Millennium Management LLC Buys 35,555 Shares of Euroseas Ltd. (NASDAQ:ESEA)

Millennium Management LLC boosted its position in Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 661.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,931 shares of the shipping company's stock after purchasing an additional 35,555 shares during the quarter. Millennium Management LLC owned about 0.58% of Euroseas worth $1,482,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ESEA. Bank of America Corp DE raised its holdings in Euroseas by 1,611.0% in the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock valued at $68,000 after acquiring an additional 1,756 shares in the last quarter. Mariner LLC acquired a new position in Euroseas in the 4th quarter valued at $306,000. Cubist Systematic Strategies LLC raised its holdings in Euroseas by 4.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,813 shares of the shipping company's stock valued at $391,000 after acquiring an additional 471 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in Euroseas by 46.1% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock valued at $413,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Euroseas by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 30,165 shares of the shipping company's stock valued at $1,091,000 after acquiring an additional 7,127 shares in the last quarter. 6.27% of the stock is currently owned by institutional investors.

Euroseas Price Performance

Shares of Euroseas stock traded up $0.27 during trading on Friday, reaching $40.85. 14,279 shares of the company's stock were exchanged, compared to its average volume of 37,126. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. Euroseas Ltd. has a 1-year low of $26.30 and a 1-year high of $50.92. The company has a market cap of $286.36 million, a P/E ratio of 2.52 and a beta of 0.78. The firm's 50-day moving average price is $33.73 and its 200 day moving average price is $34.13.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on Euroseas in a report on Tuesday, May 20th. They set a "hold" rating for the company.

Euroseas 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.