Walleye Capital LLC Sells 12,182 Shares of Euroseas Ltd. $ESEA

Walleye Capital LLC trimmed its position in shares of Euroseas Ltd. (NASDAQ:ESEA) by 54.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,327 shares of the shipping company’s stock after selling 12,182 shares during the quarter. Walleye Capital LLC’s holdings in Euroseas were worth $690,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Euroseas during the first quarter valued at approximately $323,000. Inspire Investing LLC bought a new position in shares of Euroseas during the first quarter valued at approximately $1,591,000. State of Tennessee Department of Treasury purchased a new stake in shares of Euroseas in the fourth quarter worth approximately $404,000. Millennium Management LLC raised its holdings in shares of Euroseas by 171.7% in the fourth quarter. Millennium Management LLC now owns 53,386 shares of the shipping company’s stock worth $2,915,000 after buying an additional 33,738 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Euroseas during the 4th quarter worth approximately $311,000. Institutional investors own 6.27% of the company’s stock.

Euroseas Stock Performance

Euroseas stock opened at $76.99 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.38 and a current ratio of 5.46. The company has a market capitalization of $543.55 million, a PE ratio of 4.06 and a beta of 0.45. The company has a 50 day moving average price of $68.61 and a 200-day moving average price of $65.13. Euroseas Ltd. has a fifty-two week low of $48.89 and a fifty-two week high of $78.85.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Thursday, May 21st. The shipping company reported $4.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.44. The company had revenue of $55.84 million for the quarter, compared to analysts’ expectations of $56.61 million. Euroseas had a return on equity of 27.55% and a net margin of 58.31%. As a group, equities analysts forecast that Euroseas Ltd. will post 18.1 earnings per share for the current year.

Euroseas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 9th were issued a $0.80 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. This is a positive change from Euroseas’s previous quarterly dividend of $0.75. Euroseas’s dividend payout ratio (DPR) is currently 16.86%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ESEA shares. Wall Street Zen upgraded Euroseas from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Zacks Research upgraded Euroseas from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Alliance Global Partners reissued a “buy” rating on shares of Euroseas in a research note on Monday, April 20th. Finally, Weiss Ratings cut shares of Euroseas from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Euroseas 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.