Key Points
- Insider sale: Symeon Pariaros sold 1,900 EuroDry shares at an average price of $39.98, receiving $75,962 and reducing his direct ownership by 20.71% to 7,276 shares.
- Strong quarterly results: EuroDry reported adjusted earnings of $2.44 per share, beating the $1.23 consensus estimate by $1.21. Revenue was $17.70 million, near expectations, and analysts project full-year EPS of $5.77.
- Shares near 52-week highs amid mixed signals: EuroDry opened at $38.64 and recently traded close to its $40.00 yearly high, while its $23.50 average analyst price target remains well below the market price. The stock carries a Moderate Buy consensus, despite recent insider selling.
EuroDry (NASDAQ:EDRY - Get Free Report) insider Symeon Pariaros sold 1,900 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $39.98, for a total value of $75,962.00. Following the completion of the transaction, the insider directly owned 7,276 shares in the company, valued at $290,894.48. The trade was a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
EuroDry Price Performance
Shares of NASDAQ EDRY opened at $38.64 on Friday. The firm has a market cap of $111.67 million, a P/E ratio of 11.67 and a beta of 0.68. The business's 50 day moving average is $24.81 and its 200-day moving average is $21.30. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. EuroDry has a 1-year low of $10.18 and a 1-year high of $40.00.
EuroDry (NASDAQ:EDRY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $1.21. EuroDry had a return on equity of 8.77% and a net margin of 15.02%.The business had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. Equities research analysts predict that EuroDry will post 5.77 earnings per share for the current year.
Key EuroDry News
Here are the key news stories impacting EuroDry this week:
- Positive Sentiment: Raised earnings outlook: Noble Financial reportedly increased its Q3 2026 EPS forecast to $1.70 from $1.29 and its full-year forecast to $5.77 from $4.27. Higher estimates reinforce the bullish earnings narrative for EuroDry. Noble Financial EuroDry earnings forecast
- Positive Sentiment: Significant quarterly earnings beat: EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 analyst consensus by $1.21. Net margin was 15.02%, while revenue of $17.70 million was broadly close to the $17.86 million estimate. The results help explain the stock’s recent strength.
- Positive Sentiment: Generally favorable analyst stance: Alliance Global Partners reiterated a Buy rating, while Zacks Research and Wall Street Zen have issued Strong Buy upgrades. BlackRock also initiated a small position of 2,135 shares, providing modest institutional validation.
- Neutral Sentiment: Mixed valuation signals: MarketBeat reports a Moderate Buy consensus, but the average price target of $23.50 is substantially below the stock’s recent trading level near $38–$40. This may indicate that the recent rally has outpaced existing analyst targets.
- Negative Sentiment: Cluster of insider selling: Corporate Secretary Stefania Karmiri sold 400 shares for $15,400, Director Aristeidis P. Pittas sold 500 shares for $18,900, and insider Symeon Pariaros sold 1,900 shares for $75,962. Karmiri reduced her holdings by 32%, while Pariaros cut his position by 20.71%. Although the sales are relatively small, the concentration of selling near the stock’s highs may create investor caution. EuroDry insider sales report
Institutional Investors Weigh In On EuroDry
An institutional investor recently raised its stake in EuroDry stock. Renaissance Technologies LLC boosted its position in shares of EuroDry (NASDAQ:EDRY - Free Report) by 53.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,347 shares of the company's stock after buying an additional 21,047 shares during the period. Renaissance Technologies LLC owned approximately 2.09% of EuroDry worth $1,189,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EDRY shares. Zacks Research raised shares of EuroDry from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. Alliance Global Partners reaffirmed a "buy" rating on shares of EuroDry in a research report on Friday, August 7th. Weiss Ratings cut shares of EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised shares of EuroDry from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, EuroDry has a consensus rating of "Moderate Buy" and an average price target of $23.50.
View Our Latest Report on EuroDry
About EuroDry
(
Get Free Report)
EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.
As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.
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