2 weeks Ago By ABMN Staff
Renaissance Technologies LLC increased its position in shares of Euroseas Ltd. ( NASDAQ:ESEA – Free Report ) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 115,078 shares of the shipping company’s stock after purchasing an additional 16,700 shares during the quarter. Renaissance Technologies LLC owned 1.64% of Euroseas worth $4,166,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in shares of Euroseas by 389.0% during the 4th quarter.
Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company’s stock valued at $1,949,000 after buying an additional 42,830 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Euroseas by 46.1% during the fourth quarter.
Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company’s stock valued at $413,000 after purchasing an additional 3,600 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Euroseas during the 4th quarter worth approximately $306,000. Retireful LLC bought a new stake in shares of Euroseas in the 4th quarter worth approximately $222,000.
Finally, Geode Capital Management LLC acquired a new position in Euroseas during the 3rd quarter valued at approximately $248,000. Institutional investors own 6.27% of the company’s stock.
Analyst Ratings Changes Separately, StockNews.com initiated coverage on Euroseas in a report on Saturday, March 22nd. They set a “buy” rating on the stock.
Euroseas Trading Down 0.7 % Shares of ESEA stock opened at $29.20 on Tuesday.
The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.
53. The stock has a 50-day simple moving average of $31.50 and a 200 day simple moving average of $35.
47. Euroseas Ltd. has a fifty-two week low of $26.
30 and a fifty-two week high of $50.92. The stock has a market capitalization of $204.
58 million, a P/E ratio of 1.80 and a beta of 0.66.
Euroseas Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $0.65 dividend.
This is an increase from Euroseas’s previous quarterly dividend of $0.60. This represents a $2.
60 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date of this dividend was Tuesday, March 11th.
Euroseas’s payout ratio is presently 16.10%. 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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