Symeon Pariaros Sells 950 Shares of Euroseas (NASDAQ:ESEA) Stock

Euroseas Ltd. (NASDAQ:ESEA) insider Symeon Pariaros sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $79.00, for a total value of $75,050.00. Following the sale, the insider owned 1,900 shares of the company’s stock, valued at approximately $150,100. This represents a 33.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Euroseas Price Performance

Shares of NASDAQ ESEA opened at $76.35 on Friday. The firm has a market cap of $539.03 million, a P/E ratio of 3.93 and a beta of 0.41. The company has a current ratio of 5.46, a quick ratio of 5.38 and a debt-to-equity ratio of 0.36. Euroseas Ltd. has a 1-year low of $51.00 and a 1-year high of $79.67. The business’s 50 day moving average is $73.62 and its 200-day moving average is $69.54.

Euroseas (NASDAQ:ESEA) last released its quarterly earnings results on Thursday, August 13th. The shipping company reported $4.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.09 by $0.61. Euroseas had a return on equity of 26.58% and a net margin of 59.98%.The business had revenue of $56.50 million during the quarter, compared to the consensus estimate of $55.98 million. Equities research analysts predict that Euroseas Ltd. will post 18.03 earnings per share for the current year.

Euroseas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 9th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. Euroseas’s dividend payout ratio is currently 16.47%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ESEA. Wall Street Zen raised Euroseas from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Weiss Ratings raised Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, Zacks Research cut Euroseas from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Euroseas presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new position in shares of Euroseas in the 1st quarter valued at $1,591,000. Navellier & Associates Inc. lifted its position in shares of Euroseas by 94.8% during the 2nd quarter. Navellier & Associates Inc. now owns 15,562 shares of the shipping company’s stock worth $1,033,000 after buying an additional 7,575 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Euroseas in the fourth quarter valued at about $204,000. Quarry LP acquired a new stake in Euroseas in the third quarter valued at about $89,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Euroseas by 540.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock valued at $76,000 after acquiring an additional 1,080 shares during the last quarter. 6.27% of the stock is owned by institutional investors.

Euroseas Company Profile

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.