Inspire Investing LLC Purchases Shares of 23,805 Euroseas Ltd. $ESEA

Inspire Investing LLC acquired a new position in Euroseas Ltd. (NASDAQ:ESEA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,805 shares of the shipping company’s stock, valued at approximately $1,591,000. Inspire Investing LLC owned approximately 0.34% of Euroseas at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State of Tennessee Department of Treasury purchased a new position in shares of Euroseas during the 4th quarter valued at approximately $404,000. Millennium Management LLC grew its position in Euroseas by 171.7% during the fourth quarter. Millennium Management LLC now owns 53,386 shares of the shipping company’s stock valued at $2,915,000 after buying an additional 33,738 shares during the period. Engineers Gate Manager LP acquired a new stake in Euroseas during the fourth quarter valued at $311,000. Lazard Asset Management LLC increased its holdings in Euroseas by 3.7% in the fourth quarter. Lazard Asset Management LLC now owns 35,031 shares of the shipping company’s stock valued at $1,913,000 after buying an additional 1,262 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in Euroseas by 39.3% in the fourth quarter. Jump Financial LLC now owns 10,692 shares of the shipping company’s stock valued at $584,000 after buying an additional 3,019 shares in the last quarter. Institutional investors and hedge funds own 6.27% of the company’s stock.

Wall Street Analysts Forecast Growth

ESEA has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Euroseas from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Alliance Global Partners restated a “buy” rating on shares of Euroseas in a research report on Monday, April 20th. Finally, Weiss Ratings lowered Euroseas from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Euroseas Stock Up 0.1%

Shares of ESEA opened at $66.43 on Thursday. The stock has a 50 day moving average price of $68.57 and a 200 day moving average price of $63.30. Euroseas Ltd. has a one year low of $45.79 and a one year high of $78.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.38 and a current ratio of 5.46. The stock has a market capitalization of $469.00 million, a price-to-earnings ratio of 3.50 and a beta of 0.45.

Euroseas (NASDAQ:ESEA) last announced its earnings results on Thursday, May 21st. The shipping company reported $4.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.44. The company had revenue of $55.84 million for the quarter, compared to analysts’ expectations of $56.61 million. Euroseas had a net margin of 58.31% and a return on equity of 27.55%. Equities research analysts forecast that Euroseas Ltd. will post 18.1 earnings per share for the current fiscal year.

Euroseas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 9th were paid a $0.80 dividend. This is a positive change from Euroseas’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.20 dividend on an annualized basis and a yield of 4.8%. Euroseas’s dividend payout ratio is 16.86%.

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.