Looking at Pangaea Logistics Solutions, Ltd.'s (NASDAQ:PANL ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Pangaea Logistics Solutions

Pangaea Logistics Solutions Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Lead Independent Director Carl Boggild bought US$120k worth of shares at a price of US$8.51 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$5.68). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Carl Boggild was the only individual insider to buy during the last year.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Pangaea Logistics Solutions Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 19% of Pangaea Logistics Solutions shares, worth about US$71m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

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

It doesn't really mean much that no insider has traded Pangaea Logistics Solutions shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Pangaea Logistics Solutions and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pangaea Logistics Solutions. Be aware that Pangaea Logistics Solutions is showing 3 warning signs in our investment analysis, and 1 of those doesn't sit too well with us...

But note: Pangaea Logistics Solutions may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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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.