Georgios Feidakis Acquires 114,766 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 114,766 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $315,606.50. Following the transaction, the director directly owned 6,578,633 shares of the company’s stock, valued at $18,091,240.75. The trade was a 1.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Georgios Feidakis also recently made the following trade(s):

• On Thursday, June 18th, Georgios Feidakis purchased 106,400 shares of Globus Maritime stock. The shares were purchased at an average cost of $2.70 per share, with a total value of $287,280.00.

Globus Maritime Stock Performance

GLBS opened at $2.86 on Thursday. The business has a fifty day simple moving average of $2.46 and a 200 day simple moving average of $2.07. The company has a market capitalization of $61.72 million, a PE ratio of 57.21 and a beta of 0.26. Globus Maritime Limited has a 1 year low of $1.00 and a 1 year high of $3.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.65 and a quick ratio of 2.45.

Globus Maritime (NASDAQ:GLBS) last posted its quarterly earnings data on Thursday, June 11th. The shipping company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.10. Globus Maritime had a return on equity of 0.47% and a net margin of 1.72%.The firm had revenue of $12.25 million for the quarter, compared to analysts’ expectations of $10.40 million.

Analyst Upgrades and Downgrades

GLBS has been the subject of several analyst reports. Maxim Group lifted their price objective on shares of Globus Maritime from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Institutional Investors Weigh In On Globus Maritime

A number of large investors have recently bought and sold shares of GLBS. XTX Topco Ltd raised its position in shares of Globus Maritime by 64.6% in the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock valued at $37,000 after buying an additional 8,327 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Globus Maritime during the 4th quarter worth approximately $58,000. Renaissance Technologies LLC acquired a new stake in shares of Globus Maritime during the 4th quarter worth approximately $127,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Globus Maritime during the 1st quarter worth approximately $37,000. 31.60% of the stock is currently owned by institutional investors and hedge funds.

About Globus Maritime

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.