Walleye Capital LLC Makes New $766,000 Investment in Euroseas Ltd. (NASDAQ:ESEA)

Walleye Capital LLC bought a new position in Euroseas Ltd. (NASDAQ:ESEAGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,399 shares of the shipping company’s stock, valued at approximately $766,000.

Several other institutional investors and hedge funds have also bought and sold shares of ESEA. Advisor Group Holdings Inc. boosted its position in Euroseas by 456.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 8,138 shares of the shipping company’s stock worth $203,000 after purchasing an additional 6,675 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of Euroseas by 6.9% during the 4th quarter. Navellier & Associates Inc. now owns 10,897 shares of the shipping company’s stock valued at $271,000 after buying an additional 706 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Euroseas during the 1st quarter valued at about $40,000. M&T Bank Corp purchased a new position in shares of Euroseas during the 1st quarter valued at about $200,000. Finally, L & S Advisors Inc purchased a new position in shares of Euroseas during the 1st quarter valued at about $348,000. 6.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ESEA. StockNews.com raised Euroseas from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. TheStreet raised Euroseas from a “c+” rating to a “b” rating in a research report on Monday, August 29th.

Euroseas Stock Down 0.2 %

Shares of ESEA opened at $21.40 on Wednesday. The business’s 50 day moving average is $23.68 and its 200 day moving average is $25.67. The company has a market capitalization of $156.09 million, a PE ratio of 1.69 and a beta of 0.67. Euroseas Ltd. has a 12-month low of $20.38 and a 12-month high of $39.17. The company has a current ratio of 0.23, a quick ratio of 0.18 and a debt-to-equity ratio of 0.48.

Euroseas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.35%. The ex-dividend date of this dividend was Thursday, September 8th. Euroseas’s dividend payout ratio (DPR) is presently 15.79%.

Euroseas Company Profile

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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 May 03, 2022, it had a fleet of 18 vessels, including 10 feeder and 8 intermediate containerships with a cargo capacity of approximately 58,871 twenty-foot equivalent unit (teu).

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Institutional Ownership by Quarter for Euroseas (NASDAQ:ESEA)

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