5,072 Shares in Euroseas Ltd. (NASDAQ:ESEA) Bought by Geode Capital Management LLC

Geode Capital Management LLC bought a new stake in Euroseas Ltd. (NASDAQ:ESEA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,072 shares of the shipping company’s stock, valued at approximately $248,000. Geode Capital Management LLC owned about 0.07% of Euroseas as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after buying an additional 251 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Euroseas by 6.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 7,593 shares of the shipping company’s stock valued at $371,000 after buying an additional 485 shares during the last quarter. BayBridge Capital Group LLC lifted its stake in Euroseas by 8.7% in the third quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company’s stock valued at $647,000 after buying an additional 1,057 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Euroseas by 25.0% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company’s stock valued at $382,000 after buying an additional 1,560 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Euroseas by 3.0% in the second quarter. Renaissance Technologies LLC now owns 97,478 shares of the shipping company’s stock valued at $3,403,000 after buying an additional 2,877 shares during the last quarter. 6.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Euroseas from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Euroseas Price Performance

Shares of ESEA opened at $34.46 on Tuesday. The firm has a market capitalization of $241.43 million, a price-to-earnings ratio of 2.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. Euroseas Ltd. has a one year low of $31.14 and a one year high of $50.92. The stock’s fifty day moving average is $37.93 and its 200-day moving average is $40.83.

Euroseas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Monday, December 9th. Euroseas’s dividend payout ratio (DPR) is 14.80%.

Euroseas Profile

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.