Commons Capital LLC Makes New $563,000 Investment in Euroseas Ltd. $ESEA

Commons Capital LLC bought a new position in Euroseas Ltd. (NASDAQ:ESEA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,304 shares of the shipping company’s stock, valued at approximately $563,000. Commons Capital LLC owned approximately 0.15% of Euroseas at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ESEA. Allworth Financial LP bought a new position in Euroseas during the second quarter worth $45,000. Bank of America Corp DE boosted its holdings in Euroseas by 387.8% in the second quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company’s stock worth $50,000 after purchasing an additional 888 shares during the period. Quarry LP bought a new stake in Euroseas during the third quarter valued at $89,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Euroseas during the third quarter worth $205,000. Finally, Inspire Advisors LLC acquired a new stake in shares of Euroseas during the third quarter worth $219,000. 6.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ESEA. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Euroseas in a report on Monday, December 29th. Wall Street Zen cut shares of Euroseas from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Euroseas Price Performance

Shares of ESEA opened at $70.37 on Friday. Euroseas Ltd. has a 12 month low of $26.30 and a 12 month high of $72.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.89 and a quick ratio of 4.82. The stock has a fifty day moving average price of $59.70 and a 200 day moving average price of $58.86. The company has a market cap of $493.29 million, a P/E ratio of 3.59 and a beta of 0.80.

Euroseas (NASDAQ:ESEA) last posted its earnings results on Wednesday, February 25th. The shipping company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.47 by $0.01. The company had revenue of $57.39 million for the quarter, compared to analysts’ expectations of $57.83 million. Euroseas had a return on equity of 27.82% and a net margin of 60.11%. On average, research analysts forecast that Euroseas Ltd. will post 15.15 earnings per share for the current year.

Euroseas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, March 10th. This is a positive change from Euroseas’s previous quarterly dividend of $0.70. Euroseas’s dividend payout ratio (DPR) is presently 15.29%.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.