8,460 Shares in Euroseas Ltd. (NASDAQ:ESEA) Acquired by Mariner LLC

Mariner LLC bought a new stake in Euroseas Ltd. (NASDAQ:ESEA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,460 shares of the shipping company's stock, valued at approximately $306,000. Mariner LLC owned approximately 0.12% of Euroseas as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ESEA. Barclays PLC raised its stake in shares of 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 acquiring an additional 251 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Euroseas during the 3rd quarter worth $248,000. Retireful LLC bought a new stake in Euroseas in the fourth quarter valued at approximately $222,000. Exchange Traded Concepts LLC bought a new position in Euroseas in the 4th quarter worth $306,000. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Euroseas by 46.1% during 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 during the period. 6.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Euroseas in a research note on Saturday, March 22nd. They set a "buy" rating for the company.

Euroseas Price Performance

ESEA stock traded up $0.45 during trading on Thursday, reaching $35.23. The company's stock had a trading volume of 14,070 shares, compared to its average volume of 38,262. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $246.96 million, a P/E ratio of 2.17 and a beta of 0.75. Euroseas Ltd. has a 1 year low of $26.30 and a 1 year high of $50.92. The company's fifty day moving average is $31.00 and its 200-day moving average is $34.64.

Euroseas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.65 per share. This is an increase from Euroseas's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.60 dividend on an annualized basis and a yield of 7.38%. Euroseas's dividend payout ratio (DPR) is 16.10%.

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.