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

EuroDry (NASDAQ:EDRY) insider Stefania Karmiri sold 400 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $38.50, for a total transaction of $15,400.00. Following the completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

EuroDry Price Performance

Shares of EuroDry stock traded up $0.70 during trading on Wednesday, hitting $39.10. The stock had a trading volume of 78,078 shares, compared to its average volume of 39,888. The firm has a market cap of $113.04 million, a price-to-earnings ratio of 11.81 and a beta of 0.68. EuroDry has a 12 month low of $10.18 and a 12 month high of $40.00. The business’s 50-day moving average is $24.17 and its 200 day moving average is $20.95. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69.

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

Analyst Ratings Changes

Several analysts have weighed in on EDRY shares. Weiss Ratings cut EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Zacks Research raised 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, Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Institutional Investors Weigh In On EuroDry

A hedge fund recently bought a new stake in EuroDry stock. BlackRock Inc. acquired a new stake in shares of EuroDry (NASDAQ:EDRY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned approximately 0.07% of EuroDry at the end of the most recent quarter. Institutional investors own 2.44% of the company’s stock.

EuroDry Company Profile

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.