EuroDry (NASDAQ:EDRY) Director Aristeidis Pittas Acquires 500 Shares of Stock

Posted by Brian Himes on Jun 24th, 2026

EuroDry (NASDAQ:EDRY – Get Free Report) Director Aristeidis Pittas bought 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average price of $22.00 per share, for a total transaction of $11,000.00. Following the purchase, the director owned 77,667 shares in the company, valued at $1,708,674. This represents a 0.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

EuroDry Trading Up 15.0%

Shares of EuroDry stock opened at $23.18 on Wednesday. The company has a market capitalization of $66.99 million, a P/E ratio of -178.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.55 and a current ratio of 1.61. The company has a fifty day moving average of $21.94 and a 200 day moving average of $18.10. EuroDry has a fifty-two week low of $8.95 and a fifty-two week high of $28.00.

EuroDry (NASDAQ:EDRY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.30). EuroDry had a negative return on equity of 0.88% and a negative net margin of 0.55%.The business had revenue of $12.79 million during the quarter, compared to analysts’ expectations of $15.62 million. On average, sell-side analysts anticipate that EuroDry will post 3.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in EuroDry stock. Renaissance Technologies LLC increased its position in EuroDry (NASDAQ:EDRY – Free Report) by 53.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,347 shares of the company’s stock after buying an additional 21,047 shares during the period. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 at the end of the most recent quarter. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on EDRY shares. Wall Street Zen raised EuroDry from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. Weiss Ratings lowered shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Finally, Zacks Research cut shares of EuroDry from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.50.

Get Our Latest Stock Report on EDRY

About EuroDry

(Get Free Report)

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.