Georgios Feidakis Acquires 38,947 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 38,947 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of $1.79 per share, for a total transaction of $69,715.13. Following the purchase, the director owned 5,955,827 shares of the company’s stock, valued at $10,660,930.33. This represents a 0.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 23rd, Georgios Feidakis acquired 7,536 shares of Globus Maritime stock. The shares were purchased at an average price of $1.75 per share, for a total transaction of $13,188.00.
• On Friday, March 20th, Georgios Feidakis bought 22,542 shares of Globus Maritime stock. The shares were purchased at an average cost 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 stock was purchased at an average price of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Stock Performance

Shares of GLBS remained flat at $1.80 during midday trading on Wednesday. The stock had a trading volume of 23,967 shares, compared to its average volume of 63,479. Globus Maritime Limited has a fifty-two week low of $0.99 and a fifty-two week 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 firm has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.49. The company has a market capitalization of $38.84 million, a P/E ratio of -25.71 and a beta of 0.48.

Globus Maritime (NASDAQ:GLBS) last released its quarterly earnings data 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 return on equity of 1.00% and a negative net margin of 3.95%.The firm had revenue of $13.45 million during the quarter, compared to the consensus estimate of $11.60 million.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

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.