Key Points
- Director Panagiotis Kyriakopoulos sold 1,400 Euroseas shares at an average price of $66.60, for $93,240. Following the transaction, his direct ownership fell 9.66% to 13,100 shares.
- Euroseas reported quarterly EPS of $4.70, beating estimates by $0.61, while revenue of $56.50 million also exceeded expectations. The company pays a quarterly dividend of $0.80, equivalent to a 4.8% annualized yield.
- Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and a $93 price target; institutional investors own 6.27% of the stock.
Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) Director Panagiotis Kyriakopoulos sold 1,400 shares of Euroseas stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $66.60, for a total value of $93,240.00. Following the completion of the sale, the director directly owned 13,100 shares in the company, valued at $872,460. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Euroseas Trading Up 0.0%
NASDAQ:ESEA opened at $66.19 on Wednesday. Euroseas Ltd. has a 12 month low of $51.00 and a 12 month high of $79.67. The business's 50-day moving average is $72.54 and its 200 day moving average is $68.07.
Euroseas (NASDAQ:ESEA - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The shipping company reported $4.70 EPS for the quarter, beating analysts' consensus estimates of $4.09 by $0.61. The firm had revenue of $56.50 million for the quarter, compared to the consensus estimate of $55.98 million. On average, equities analysts predict that Euroseas Ltd. will post 15.87 earnings per share for the current fiscal year.
Euroseas Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 4.8%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ESEA. Weiss Ratings upgraded Euroseas from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, October 16th. Zacks Research lowered shares of Euroseas from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 21st. Finally, Freedom Broker initiated coverage on shares of Euroseas in a research report on Tuesday, September 29th. They issued a "buy" rating and a $93.00 price target on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $93.00.
Read Our Latest Analysis on ESEA
Institutional Trading of Euroseas
Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Euroseas by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 100,765 shares of the shipping company's stock valued at $6,736,000 after buying an additional 4,087 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Euroseas in the 1st quarter valued at about $1,591,000. Navellier & Associates Inc. lifted its holdings in shares of Euroseas by 94.8% in the 2nd quarter. Navellier & Associates Inc. now owns 15,562 shares of the shipping company's stock valued at $1,033,000 after acquiring an additional 7,575 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Euroseas by 33.1% in the 2nd quarter. WINTON GROUP Ltd now owns 8,036 shares of the shipping company's stock valued at $533,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Euroseas in the second quarter worth about $423,000. 6.27% of the stock is currently owned by institutional investors.
Euroseas Company Profile
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Get Free Report)
Euroseas Ltd. (NASDAQ:ESEA) is a shipping company that owns and operates containerships serving the international container transportation market. Its fleet is focused primarily on feeder and intermediate-size vessels, which transport containers between regional ports and connect smaller markets with major global shipping hubs.
The company generates revenue through time charters, voyage charters and other commercial arrangements for its vessels. Euroseas' services support the movement of manufactured goods, consumer products, raw materials and other containerized cargo across international trade routes.
Euroseas is headquartered in Athens, Greece, and serves customers and markets worldwide through its internationally deployed fleet.
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