Exchange Traded Concepts LLC bought a new position in shares of Euroseas Ltd. (NASDAQ:ESEA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,453 shares of the shipping company's stock, valued at approximately $306,000. Exchange Traded Concepts LLC owned about 0.12% of Euroseas as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of ESEA. Retireful LLC purchased a new stake in Euroseas in the 4th quarter valued at about $222,000. Barclays PLC boosted its position in shares of Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock worth $30,000 after acquiring an additional 251 shares during the last quarter. Geode Capital Management LLC purchased a new stake in Euroseas in the third quarter valued at approximately $248,000. Sheaff Brock Investment Advisors LLC increased its position in Euroseas by 25.0% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company's stock worth $382,000 after purchasing an additional 1,560 shares during the last quarter. Finally, BayBridge Capital Group LLC raised its stake in Euroseas by 8.7% during the third quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company's stock worth $647,000 after purchasing an additional 1,057 shares during the period. 6.27% of the stock is owned by hedge funds and other institutional investors.
Euroseas Trading Up 4.9 %
Shares of NASDAQ ESEA traded up $1.50 during midday trading on Tuesday, hitting $32.27. The stock had a trading volume of 30,299 shares, compared to its average volume of 40,418. The company has a fifty day moving average price of $34.98 and a 200 day moving average price of $40.05. The company has a market capitalization of $226.21 million, a price-to-earnings ratio of 1.99 and a beta of 0.85. Euroseas Ltd. has a 1-year low of $30.21 and a 1-year high of $50.92. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53.
Euroseas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.44%. The ex-dividend date of this dividend was Monday, December 9th. Euroseas's payout ratio is currently 14.80%.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Euroseas from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th.
Check Out Our Latest Research Report on ESEA
About Euroseas
(
Free Report)
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
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