Virtu Financial LLC Purchases Shares of 11,242 Euroseas Ltd. (NASDAQ:ESEA)

Virtu Financial LLC acquired a new position in Euroseas Ltd. (NASDAQ:ESEA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,242 shares of the shipping company’s stock, valued at approximately $350,000. Virtu Financial LLC owned 0.16% of Euroseas as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Quadrature Capital Ltd increased its position in Euroseas by 51.4% in the 4th quarter. Quadrature Capital Ltd now owns 46,007 shares of the shipping company’s stock worth $1,434,000 after buying an additional 15,618 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Euroseas in the fourth quarter worth $447,000. Jump Financial LLC bought a new position in Euroseas during the fourth quarter worth $262,000. Finally, Acadian Asset Management LLC acquired a new position in Euroseas during the 3rd quarter valued at $551,000. Institutional investors and hedge funds own 6.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Noble Financial boosted their price objective on shares of Euroseas from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th.

Euroseas Trading Up 0.8 %

Euroseas stock opened at $35.00 on Thursday. The business has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $35.59. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. Euroseas Ltd. has a 12 month low of $19.71 and a 12 month high of $42.29. The stock has a market cap of $245.35 million, a price-to-earnings ratio of 2.30 and a beta of 0.80.

Euroseas (NASDAQ:ESEA) last issued its earnings results on Thursday, May 23rd. The shipping company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.36). Euroseas had a net margin of 54.50% and a return on equity of 39.84%. The firm had revenue of $48.29 million during the quarter, compared to analyst estimates of $48.10 million. As a group, equities analysts forecast that Euroseas Ltd. will post 9.05 EPS for the current year.

Euroseas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Wednesday, June 12th. Euroseas’s dividend payout ratio is 15.76%.

About Euroseas

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.