Euroseas (NASDAQ:ESEA) Insider Symeon Pariaros Sells 950 Shares of Stock

Euroseas Ltd. (NASDAQ:ESEA) insider Symeon Pariaros sold 950 shares of Euroseas stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $79.00, for a total transaction of $75,050.00. Following the completion of the transaction, the insider owned 1,900 shares in the company, valued at approximately $150,100. This trade represents a 33.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Euroseas Price Performance

NASDAQ ESEA opened at $76.93 on Friday. The stock has a market capitalization of $542.74 million, a P/E ratio of 3.96 and a beta of 0.41. Euroseas Ltd. has a 1 year low of $51.00 and a 1 year high of $79.67. The business’s fifty day moving average is $73.42 and its two-hundred day moving average is $69.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.38 and a current ratio of 5.46.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Thursday, August 13th. The shipping company reported $4.70 EPS for the quarter, beating analysts’ consensus estimates of $4.09 by $0.61. The company had revenue of $56.50 million during the quarter, compared to the consensus estimate of $55.98 million. Euroseas had a return on equity of 26.58% and a net margin of 59.98%. On average, research analysts forecast that Euroseas Ltd. will post 18.03 earnings per share for the current fiscal year.

Euroseas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Euroseas’s dividend payout ratio is currently 16.47%.

Analyst Ratings Changes

ESEA has been the topic of a number of analyst reports. Wall Street Zen raised Euroseas from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Weiss Ratings raised shares of Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Finally, Zacks Research cut shares of Euroseas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Euroseas

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Euroseas in the fourth quarter worth $34,000. Bank of America Corp DE lifted its stake in Euroseas by 387.8% in the 2nd quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company’s stock worth $50,000 after acquiring an additional 888 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Euroseas by 540.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock worth $76,000 after acquiring an additional 1,080 shares during the period. Quarry LP purchased a new position in Euroseas during the 3rd quarter valued at about $89,000. Finally, Magnetar Financial LLC purchased a new position in Euroseas during the 4th quarter valued at about $204,000. 6.27% of the stock is owned by institutional investors and hedge funds.

Euroseas Company Profile

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.