Insider Selling: Euroseas (NASDAQ:ESEA) Insider Sells $18,000.00 in Stock

Euroseas Ltd. (NASDAQ:ESEA) insider Stefania Karmiri sold 250 shares of Euroseas stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $72.00, for a total transaction of $18,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Euroseas Stock Up 1.7%

NASDAQ ESEA opened at $68.50 on Thursday. The company has a current ratio of 4.89, a quick ratio of 4.82 and a debt-to-equity ratio of 0.43. Euroseas Ltd. has a 1-year low of $28.39 and a 1-year high of $74.75. The company has a 50 day moving average of $65.64 and a 200-day moving average of $59.73. The company has a market cap of $479.98 million, a price-to-earnings ratio of 3.49 and a beta of 0.73.

Euroseas (NASDAQ:ESEA) last released its quarterly earnings results on Thursday, February 26th. The shipping company reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.01. Euroseas had a net margin of 60.11% and a return on equity of 27.82%. The company had revenue of $57.39 million during the quarter, compared to the consensus estimate of $57.83 million. On average, equities research analysts expect that Euroseas Ltd. will post 17.34 earnings per share for the current fiscal year.

Euroseas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were given a $0.75 dividend. The ex-dividend date was Tuesday, March 10th. This is a positive change from Euroseas’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.4%. Euroseas’s dividend payout ratio (DPR) is presently 15.29%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Euroseas during the fourth quarter valued at approximately $34,000. Bank of America Corp DE raised its position in Euroseas by 387.8% during the second quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 888 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Euroseas by 540.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 1,080 shares in the last quarter. Quarry LP acquired a new position in Euroseas during the third quarter valued at approximately $89,000. Finally, Blue Bell Private Wealth Management LLC acquired a new position in Euroseas during the third quarter valued at approximately $205,000. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ESEA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Euroseas in a research report on Monday, December 29th. Alliance Global Partners restated a “buy” rating on shares of Euroseas in a research report on Monday. Finally, Wall Street Zen upgraded shares of Euroseas from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.