Renaissance Technologies LLC Buys 16,700 Shares of Euroseas Ltd. (NASDAQ:ESEA)

Renaissance Technologies LLC lifted its holdings in Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,078 shares of the shipping company's stock after purchasing an additional 16,700 shares during the quarter. Renaissance Technologies LLC owned 1.64% of Euroseas worth $4,166,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ESEA. Barclays PLC lifted its position in Euroseas by 67.5% during the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock valued at $30,000 after purchasing an additional 251 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Euroseas in the 3rd quarter valued at about $248,000. Retireful LLC purchased a new position in Euroseas in the fourth quarter worth about $222,000. Exchange Traded Concepts LLC bought a new stake in Euroseas during the fourth quarter worth approximately $306,000. Finally, Sheaff Brock Investment Advisors LLC raised its position in Euroseas by 46.1% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock valued at $413,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 6.27% of the company's stock.

Euroseas Trading Up 0.8 %

Shares of Euroseas stock traded up $0.25 during trading on Friday, hitting $31.13. The stock had a trading volume of 22,333 shares, compared to its average volume of 38,486. The stock has a market cap of $218.10 million, a PE ratio of 1.92 and a beta of 0.66. Euroseas Ltd. has a 12 month low of $26.30 and a 12 month high of $50.92. The firm's fifty day simple moving average is $31.17 and its 200-day simple moving average is $35.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59.

Euroseas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.65 per share. This is a boost from Euroseas's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, March 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 8.35%. Euroseas's dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Euroseas in a report on Saturday, March 22nd. They issued a "buy" rating for the company.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.