Globus Maritime (NASDAQ:GLBS) Director Georgios Feidakis Buys 11,007 Shares of Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 11,007 shares of Globus Maritime stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of $1.75 per share, for a total transaction of $19,262.25. Following the completion of the transaction, the director owned 5,886,802 shares of the company’s stock, valued at approximately $10,301,903.50. This trade represents a 0.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 24th, Georgios Feidakis purchased 38,947 shares of Globus Maritime stock. The shares were purchased at an average price of $1.79 per share, for a total transaction of $69,715.13.
• On Monday, March 23rd, Georgios Feidakis purchased 7,536 shares of Globus Maritime stock. The stock was acquired at an average price of $1.75 per share, with a total value of $13,188.00.
• On Friday, March 20th, Georgios Feidakis acquired 22,542 shares of Globus Maritime stock. The stock was acquired at an average cost of $1.74 per share, with a total value of $39,223.08.

Globus Maritime Price Performance

Shares of GLBS stock opened at $1.80 on Thursday. The stock’s 50-day moving average is $1.77 and its 200 day moving average is $1.49. Globus Maritime Limited has a 1-year low of $0.99 and a 1-year high of $2.23. 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 market cap of $38.84 million, a P/E ratio of -25.71 and a beta of 0.48.

Globus Maritime (NASDAQ:GLBS) last announced its earnings results on Monday, March 16th. The shipping company reported $0.05 earnings per share 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 company had revenue of $13.45 million during the quarter, compared to the consensus estimate of $11.60 million.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd lifted its holdings in Globus Maritime by 64.6% during the fourth quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 8,327 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Globus Maritime during the 4th quarter worth about $58,000. Finally, Renaissance Technologies LLC purchased a new position in Globus Maritime in the 4th quarter valued at about $127,000. 31.60% of the stock is owned by institutional investors and hedge funds.

About Globus Maritime

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.