Globus Maritime (NASDAQ:GLBS) Director Georgios Feidakis Purchases 106,400 Shares

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 106,400 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of $2.70 per share, with a total value of $287,280.00. Following the completion of the purchase, the director owned 6,463,867 shares in the company, valued at $17,452,440.90. This represents a 1.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 13th, Georgios Feidakis bought 114,766 shares of Globus Maritime stock. The shares were bought at an average price of $2.75 per share, for a total transaction of $315,606.50.

Globus Maritime Stock Performance

Shares of GLBS opened at $2.73 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.45 and a current ratio of 2.65. Globus Maritime Limited has a twelve month low of $1.00 and a twelve month high of $3.24. The firm’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $2.06. The firm has a market cap of $58.91 million, a P/E ratio of 54.61 and a beta of 0.26.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings results on Thursday, June 11th. The shipping company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.10. Globus Maritime had a net margin of 1.72% and a return on equity of 0.47%. The company had revenue of $12.25 million during the quarter, compared to analysts’ expectations of $10.40 million.

Wall Street Analysts Forecast Growth

GLBS has been the subject of a number of research reports. Maxim Group increased their target price on Globus Maritime from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.00.

Institutional Trading of Globus Maritime

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLBS. Renaissance Technologies LLC raised its holdings in shares of Globus Maritime by 96.8% in the 1st quarter. Renaissance Technologies LLC now owns 143,100 shares of the shipping company’s stock valued at $331,000 after purchasing an additional 70,400 shares during the period. Jane Street Group LLC bought a new position in Globus Maritime during the fourth quarter worth about $58,000. 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 buying an additional 8,327 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Globus Maritime during the first quarter worth approximately $37,000. 31.60% of the stock is owned by institutional investors.

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.