Quadrature Capital Ltd Has $978,000 Stock Holdings in Euroseas Ltd. (NASDAQ:ESEA)

Quadrature Capital Ltd decreased its holdings in shares of Euroseas Ltd. (NASDAQ:ESEA) by 40.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,553 shares of the shipping company’s stock after selling 18,454 shares during the quarter. Quadrature Capital Ltd owned about 0.39% of Euroseas worth $978,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new position in shares of Euroseas in the 4th quarter worth $86,000. Jump Financial LLC acquired a new stake in shares of Euroseas in the 4th quarter valued at approximately $262,000. Virtu Financial LLC acquired a new position in Euroseas during the fourth quarter valued at approximately $350,000. Janney Montgomery Scott LLC bought a new stake in Euroseas in the fourth quarter valued at approximately $447,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Euroseas in the first quarter worth $1,300,000. Institutional investors and hedge funds own 6.27% of the company’s stock.

Euroseas Stock Up 0.9 %

Shares of NASDAQ:ESEA traded up $0.33 during midday trading on Friday, reaching $37.42. 9,635 shares of the company were exchanged, compared to its average volume of 30,033. The stock has a fifty day simple moving average of $37.77 and a two-hundred day simple moving average of $36.92. The firm has a market cap of $262.16 million, a PE ratio of 2.46 and a beta of 0.81. 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 fifty-two week low of $20.48 and a fifty-two week high of $42.46.

Euroseas (NASDAQ:ESEA) last released its quarterly earnings results on Thursday, May 23rd. The shipping company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.36). The firm had revenue of $48.29 million for the quarter, compared to analyst estimates of $48.10 million. Euroseas had a return on equity of 39.84% and a net margin of 54.50%. As a group, sell-side analysts forecast that Euroseas Ltd. will post 9.7 earnings per share for the current year.

Euroseas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.41%. Euroseas’s dividend payout ratio (DPR) is presently 15.76%.

Analyst Ratings Changes

Separately, Noble Financial upgraded shares of Euroseas to a “strong-buy” rating in a research report on Wednesday, July 10th.

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.