Key Points
- EuroDry insider Symeon Pariaros sold 2,676 shares on August 21 at an average price of $45.80, generating $122,560.80. The sale reduced his direct ownership by 58.48% to 1,900 shares.
- Pariaros also sold 2,700 shares on August 18 and 1,900 shares on August 12, bringing his recent disclosed sales to 7,276 shares worth approximately $311,923.
- EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 consensus estimate, while revenue of $17.70 million fell slightly short of expectations. Analyst sentiment was “Moderate Buy,” with a consensus price target of $23.50.
EuroDry (NASDAQ:EDRY - Get Free Report) insider Symeon Pariaros sold 2,676 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $45.80, for a total value of $122,560.80. Following the completion of the transaction, the insider directly owned 1,900 shares in the company, valued at approximately $87,020. The trade was a 58.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Symeon Pariaros also recently made the following trade(s):
- On Tuesday, August 18th, Symeon Pariaros sold 2,700 shares of EuroDry stock. The shares were sold at an average price of $42.00, for a total value of $113,400.00.
- On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The stock was sold at an average price of $39.98, for a total value of $75,962.00.
EuroDry Price Performance
Shares of EDRY opened at $51.73 on Tuesday. The firm has a market cap of $149.50 million, a PE ratio of 15.63 and a beta of 0.68. The firm's 50 day moving average price is $27.71 and its 200 day moving average price is $22.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.28. EuroDry has a twelve month low of $10.51 and a twelve month high of $52.63.
EuroDry (NASDAQ:EDRY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.23 by $1.21. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. The company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. As a group, research analysts expect that EuroDry will post 5.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on EDRY shares. Zacks Research raised EuroDry from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. Weiss Ratings downgraded EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, May 26th. Alliance Global Partners reaffirmed a "buy" rating on shares of EuroDry in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.
Check Out Our Latest Analysis on EDRY
Hedge Funds Weigh In On EuroDry
An institutional investor recently bought a new position in EuroDry stock. BlackRock Inc. bought a new stake in shares of EuroDry (NASDAQ:EDRY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent SEC filing. Hedge funds and other institutional investors own 2.44% of the company's stock.
EuroDry Company Profile
(
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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