EuroDry (NASDAQ:EDRY) Insider Stefania Karmiri Sells 400 Shares of Stock

EuroDry (NASDAQ:EDRY – Get Free Report) insider Stefania Karmiri sold 400 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $38.50, for a total transaction of $15,400.00. Following the completion of the transaction, the insider owned 850 shares of the company’s stock, valued at approximately $32,725. The trade was a 32.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EuroDry Trading Down 0.6%

Shares of NASDAQ EDRY opened at $38.16 on Thursday. EuroDry has a 1 year low of $10.18 and a 1 year high of $40.00. 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 firm has a 50-day moving average of $24.48 and a 200 day moving average of $21.12. The stock has a market cap of $110.28 million, a P/E ratio of 11.53 and a beta of 0.68.

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EuroDry (NASDAQ:EDRY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $1.21. The business had revenue of $17.70 million for the quarter, compared to analysts’ expectations of $17.86 million. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. As a group, sell-side analysts expect that EuroDry will post 5.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on EDRY. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research report on Friday, August 7th. Weiss Ratings downgraded EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Wall Street Zen raised EuroDry from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. Finally, Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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Key EuroDry News

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Higher earnings estimates: Noble Financial raised its Q3 2026 EPS forecast to $1.70 from $1.29 and increased its FY2026 estimate to $5.77 from $4.27. The revisions suggest improved expectations for EuroDry’s earnings performance and are a potential catalyst for the stock. MarketBeat EuroDry analyst estimates
• Positive Sentiment: Strong profitability highlighted: A Zacks article included EuroDry among four companies with solid net profit margins. EuroDry’s latest quarterly results also showed EPS of $2.44, well above the $1.23 consensus estimate, although revenue was slightly below expectations. Zacks article on companies with solid net profit margins
• Neutral Sentiment: Limited short positioning: Reported short interest increased 154.5% to 11,188 shares as of July 31, but that represents only 0.4% of EuroDry’s outstanding shares and about 0.1 days of average trading volume. The low absolute level limits the likely impact on the share price.
• Negative Sentiment: Insider selling: Director Aristeidis P. Pittas sold 500 shares for approximately $18,900, reducing his holdings by 0.65%. Insider Stefania Karmiri separately sold 400 shares for about $15,400, cutting her position by 32%. The transactions are relatively small, but insider sales can create some caution among investors. EuroDry insider transaction filing

Institutional Investors Weigh In On EuroDry

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

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.

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