Insider Selling: Euroseas (NASDAQ:ESEA) Insider Sells $75,050.00 in Stock

Key Points

• Euroseas insider Symeon Pariaros sold 950 shares at $79 each, generating $75,050 and reducing his position by 33.33% to 1,900 shares.
• Euroseas reported quarterly EPS of $4.70, beating estimates by $0.61, while revenue reached $56.5 million. The company also declared a quarterly dividend of $0.80 per share, representing a 4.2% annualized yield.
• Analyst sentiment remains cautious, with one Buy and two Hold ratings producing a consensus rating of Hold; institutional ownership stands at 6.27%.

Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) insider Symeon Pariaros sold 950 shares of the stock in a transaction 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 transaction, 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 document filed with the SEC, which can be accessed through this link.

Euroseas Trading Up 0.5%

Shares of ESEA opened at $77.10 on Thursday. Euroseas Ltd. has a fifty-two week low of $51.00 and a fifty-two week high of $79.67. The business has a 50-day moving average of $73.23 and a 200 day moving average of $69.35. The firm has a market cap of $544.33 million, a P/E ratio of 3.97 and a beta of 0.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.38 and a current ratio of 5.46.

Euroseas (NASDAQ:ESEA - Get Free Report) last issued its earnings results on Thursday, August 13th. The shipping company reported $4.70 earnings per share for the quarter, topping analysts' consensus estimates of $4.09 by $0.61. The firm had revenue of $56.50 million during the quarter, compared to analyst estimates of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. As a group, research analysts forecast that Euroseas Ltd. will post 18.03 EPS for the current year.

Euroseas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, September 9th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Euroseas's dividend payout ratio is currently 16.47%.

Institutional Investors Weigh In On Euroseas

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Euroseas during the 4th quarter valued at $34,000. Bank of America Corp DE grew its position in Euroseas by 387.8% in the second quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company's stock worth $50,000 after acquiring an additional 888 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Euroseas by 540.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company's stock worth $76,000 after acquiring an additional 1,080 shares in the last quarter. Quarry LP bought a new position in Euroseas in the third quarter valued at $89,000. Finally, Magnetar Financial LLC bought a new position in Euroseas in the fourth quarter valued at $204,000. 6.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ESEA has been the subject of several recent research reports. Weiss Ratings upgraded Euroseas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 14th. Zacks Research downgraded Euroseas from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Euroseas from a "hold" rating to a "buy" rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

About Euroseas

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source