Insider Selling: Euroseas (NASDAQ:ESEA) Insider Sells 950 Shares

Euroseas Ltd. (NASDAQ:ESEA) insider Symeon Pariaros sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $79.00, for a total value of $75,050.00. Following the completion of the sale, the insider owned 1,900 shares of the company’s stock, valued at $150,100. The trade was a 33.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Euroseas Stock Up 0.5%

Shares of NASDAQ ESEA opened at $77.10 on Thursday. The stock has a market capitalization of $544.33 million, a P/E ratio of 3.97 and a beta of 0.41. Euroseas Ltd. has a one year low of $51.00 and a one year high of $79.67. The firm’s 50 day simple moving average is $73.23 and its two-hundred day simple moving average is $69.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.46 and a quick ratio of 5.38.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Thursday, August 13th. The shipping company reported $4.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.09 by $0.61. The company had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. As a group, analysts expect that Euroseas Ltd. will post 18.03 EPS for the current fiscal year.

Euroseas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Euroseas’s payout ratio is 16.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ESEA. Weiss Ratings upgraded shares of Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Zacks Research downgraded Euroseas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Euroseas from a “hold” rating to a “buy” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Euroseas

Several hedge funds and other institutional investors have recently made changes to their positions in ESEA. Bank of America Corp DE increased its position in Euroseas by 1,611.0% during the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company’s stock valued at $68,000 after buying an additional 1,756 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Euroseas in the 2nd quarter worth about $226,000. Jump Financial LLC bought a new position in Euroseas in the 2nd quarter worth about $260,000. Raymond James Financial Inc. bought a new stake in Euroseas during the 2nd quarter valued at about $870,000. Finally, Jane Street Group LLC purchased a new position in Euroseas in the second quarter worth about $259,000. Hedge funds and other institutional investors own 6.27% of the company’s stock.

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.