Globus Maritime (NASDAQ:GLBS) Director Purchases $287,280.00 in Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 106,400 shares of Globus Maritime stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $2.70 per share, for a total transaction of $287,280.00. Following the completion of the acquisition, the director owned 6,463,867 shares in the company, valued at $17,452,440.90. This represents a 1.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, July 13th, Georgios Feidakis purchased 114,766 shares of Globus Maritime stock. The stock was bought at an average cost of $2.75 per share, with a total value of $315,606.50.

Globus Maritime Stock Down 4.5%

GLBS stock opened at $2.73 on Friday. Globus Maritime Limited has a 52 week low of $1.00 and a 52 week high of $3.24. The business has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.08. The company has a quick ratio of 2.45, a current ratio of 2.65 and a debt-to-equity ratio of 0.56. The company has a market cap of $58.91 million, a PE ratio of 54.61 and a beta of 0.26.

Globus Maritime (NASDAQ:GLBS) last announced its quarterly earnings data on Thursday, June 11th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.10. Globus Maritime had a net margin of 1.72% and a return on equity of 0.47%. The firm had revenue of $12.25 million for the quarter, compared to the consensus estimate of $10.40 million.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Maxim Group increased their price target on shares of Globus Maritime from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GLBS. Renaissance Technologies LLC acquired a new stake in shares of Globus Maritime in the 4th quarter valued at approximately $127,000. Jane Street Group LLC bought a new stake in shares of Globus Maritime during the 4th quarter valued at approximately $58,000. NewEdge Advisors LLC acquired a new position in Globus Maritime during the 1st quarter worth approximately $37,000. Finally, XTX Topco Ltd increased its position in 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. Institutional investors own 31.60% of the company’s stock.

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.