Globus Maritime (NASDAQ:GLBS) Director Georgios Feidakis Purchases 7,536 Shares

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 7,536 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average price of $1.75 per share, for a total transaction of $13,188.00. Following the completion of the transaction, the director directly owned 5,916,880 shares in the company, valued at approximately $10,354,540. This represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Georgios Feidakis also recently made the following trade(s):

• On Tuesday, March 24th, Georgios Feidakis acquired 38,947 shares of Globus Maritime stock. The stock was acquired at an average cost of $1.79 per share, for a total transaction of $69,715.13.
• On Friday, March 20th, Georgios Feidakis bought 22,542 shares of Globus Maritime stock. The shares were acquired at an average price of $1.74 per share, with a total value of $39,223.08.
• On Thursday, March 19th, Georgios Feidakis bought 11,007 shares of Globus Maritime stock. The shares were acquired at an average price of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Price Performance

Shares of NASDAQ GLBS remained flat at $1.80 on Wednesday. 23,967 shares of the company’s stock traded hands, compared to its average volume of 63,479. Globus Maritime Limited has a 12 month low of $0.99 and a 12 month high of $2.23. The stock has a market cap of $38.84 million, a P/E ratio of -25.71 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 2.54. The company has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.49.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Monday, March 16th. The shipping company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.14. Globus Maritime had a negative net margin of 3.95% and a negative return on equity of 1.00%. The business had revenue of $13.45 million for the quarter, compared to analyst estimates of $11.60 million.

Institutional Investors Weigh In On Globus Maritime

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in Globus Maritime by 64.6% during the fourth quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock worth $37,000 after purchasing an additional 8,327 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Globus Maritime in the 4th quarter valued at $58,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Globus Maritime in the 4th quarter valued at $127,000. 31.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Globus Maritime in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.00.

Globus Maritime Company Profile

Globus Maritime Ltd. is a dry bulk shipping company incorporated in the Republic of the Marshall Islands in 2007 and headquartered in Athens, Greece. The firm owns and operates a fleet of Capesize dry bulk carriers, each with a carrying capacity of approximately 170,000 to 180,000 deadweight tons (dwt). These vessels transport key commodities such as iron ore, coal and grains under time and voyage charter agreements.

After completing its initial public offering on the NASDAQ in 2014, Globus Maritime has pursued strategic fleet growth through acquisitions of modern secondhand vessels.