Renaissance Technologies LLC Acquires 21,047 Shares of EuroDry $EDRY

Renaissance Technologies LLC grew its holdings in shares of EuroDry (NASDAQ:EDRY) by 53.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,347 shares of the company’s stock after purchasing an additional 21,047 shares during the quarter. Renaissance Technologies LLC owned approximately 2.09% of EuroDry worth $1,189,000 at the end of the most recent reporting period.

EuroDry Stock Performance

NASDAQ EDRY opened at $38.64 on Friday. The company’s 50 day moving average is $24.81 and its 200-day moving average is $21.30. EuroDry has a 12-month low of $10.18 and a 12-month high of $40.00. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market cap of $111.67 million, a P/E ratio of 11.67 and a beta of 0.68.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.23 by $1.21. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. The company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. Sell-side analysts predict that EuroDry will post 5.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Zacks Research raised shares of EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Weiss Ratings cut shares of EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of EuroDry in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, EuroDry presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insider Activity at EuroDry

In other news, insider Symeon Pariaros sold 1,900 shares of EuroDry stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $39.98, for a total value of $75,962.00. Following the completion of the transaction, the insider directly owned 7,276 shares in the company, valued at approximately $290,894.48. The trade was a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 2,800 shares of company stock valued at $110,262 over the last three months. 51.40% of the stock is owned by company insiders.

Key Stories Impacting EuroDry

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Raised earnings outlook: Noble Financial reportedly increased its Q3 2026 EPS forecast to $1.70 from $1.29 and its full-year forecast to $5.77 from $4.27. Higher estimates reinforce the bullish earnings narrative for EuroDry. Noble Financial EuroDry earnings forecast
• Positive Sentiment: Significant quarterly earnings beat: EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 analyst consensus by $1.21. Net margin was 15.02%, while revenue of $17.70 million was broadly close to the $17.86 million estimate. The results help explain the stock’s recent strength.
• Positive Sentiment: Generally favorable analyst stance: Alliance Global Partners reiterated a Buy rating, while Zacks Research and Wall Street Zen have issued Strong Buy upgrades. BlackRock also initiated a small position of 2,135 shares, providing modest institutional validation.
• Neutral Sentiment: Mixed valuation signals: MarketBeat reports a Moderate Buy consensus, but the average price target of $23.50 is substantially below the stock’s recent trading level near $38–$40. This may indicate that the recent rally has outpaced existing analyst targets.
• Negative Sentiment: Cluster of insider selling: Corporate Secretary Stefania Karmiri sold 400 shares for $15,400, Director Aristeidis P. Pittas sold 500 shares for $18,900, and insider Symeon Pariaros sold 1,900 shares for $75,962. Karmiri reduced her holdings by 32%, while Pariaros cut his position by 20.71%. Although the sales are relatively small, the concentration of selling near the stock’s highs may create investor caution. EuroDry insider sales report

EuroDry Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.