Renaissance Technologies LLC Boosts Position in EuroDry Ltd. (NASDAQ:EDRY)

Renaissance Technologies LLC grew its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,100 shares of the company’s stock after acquiring an additional 900 shares during the period. Renaissance Technologies LLC owned about 1.94% of EuroDry worth $1,353,000 as of its most recent SEC filing.

Separately, Linden Thomas Advisory Services LLC increased its position in shares of EuroDry by 9.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 21,570 shares of the company’s stock worth $530,000 after purchasing an additional 1,944 shares during the last quarter. Institutional investors and hedge funds own 2.44% of the company’s stock.

EuroDry Stock Performance

EuroDry stock opened at $20.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.84. EuroDry Ltd. has a 12 month low of $14.46 and a 12 month high of $24.84. The company has a fifty day moving average price of $20.58 and a two-hundred day moving average price of $21.47. The company has a market cap of $58.90 million, a PE ratio of -18.22 and a beta of 0.78.

EuroDry (NASDAQ:EDRY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.75). The company had revenue of $17.44 million during the quarter, compared to analyst estimates of $17.89 million. EuroDry had a negative return on equity of 2.08% and a negative net margin of 4.11%. Research analysts expect that EuroDry Ltd. will post -0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Noble Financial raised EuroDry to a “strong-buy” rating in a report on Monday, July 29th.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.