Symeon Pariaros Sells 2,676 Shares of EuroDry (NASDAQ:EDRY) Stock

EuroDry (NASDAQ:EDRY) insider Symeon Pariaros sold 2,676 shares of EuroDry stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $45.80, for a total value of $122,560.80. Following the transaction, the insider directly owned 1,900 shares in the company, valued at approximately $87,020. The trade was a 58.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Symeon Pariaros also recently made the following trade(s):

• On Tuesday, August 18th, Symeon Pariaros sold 2,700 shares of EuroDry stock. The shares were sold at an average price of $42.00, for a total value of $113,400.00.
• On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The stock was sold at an average price of $39.98, for a total transaction of $75,962.00.

EuroDry Price Performance

EDRY opened at $53.69 on Wednesday. EuroDry has a 1 year low of $10.62 and a 1 year high of $53.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $155.16 million, a price-to-earnings ratio of 16.22 and a beta of 0.68. The firm’s fifty day moving average price is $28.28 and its two-hundred day moving average price is $23.04.

EuroDry (NASDAQ:EDRY) last announced its earnings results on Thursday, August 6th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.23 by $1.21. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. The company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. As a group, analysts anticipate that EuroDry will post 5.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on EDRY shares. Alliance Global Partners reissued a “buy” rating on shares of EuroDry in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EuroDry in a report on Friday. Zacks Research raised EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Institutional Trading of EuroDry

A hedge fund recently raised its position in EuroDry stock. Renaissance Technologies LLC boosted its stake in EuroDry (NASDAQ:EDRY) by 53.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,347 shares of the company’s stock after acquiring an additional 21,047 shares during the period. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 as of its most recent filing with the SEC. 2.44% of the stock is owned by institutional investors and hedge funds.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.