Globus Maritime (NASDAQ:GLBS) Director Georgios Feidakis Buys 114,766 Shares

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 114,766 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $2.75 per share, with a total value of $315,606.50. Following the completion of the purchase, the director directly owned 6,578,633 shares in the company, valued at $18,091,240.75. This represents a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 18th, Georgios Feidakis bought 106,400 shares of Globus Maritime stock. The shares were purchased at an average price of $2.70 per share, for a total transaction of $287,280.00.

Globus Maritime Stock Down 1.4%

GLBS opened at $2.73 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.45 and a current ratio of 2.65. The company has a market cap of $58.91 million, a price-to-earnings ratio of 54.61 and a beta of 0.26. Globus Maritime Limited has a one year low of $1.00 and a one year high of $3.24. The business’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.06.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in shares of Globus Maritime during the 1st quarter worth about $37,000. XTX Topco Ltd lifted its stake in shares of Globus Maritime by 64.6% during the fourth quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock valued at $37,000 after buying an additional 8,327 shares during the period. Jane Street Group LLC acquired a new stake in Globus Maritime during the fourth quarter worth approximately $58,000. Finally, Renaissance Technologies LLC acquired a new stake in Globus Maritime during the fourth quarter worth approximately $127,000. Institutional investors and hedge funds 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.