Georgios Feidakis Acquires 106,400 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 106,400 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average cost of $2.70 per share, for a total transaction of $287,280.00. Following the acquisition, the director owned 6,463,867 shares of the company’s stock, valued at $17,452,440.90. This trade represents a 1.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 13th, Georgios Feidakis purchased 114,766 shares of Globus Maritime stock. The shares were purchased at an average price of $2.75 per share, with a total value of $315,606.50.

Globus Maritime Stock Performance

Shares of Globus Maritime stock traded down $0.04 during trading hours on Tuesday, reaching $2.73. 43,306 shares of the stock traded hands, compared to its average volume of 108,113. Globus Maritime Limited has a one year low of $1.00 and a one year high of $3.24. The firm has a market capitalization of $58.91 million, a price-to-earnings ratio of 54.61 and a beta of 0.26. The company has a quick ratio of 2.45, a current ratio of 2.65 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.06.

Globus Maritime (NASDAQ:GLBS) last issued 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. The firm had revenue of $12.25 million for the quarter, compared to analysts’ expectations of $10.40 million. Globus Maritime had a net margin of 1.72% and a return on equity of 0.47%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd lifted its position in shares of Globus Maritime by 64.6% during 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. NewEdge Advisors LLC purchased a new stake in Globus Maritime in the 1st quarter worth approximately $37,000. Jane Street Group LLC bought a new stake in Globus Maritime during the 4th quarter worth approximately $58,000. Finally, Renaissance Technologies LLC raised its stake in Globus Maritime by 96.8% during the 1st quarter. Renaissance Technologies LLC now owns 143,100 shares of the shipping company’s stock worth $331,000 after acquiring an additional 70,400 shares during the period. 31.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GLBS shares. 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. Maxim Group boosted their price objective on shares of Globus Maritime from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Globus Maritime currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

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.