Renaissance Technologies LLC Sells 8,900 Shares of EuroDry Ltd. (NASDAQ:EDRY)

Renaissance Technologies LLC cut its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,300 shares of the company’s stock after selling 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.52% of EuroDry worth $485,000 at the end of the most recent reporting period.

Separately, Linden Thomas Advisory Services LLC grew its holdings in EuroDry by 16.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 29,693 shares of the company’s stock worth $333,000 after acquiring an additional 4,289 shares during the last quarter. 2.44% of the stock is currently owned by institutional investors.

EuroDry Stock Up 1.3 %

NASDAQ:EDRY opened at $8.87 on Friday. The stock’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $11.97. The company has a market cap of $25.14 million, a price-to-earnings ratio of -4.03 and a beta of 0.87. EuroDry Ltd. has a 52-week low of $8.00 and a 52-week high of $24.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84.

Analyst Upgrades and Downgrades

Separately, Noble Financial lowered shares of EuroDry from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th.

EuroDry Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.