Symeon Pariaros Sells 2,700 Shares of EuroDry (NASDAQ:EDRY) Stock

EuroDry (NASDAQ:EDRY) insider Symeon Pariaros sold 2,700 shares of EuroDry stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $42.00, for a total value of $113,400.00. Following the completion of the transaction, the insider owned 4,576 shares in the company, valued at $192,192. The trade was a 37.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The shares were sold at an average price of $39.98, for a total value of $75,962.00.

EuroDry Price Performance

Shares of NASDAQ:EDRY opened at $43.43 on Friday. The company has a market cap of $125.56 million, a price-to-earnings ratio of 13.12 and a beta of 0.68. The business has a 50 day moving average price of $26.69 and a 200 day moving average price of $22.25. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.69. EuroDry has a twelve month low of $10.51 and a twelve month high of $44.44.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of EuroDry

An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC increased its position in shares of EuroDry (NASDAQ:EDRY) by 53.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,347 shares of the company’s stock after purchasing an additional 21,047 shares during the period. Renaissance Technologies LLC owned about 2.09% of EuroDry worth $1,189,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.44% of the company’s stock.

About EuroDry

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.