Globus Maritime (NASDAQ:GLBS) Director Buys $13,188.00 in Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 7,536 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of $1.75 per share, with a total value of $13,188.00. Following the completion of the purchase, the director owned 5,916,880 shares in the company, valued at approximately $10,354,540. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Georgios Feidakis also recently made the following trade(s):

• On Tuesday, March 24th, Georgios Feidakis purchased 38,947 shares of Globus Maritime stock. The stock was acquired at an average price of $1.79 per share, for a total transaction of $69,715.13.
• On Friday, March 20th, Georgios Feidakis purchased 22,542 shares of Globus Maritime stock. The stock was acquired 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 acquired at an average cost of $1.75 per share, for a total transaction of $19,262.25.

Globus Maritime Stock Performance

NASDAQ:GLBS remained flat at $1.80 during trading hours on Wednesday. The company’s stock had a trading volume of 23,967 shares, compared to its average volume of 63,479. Globus Maritime Limited has a 1 year low of $0.99 and a 1 year high of $2.23. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 2.54. The company has a 50-day moving average price of $1.76 and a 200-day moving average price of $1.49. The firm has a market capitalization of $38.84 million, a P/E ratio of -25.71 and a beta of 0.48.

Globus Maritime (NASDAQ:GLBS) last issued its earnings results on Monday, March 16th. The shipping company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.14. Globus Maritime had a negative net margin of 3.95% and a negative return on equity of 1.00%. The company had revenue of $13.45 million for the quarter, compared to analyst estimates of $11.60 million.

Hedge Funds Weigh In On Globus Maritime

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in Globus Maritime during the fourth quarter worth $127,000. Jane Street Group LLC acquired a new stake in Globus Maritime in the fourth quarter valued at $58,000. Finally, XTX Topco Ltd grew its holdings in Globus Maritime by 64.6% in the fourth quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 8,327 shares during the last quarter. 31.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Globus Maritime presently has a consensus rating of “Hold” and a consensus target price of $3.00.

About Globus Maritime

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.