EuroDry (NASDAQ:EDRY) Insider Symeon Pariaros Sells 2,700 Shares

EuroDry (NASDAQ:EDRY) insider Symeon Pariaros sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $42.00, for a total transaction of $113,400.00. Following the completion of the sale, the insider directly owned 4,576 shares in the company, valued at approximately $192,192. This trade represents a 37.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Symeon Pariaros also recently made the following trade(s):

• On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The shares were sold at an average price of $39.98, for a total value of $75,962.00.

EuroDry Trading Up 4.3%

EDRY opened at $43.29 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.28. EuroDry has a one year low of $10.51 and a one year high of $44.00. The company has a market cap of $125.11 million, a P/E ratio of 13.08 and a beta of 0.68. The business’s 50-day simple moving average is $26.27 and its 200-day simple moving average is $22.05.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.23 by $1.21. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. The firm had revenue of $17.70 million for the quarter, compared to analyst estimates of $17.86 million. As a group, equities research analysts expect that EuroDry will post 5.77 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On EuroDry

A hedge fund recently bought a new position in EuroDry stock. BlackRock Inc. acquired a new stake in shares of EuroDry (NASDAQ:EDRY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent SEC filing. 2.44% of the stock is currently owned by hedge funds and other institutional investors.

EuroDry Company Profile

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.