Key Points
- Director Georgios Feidakis bought shares repeatedly from March 19–24, acquiring about 80,032 shares (~$141k) in total and increasing his stake to 5,916,880 shares (valued at ≈$10.35M), a 0.13% position increase.
- Globus Maritime beat analysts' estimates for the quarter—$0.05 EPS versus -$0.09 expected and $13.45M revenue versus $11.6M expected—but still shows negative return on equity and net margin, with a MarketBeat consensus rating of Hold and a $3.00 price target.
Globus Maritime Limited (NASDAQ:GLBS - Get Free Report) Director Georgios Feidakis purchased 7,536 shares of the business's stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $1.75 per share, for a total transaction of $13,188.00. Following the purchase, the director owned 5,916,880 shares of the company's stock, valued at approximately $10,354,540. This represents a 0.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Georgios Feidakis also recently made the following trade(s):
- On Tuesday, March 24th, Georgios Feidakis acquired 38,947 shares of Globus Maritime stock. The shares were bought at an average cost of $1.79 per share, with a total value of $69,715.13.
- On Friday, March 20th, Georgios Feidakis acquired 22,542 shares of Globus Maritime stock. The shares were bought at an average price of $1.74 per share, for a total transaction of $39,223.08.
- On Thursday, March 19th, Georgios Feidakis acquired 11,007 shares of Globus Maritime stock. The shares were bought at an average price of $1.75 per share, for a total transaction of $19,262.25.
Globus Maritime Stock Performance
GLBS opened at $1.80 on Thursday. The stock has a market capitalization of $38.84 million, a P/E ratio of -25.71 and a beta of 0.48. The company has a current ratio of 2.74, a quick ratio of 2.54 and a debt-to-equity ratio of 0.58. Globus Maritime Limited has a 12 month low of $0.99 and a 12 month high of $2.23. The firm's fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.49.
Globus Maritime (NASDAQ:GLBS - Get Free Report) last released its earnings results on Monday, March 16th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.14. Globus Maritime had a negative return on equity of 1.00% and a negative net margin of 3.95%.The firm had revenue of $13.45 million during the quarter, compared to analysts' expectations of $11.60 million.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Globus Maritime in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Globus Maritime currently has a consensus rating of "Hold" and a consensus price target of $3.00.
Read Our Latest Report on Globus Maritime
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GLBS. Renaissance Technologies LLC bought a new position in Globus Maritime in the fourth quarter valued at approximately $127,000. Jane Street Group LLC bought a new stake in shares of Globus Maritime during the 4th quarter worth approximately $58,000. Finally, XTX Topco Ltd raised its stake in shares of Globus Maritime by 64.6% during the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company's stock worth $37,000 after purchasing an additional 8,327 shares in the last quarter. 31.60% of the stock is owned by institutional investors and hedge funds.
Globus Maritime Company Profile
(
Get Free Report)
Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.
After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.
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