Can Pangaea Logistics Solutions Ltd. (PANL)’s Tomorrow be Different? The Stock Formed a Bearish Multiple Bottom Chart Pattern

February 15, 2018 - By Vivian Currie

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.07, from 1.2 in 2017Q2. It is positive, 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.
Aperio Group Inc Limited Co has invested 0.01% in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). 6 are owned by Qs. Asset One Limited reported 0% of its portfolio in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). Cookson Peirce Communications has invested 0.03% in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL). Macquarie Group accumulated 76,868 shares. Principal Fin Gp, Iowa-based fund reported 10,251 shares. Agf Investments reported 0.08% stake. State Of New Jersey Common Pension Fund D reported 0.05% stake. Light Street Cap Mgmt Limited Liability Co holds 2.42% or 230,000 shares. Nomura Holdings holds 0% or 2,971 shares. Schwab Charles Investment Mngmt reported 172,874 shares. Polar Cap Ltd Liability Partnership invested in 0.53% or 365,142 shares. Cls Lc holds 0% or 250 shares. 3,137 were reported by Metropolitan Life. Endurance Wealth Mngmt Inc stated it has 162,413 shares or 3.47% of all its holdings.

Since August 31, 2017, it had 0 buys, and 2 insider sales for $16.78 million activity. Another trade for 50,240 shares valued at $6.78M was made by ROSENBLATT SIDNEY D on Thursday, August 31.

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 EPS 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: Prnewswire.com which released: “Pangaea Logistics Solutions Ltd. Form S-3 Filing Goes Effective; Key …” on February 13, 2018, also Prnewswire.com with their article: “Pangaea Logistics Solutions Ltd. Announces Unregistered Common Share Offering” published on June 14, 2017, Prnewswire.com published: “Pangaea Logistics Files Shelf Registration” on January 08, 2018. More interesting news about Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) were released by: Seekingalpha.com and their article: “Pangaea Logistics Solutions Ltd.: A Unique And Misunderstood Business” published on June 27, 2017 as well as Prnewswire.com‘s news article titled: “Pangaea Logistics Solutions Ltd. CEO Ed Coll Discusses Common Share Issuance …” with publication date: June 19, 2017.

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