We wouldn't blame Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) shareholders if they were a little worried about the fact that Eric Rosenfeld, the Independent Director recently netted about US$837k selling shares at an average price of US$8.37. That's a big disposal, and it decreased their holding size by 16%, which is notable but not too bad.

Pangaea Logistics Solutions Insider Transactions Over The Last Year

Notably, that recent sale by Eric Rosenfeld is the biggest insider sale of Pangaea Logistics Solutions shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$7.68. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

All up, insiders sold more shares in Pangaea Logistics Solutions than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Pangaea Logistics Solutions better if I see some big insider buys.

Does Pangaea Logistics Solutions Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Pangaea Logistics Solutions insiders own about US$145m worth of shares (which is 27% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Pangaea Logistics Solutions Insiders?

Insiders haven't bought Pangaea Logistics Solutions stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Pangaea Logistics Solutions makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Pangaea Logistics Solutions is showing 3 warning signs in our investment analysis, and 1 of those is a bit concerning...

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.