Stefania Karmiri Sells 250 Shares of Euroseas (NASDAQ:ESEA) Stock

Euroseas Ltd. (NASDAQ:ESEA) insider Stefania Karmiri sold 250 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $72.00, for a total transaction of $18,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Euroseas Price Performance

NASDAQ ESEA opened at $72.18 on Monday. Euroseas Ltd. has a 12 month low of $28.22 and a 12 month high of $74.75. The firm has a market capitalization of $505.77 million, a PE ratio of 3.68 and a beta of 0.73. The company’s 50 day simple moving average is $64.87 and its 200 day simple moving average is $59.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.89 and a quick ratio of 4.82.

Euroseas (NASDAQ:ESEA) last released its earnings results on Thursday, February 26th. The shipping company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.01. The firm had revenue of $57.39 million during the quarter, compared to the consensus estimate of $57.83 million. Euroseas had a return on equity of 27.82% and a net margin of 60.11%. As a group, equities research analysts forecast that Euroseas Ltd. will post 15.15 EPS for the current fiscal year.

Euroseas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.2%. This is a positive change from Euroseas’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, March 10th. Euroseas’s payout ratio is currently 15.29%.

Analyst Ratings Changes

A number of research firms recently issued reports on ESEA. Wall Street Zen raised Euroseas from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Euroseas in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Tennessee Department of Treasury bought a new position in shares of Euroseas in the fourth quarter valued at $404,000. Millennium Management LLC boosted its stake in shares of Euroseas by 171.7% during the 4th quarter. Millennium Management LLC now owns 53,386 shares of the shipping company’s stock worth $2,915,000 after acquiring an additional 33,738 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Euroseas during the 4th quarter worth $311,000. Lazard Asset Management LLC grew its holdings in shares of Euroseas by 3.7% in the 4th quarter. Lazard Asset Management LLC now owns 35,031 shares of the shipping company’s stock worth $1,913,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Euroseas by 39.3% in the 4th quarter. Jump Financial LLC now owns 10,692 shares of the shipping company’s stock worth $584,000 after acquiring an additional 3,019 shares during the last quarter. Institutional investors own 6.27% of the company’s stock.

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.