Euroseas Ltd. (NASDAQ:ESEA) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC raised its position in Euroseas Ltd. (NASDAQ:ESEA) by 25.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,810 shares of the shipping company’s stock after acquiring an additional 1,560 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Euroseas were worth $382,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of Euroseas by 49.6% during the first quarter. Acadian Asset Management LLC now owns 71,763 shares of the shipping company’s stock worth $2,570,000 after buying an additional 23,796 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Euroseas during the third quarter worth about $913,000. Lazard Asset Management LLC grew its position in shares of Euroseas by 3,282.3% during the first quarter. Lazard Asset Management LLC now owns 8,219 shares of the shipping company’s stock worth $294,000 after buying an additional 7,976 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of Euroseas during the second quarter worth about $248,000. Finally, Squarepoint Ops LLC grew its position in shares of Euroseas by 42.5% during the second quarter. Squarepoint Ops LLC now owns 12,135 shares of the shipping company’s stock worth $424,000 after buying an additional 3,617 shares in the last quarter. 6.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on ESEA. StockNews.com downgraded Euroseas from a “buy” rating to a “hold” rating in a research report on Tuesday. Alliance Global Partners began coverage on Euroseas in a research note on Monday, September 9th. They set a “buy” rating and a $60.00 target price for the company.

Euroseas Price Performance

ESEA stock opened at $42.77 on Friday. The business has a 50 day moving average price of $43.65 and a 200 day moving average price of $40.75. The stock has a market cap of $299.82 million, a price-to-earnings ratio of 2.53 and a beta of 0.88. Euroseas Ltd. has a fifty-two week low of $26.20 and a fifty-two week high of $50.92. The company has a quick ratio of 1.41, a current ratio of 1.46 and a debt-to-equity ratio of 0.52.

Euroseas Company 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.