Symeon Pariaros Sells 1,900 Shares of EuroDry (NASDAQ:EDRY) Stock

EuroDry (NASDAQ:EDRY) insider Symeon Pariaros sold 1,900 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $39.98, for a total value of $75,962.00. Following the completion of the transaction, the insider directly owned 7,276 shares of the company’s stock, valued at approximately $290,894.48. The trade was a 20.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EuroDry Stock Performance

Shares of EDRY stock opened at $36.57 on Friday. The business’s 50-day moving average price is $25.10 and its 200-day moving average price is $21.41. EuroDry has a 12 month low of $10.18 and a 12 month high of $40.00. The firm has a market capitalization of $105.72 million, a price-to-earnings ratio of 11.05 and a beta of 0.68. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $1.21. The company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $17.86 million. EuroDry had a return on equity of 8.77% and a net margin of 15.02%. Equities research analysts forecast that EuroDry will post 5.77 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in EuroDry stock. BlackRock Inc. acquired a new stake in EuroDry (NASDAQ:EDRY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned about 0.07% of EuroDry as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EDRY shares. Wall Street Zen upgraded shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Zacks Research raised EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a report on Friday, August 7th. Finally, Weiss Ratings lowered EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

About EuroDry

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.