Euroseas (NASDAQ:ESEA) Upgraded at StockNews.com

StockNews.com upgraded shares of Euroseas (NASDAQ:ESEA) from a hold rating to a buy rating in a research report released on Monday.

Euroseas Stock Performance

ESEA stock opened at $33.07 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. The company has a 50 day moving average price of $33.75 and a 200 day moving average price of $39.20. Euroseas has a fifty-two week low of $30.21 and a fifty-two week high of $50.92. The stock has a market capitalization of $231.69 million, a PE ratio of 2.04 and a beta of 0.85.

Euroseas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.65 per share. This is a boost from Euroseas’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.60 annualized dividend and a dividend yield of 7.86%. Euroseas’s payout ratio is presently 16.10%.

Institutional Trading of Euroseas

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in shares of Euroseas by 67.5% during the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 251 shares during the last quarter. Bank of America Corp DE raised its position in shares of Euroseas by 1,611.0% during the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company’s stock valued at $68,000 after acquiring an additional 1,756 shares during the last quarter. Retireful LLC bought a new stake in shares of Euroseas during the 4th quarter valued at $222,000. Geode Capital Management LLC bought a new stake in shares of Euroseas during the 3rd quarter valued at $248,000. Finally, Mariner LLC bought a new stake in shares of Euroseas during the 4th quarter valued at $306,000. Institutional investors own 6.27% of the company’s stock.

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.