Retireful LLC Takes $222,000 Position in Euroseas Ltd. (NASDAQ:ESEA)

Retireful LLC bought a new position in Euroseas Ltd. (NASDAQ:ESEA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,146 shares of the shipping company’s stock, valued at approximately $222,000. Retireful LLC owned 0.09% of Euroseas at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ESEA. Barclays PLC raised its stake in shares of Euroseas by 67.5% in the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after buying an additional 251 shares in the last quarter. Geode Capital Management LLC bought a new position in Euroseas during the 3rd quarter valued at about $248,000. Redhawk Wealth Advisors Inc. boosted its position 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 in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Euroseas by 25.0% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company’s stock worth $382,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Euroseas by 42.5% in the 2nd quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company’s stock valued at $424,000 after purchasing an additional 3,617 shares during the last quarter. Institutional investors and hedge funds own 6.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Euroseas Stock Down 2.2 %

Shares of ESEA opened at $33.76 on Friday. The business’s fifty day moving average price is $37.36 and its two-hundred day moving average price is $40.72. The firm has a market capitalization of $236.52 million, a price-to-earnings ratio of 2.08 and a beta of 0.90. Euroseas Ltd. has a 52 week low of $31.14 and a 52 week high of $50.92. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.11%. The ex-dividend date of this dividend was Monday, December 9th. Euroseas’s dividend payout ratio is 14.80%.

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.