Inspire Investing LLC Takes $1.59 Million Position in Euroseas Ltd. $ESEA

Inspire Investing LLC acquired a new position in shares of Euroseas Ltd. (NASDAQ:ESEA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,805 shares of the shipping company’s stock, valued at approximately $1,591,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ESEA. State of Tennessee Department of Treasury acquired a new stake in shares of Euroseas during the 4th quarter worth approximately $404,000. Millennium Management LLC increased its stake in Euroseas by 171.7% during the fourth quarter. Millennium Management LLC now owns 53,386 shares of the shipping company’s stock worth $2,915,000 after acquiring an additional 33,738 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Euroseas in the fourth quarter valued at $311,000. Lazard Asset Management LLC grew its holdings in shares of Euroseas by 3.7% during the 4th quarter. Lazard Asset Management LLC now owns 35,031 shares of the shipping company’s stock worth $1,913,000 after purchasing an additional 1,262 shares during the period. Finally, Jump Financial LLC increased its position in shares of Euroseas by 39.3% during the 4th quarter. Jump Financial LLC now owns 10,692 shares of the shipping company’s stock worth $584,000 after purchasing an additional 3,019 shares during the last quarter. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Euroseas Price Performance

Shares of NASDAQ ESEA opened at $66.43 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.46 and a quick ratio of 5.38. The company has a market cap of $469.00 million, a price-to-earnings ratio of 3.50 and a beta of 0.45. The stock’s 50-day moving average is $68.57 and its two-hundred day moving average is $63.30. Euroseas Ltd. has a 1-year low of $45.79 and a 1-year high of $78.76.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $4.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.44. Euroseas had a return on equity of 27.55% and a net margin of 58.31%.The business had revenue of $55.84 million during the quarter, compared to analysts’ expectations of $56.61 million. Analysts forecast that Euroseas Ltd. will post 18.1 EPS for the current fiscal year.

Euroseas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 9th were paid a $0.80 dividend. This is an increase from Euroseas’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, June 9th. Euroseas’s payout ratio is presently 16.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESEA. Weiss Ratings lowered shares of Euroseas from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Alliance Global Partners reiterated a “buy” rating on shares of Euroseas in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of Euroseas from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average 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.