Arrowstreet Capital Limited Partnership raised its holdings in shares of Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 389.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,840 shares of the shipping company's stock after purchasing an additional 42,830 shares during the period. Arrowstreet Capital Limited Partnership owned 0.77% of Euroseas worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. Barclays PLC boosted its stake in Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock valued at $30,000 after acquiring an additional 251 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Euroseas in the 3rd quarter worth $248,000. Retireful LLC bought a new position in shares of Euroseas in the 4th quarter worth $222,000. Exchange Traded Concepts LLC acquired a new position in Euroseas in the fourth quarter valued at about $306,000. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings 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 worth $413,000 after buying an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 6.27% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Euroseas in a research report on Saturday, March 22nd. They issued a "buy" rating on the stock.
Get Our Latest Report on Euroseas
Euroseas Trading Up 0.2 %
NASDAQ:ESEA traded up $0.07 on Wednesday, reaching $28.91. The company's stock had a trading volume of 2,013 shares, compared to its average volume of 38,337. The firm has a market cap of $202.52 million, a PE ratio of 1.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. The business's 50-day moving average price is $31.86 and its two-hundred day moving average price is $36.10. Euroseas Ltd. has a 1-year low of $26.30 and a 1-year high of $50.92.
Euroseas Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.65 per share. This is an increase from Euroseas's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 8.99%. The ex-dividend date of this dividend was Tuesday, March 11th. Euroseas's dividend payout ratio (DPR) is 16.10%.
About Euroseas
(
Free Report)
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.
Read More
Before you consider Euroseas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Euroseas wasn't on the list.
While Euroseas currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
