Marshall Wace LLP Grows Stock Position in Euroseas Ltd. (NASDAQ:ESEA)

Marshall Wace LLP grew its holdings in Euroseas Ltd. (NASDAQ:ESEA - Free Report) by 71.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,703 shares of the shipping company's stock after purchasing an additional 16,969 shares during the quarter. Marshall Wace LLP owned approximately 0.58% of Euroseas worth $1,473,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC raised its stake in Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock worth $30,000 after buying an additional 251 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Euroseas in the 3rd quarter valued at $248,000. Retireful LLC bought a new position in shares of Euroseas in the 4th quarter worth $222,000. Exchange Traded Concepts LLC purchased a new stake in shares of Euroseas during the 4th quarter worth $306,000. Finally, Mariner LLC bought a new stake in Euroseas during the fourth quarter valued at about $306,000. Hedge funds and other institutional investors own 6.27% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Euroseas in a report on Saturday, March 22nd. They issued a "buy" rating for the company.

Euroseas Stock Up 0.7 %

Shares of ESEA traded up $0.23 during midday trading on Friday, hitting $32.34. 12,086 shares of the company's stock traded hands, compared to its average volume of 38,400. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $226.57 million, a price-to-earnings ratio of 1.99 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 firm's fifty day moving average is $30.99 and its 200-day moving average is $34.70.

Euroseas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.65 per share. This is a positive change from Euroseas's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, March 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 8.04%. Euroseas's payout ratio is presently 16.10%.

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.