ROE10.4%
ROA4.2%
% insiders51.1%
% institutions41.4%
Last declaration on 26 March 2026
Declarations83 total
23,710 shares0Common Share $0.0001 Par ValueSEC:0001628280-26-021478:0
10,284 shares0Common Share $0.0001 Par ValueSEC:0001628280-26-021469:0
12,794 shares0Common Share $0.0001 Par ValueSEC:0001628280-26-021472:0
23,779 shares@ US$6.99100.0% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-020234:0
19,572 shares@ US$7.063100.0% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-019451:0
14,151 shares@ US$8.4810.8% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-012061:0
14,151 shares@ US$8.4813.3% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010340:0
14,151 shares@ US$8.48100.0% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010363:0
14,151 shares@ US$8.48100.0% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010360:0
14,151 shares@ US$8.4846.9% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010358:0
14,151 shares@ US$8.4821.8% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010352:0
14,151 shares@ US$8.4819.9% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010345:0
14,151 shares@ US$8.4820.0% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010335:0
14,151 shares@ US$8.4818.4% of flowCommon Share $0.0001 Par ValueSEC:0001628280-26-010347:0
39,524 shares@ US$4.6321.0% of flowCommon Shares, $0.0001 par value per shareSEC:0000919574-25-003658:0
Canonical exit: 14 Sept 2025 (T+90)
25,500 shares@ US$4.4813.3% of flowCommon Shares, $0.0001 par value per shareSEC:0000919574-25-003510:0
Canonical exit: 1 Sept 2025 (T+90)
3,620 shares@ US$4.491.9% of flowCommon Shares, $0.0001 par value per shareSEC:0000919574-25-003470:0
Canonical exit: 27 Aug 2025 (T+90)
11,000 shares@ US$4.549.5% of flowCommon Share $0.0001 Par ValueSEC:0001606909-25-000123:0
20,000 shares@ US$4.74541.4% of flowCommon Share $0.0001 Par ValueSEC:0001606909-25-000121:0
Canonical exit: 19 Aug 2025 (T+90)
23,547 shares@ US$4.4312.2% of flowCommon Shares, $0.0001 par value per shareSEC:0000919574-25-003347:0
Canonical exit: 18 Aug 2025 (T+90)
75,000 shares@ US$4.2938.0% of flowCommon Shares, $0.0001 par value per shareSEC:0000919574-25-003290:0
Canonical exit: 13 Aug 2025 (T+90)
7,807 shares@ US$4.103.9% of flowCommon Shares, $0.001 par value per shareSEC:0000919574-25-002446:0
Canonical exit: 8 Jul 2025 (T+90)
20,000 shares@ US$4.069.7% of flowCommon Shares, $0.001 par value per shareSEC:0000919574-25-002336:0
Canonical exit: 3 Jul 2025 (T+90)
23,077 shares@ US$5.2024.7% of flowCommon Share $0.0001 Par ValueSEC:0001606909-25-000082:0
7,500 shares@ US$5.30100.0% of flowCommon Share $0.0001 Par ValueSEC:0001606909-25-000084:0
25 of 83 declarations
About Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. is a US-based maritime logistics and transportation company listed on the Nasdaq (PANL) in the United States. Headquartered in Newport, Rhode Island, Pangaea operates around the clock from four offices in Newport, Athens, Copenhagen, and Singapore. The company serves customers that need the transportation of a broad range of dry bulk cargoes, combining ocean freight, voyage and time-charter services, supply-chain logistics, and other value-added maritime services. ([pangaeals.com](https://www.pangaeals.com/about/))
Pangaea’s franchise is built on a long-standing focus on dry bulk shipping, with a particularly strong position in ice-class tonnage. The company says it operates a fleet of roughly 45 to 60 Supramax, Panamax, and Handymax vessels, with a meaningful portion owned or partially owned. It describes itself as a leader in the high ice-class segment, controlling a majority of the world’s large dry bulk vessels with Ice-Class 1A designation. That specialization matters because it allows Pangaea to serve trade routes and cargoes that face harsher operating conditions, creating a niche competitive advantage and supporting the company’s ability to earn premium freight economics in certain markets. ([pangaeals.com](https://www.pangaeals.com/about/))
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From a business-model perspective, Pangaea is more than a conventional shipowner. Its operations include long-term contracts of affreightment, spot voyage charters, time charters, and terminal/stevedoring activities. The company’s 2024 annual report also shows port and terminal operations in Fort Lauderdale, Florida, and Baltimore, Maryland. This makes Pangaea a more integrated logistics platform than a pure-play carrier, with earnings drivers tied both to seaborne dry bulk demand and to selected port-side services. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001606909/000160690925000097/panl-20241231.htm))
Competitively, Pangaea occupies a specialist niche in a cyclical industry where rates are often benchmarked against Baltic indices for Panamax, Supramax, and Handysize vessels. Management emphasizes a combination of contract coverage, a specialized fleet, and cargo-focused execution, which has helped the company frequently outperform benchmark indices on time charter equivalent (TCE) rates. The first quarter of 2026 showed that this strategy remained effective, with average TCE still above the relevant benchmark basket. ([prnewswire.com](https://www.prnewswire.com/news-releases/pangaea-logistics-solutions-ltd-reports-financial-results-for-the-first-quarter-ended-march-31-2026-302768687.html))
Recent corporate developments have been important. In late 2024, Pangaea completed the acquisition of fifteen handy-size vessels from Strategic Shipping, meaningfully expanding scale. In September 2025, the company announced that CEO Mark Filanowski would retire effective January 1, 2026, and that COO Mads Petersen would succeed him. In the first quarter of 2026, Pangaea reported revenue of $170.6 million, adjusted EBITDA of $25.2 million, and average TCE of $15,252 per day, while maintaining a solid liquidity profile. For investors, PANL is best viewed as a specialized maritime logistics platform in the United States, with cyclical exposure to freight markets but supported by niche operational strengths and selective geographic reach. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1606909/000160690926000010/panl-20251231.htm))
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