Is Selling Pangaea Logistics Solutions Ltd. (PANL) Here a Winning Strategy? The Stock Formed Multiple Bottom Pattern

February 15, 2018 - By Winifred Garcia

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.07, from 1.2 in 2017Q2. It increased, as 30 investors sold Pangaea Logistics Solutions Ltd. shares while 85 reduced holdings. 66 funds opened positions while 80 raised stakes. 41.72 million shares or 1.56% more from 41.08 million shares in 2017Q2 were reported.
Raymond James Finance Services Advisors owns 25,846 shares. Massachusetts-based Wellington Gru Llp has invested 0% in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). Waddell & Reed has 0.71% invested in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) for 2.49M shares. Alliancebernstein L P owns 0% invested in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) for 23,778 shares. The Japan-based Asset One Commerce has invested 0% in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). Fincl Bank Of Mellon Corp holds 0.01% or 383,915 shares in its portfolio. Aperio Limited Company holds 0.01% or 10,380 shares. Hightower Advsrs Llc has 0.03% invested in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). Blackrock Inc has invested 0.01% in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). 9,606 were accumulated by Royal Bancorp Of Canada. State Street has 535,532 shares. Whittier Trust Of Nevada holds 374 shares. Stratos Wealth Prns Ltd has 0.03% invested in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) for 5,148 shares. Pacad Investment has invested 0.06% of its portfolio in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). 18,100 were reported by Amg Natl Trust Bank.

Since August 31, 2017, it had 0 insider purchases, and 2 insider sales for $16.78 million activity. Shares for $6.78 million were sold by ROSENBLATT SIDNEY D.

The stock of Pangaea Logistics Solutions Ltd. (PANL) shows a multiple bottoms pattern with $2.33 target or 8.00 % below today’s $2.53 share price. The 8 months chart pattern indicates high risk for the $110.80 million company. It was reported on Feb, 15 by Finviz.com. If the $2.33 price target is reached, the company will be worth $8.86M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 6.75% or $0.16 during the last trading session, reaching $2.53. About 52,357 shares traded or 5.71% up from the average. Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) has risen 15.45% since February 15, 2017 and is uptrending. It has underperformed by 1.25% the S&P500.

Analysts await Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) to report earnings on March, 28. PANL’s profit will be $4.38 million for 6.33 P/E if the $0.10 EPS becomes a reality. After $0.17 actual earnings per share reported by Pangaea Logistics Solutions Ltd. for the previous quarter, Wall Street now forecasts -41.18 % negative EPS growth.

More notable recent Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) news were published by: Seekingalpha.com which released: “Pangaea Logistics Solutions Ltd.: A Unique And Misunderstood Business” on June 27, 2017, also Prnewswire.com with their article: “Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter …” published on November 09, 2017, Prnewswire.com published: “Pangaea Logistics Solutions Ltd. Form S-3 Filing Goes Effective; Key …” on February 13, 2018. More interesting news about Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) were released by: Prnewswire.com and their article: “Pangaea Logistics Solutions Ltd. To Present At The Noble Capital Markets …” published on January 23, 2018 as well as Prnewswire.com‘s news article titled: “Pangaea Logistics Solutions Ltd. Announces Business Updates And Schedules …” with publication date: October 26, 2017.

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