Key Points
- Insider sale: Director Stefania Karmiri sold 250 shares on April 16 at an average price of $72.00, totaling $18,000, as disclosed in an SEC filing.
- Dividend increase: Euroseas raised its quarterly dividend to $0.75 (annualized $3.00), implying a yield of about 4.3% and a dividend payout ratio near 15.3%.
- Operational and market snapshot: the company reported quarterly EPS of $4.48 with a 60.1% net margin and 27.8% ROE; the stock trades near $70 with a PE of 3.59 and a market cap of ~$494M, and analysts hold a consensus of "Moderate Buy" (average price target $62).
Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) insider Stefania Karmiri sold 250 shares of the business's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $72.00, for a total transaction of $18,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Euroseas Price Performance
Shares of Euroseas stock opened at $70.48 on Tuesday. The company has a current ratio of 4.89, a quick ratio of 4.82 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $65.21 and its two-hundred day moving average price is $59.60. Euroseas Ltd. has a 52 week low of $28.22 and a 52 week high of $74.75. The stock has a market cap of $494.06 million, a PE ratio of 3.59 and a beta of 0.73.
Euroseas (NASDAQ:ESEA - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The shipping company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.01. The firm had revenue of $57.39 million for the quarter, compared to analyst estimates of $57.83 million. Euroseas had a net margin of 60.11% and a return on equity of 27.82%. As a group, sell-side analysts anticipate that Euroseas Ltd. will post 17.52 EPS for the current fiscal year.
Euroseas Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.3%. This is a positive change from Euroseas's previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 10th. Euroseas's dividend payout ratio (DPR) is presently 15.29%.
Institutional Investors Weigh In On Euroseas
Several hedge funds have recently made changes to their positions in the company. Commons Capital LLC purchased a new position in Euroseas during the 4th quarter worth approximately $563,000. Inspire Advisors LLC purchased a new position in Euroseas during the 3rd quarter worth approximately $219,000. Blue Bell Private Wealth Management LLC purchased a new position in Euroseas during the 3rd quarter worth approximately $205,000. Susquehanna International Group LLP purchased a new position in Euroseas during the 3rd quarter worth approximately $253,000. Finally, Geode Capital Management LLC purchased a new position in Euroseas during the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 6.27% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on ESEA shares. Weiss Ratings restated a "buy (b-)" rating on shares of Euroseas in a research report on Monday, December 29th. Alliance Global Partners reiterated a "buy" rating on shares of Euroseas in a research report on Monday. Finally, Wall Street Zen upgraded Euroseas from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Euroseas has a consensus rating of "Moderate Buy" and an average price target of $62.00.
View Our Latest Stock Analysis on ESEA
Euroseas Company Profile
(
Get Free Report)
Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.
Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
