Commons Capital LLC Buys New Shares in Euroseas Ltd. $ESEA

Key Points

• Commons Capital LLC acquired a new stake in Euroseas Ltd., purchasing 5,712 shares valued at approximately $255,000, bringing its ownership to 0.08% of the company.
• Euroseas recently increased its quarterly dividend from $0.65 to $0.70 per share, resulting in an annualized dividend yield of 5.0%.
• Analysts have mixed ratings for Euroseas, with a consensus rating of "Moderate Buy" and an average price target of $62.00, after recent upgrades and downgrades.

Commons Capital LLC acquired a new stake in Euroseas Ltd. (NASDAQ:ESEA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,712 shares of the shipping company's stock, valued at approximately $255,000. Commons Capital LLC owned 0.08% of Euroseas as of its most recent filing with the Securities and Exchange Commission.

Separately, Boston Partners raised its stake in Euroseas by 37.5% in the first quarter. Boston Partners now owns 17,045 shares of the shipping company's stock valued at $522,000 after buying an additional 4,647 shares in the last quarter. 6.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ESEA has been the subject of several recent analyst reports. Wall Street Zen upgraded Euroseas from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Zacks Research downgraded shares of Euroseas from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Maxim Group upped their target price on shares of Euroseas from $57.00 to $62.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Euroseas in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Euroseas presently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

Euroseas Stock Performance

Shares of ESEA opened at $55.55 on Friday. The company has a current ratio of 3.21, a quick ratio of 3.15 and a debt-to-equity ratio of 0.51. The firm has a market cap of $389.41 million, a PE ratio of 3.26 and a beta of 0.91. The company's 50 day simple moving average is $60.05 and its 200-day simple moving average is $47.11. Euroseas Ltd. has a 12-month low of $26.30 and a 12-month high of $66.00.

Euroseas (NASDAQ:ESEA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The shipping company reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.33. Euroseas had a net margin of 53.75% and a return on equity of 28.56%. The company had revenue of $57.23 million for the quarter, compared to the consensus estimate of $53.31 million. As a group, equities analysts predict that Euroseas Ltd. will post 15.15 EPS for the current year.

Euroseas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 9th were issued a dividend of $0.70 per share. This is an increase from Euroseas's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Euroseas's dividend payout ratio is 16.45%.

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.

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