Renaissance Technologies LLC Purchases 21,047 Shares of EuroDry $EDRY

Renaissance Technologies LLC increased its position in shares of EuroDry (NASDAQ:EDRY) by 53.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,347 shares of the company’s stock after acquiring an additional 21,047 shares during the period. Renaissance Technologies LLC’s holdings in EuroDry were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

EuroDry Price Performance

EDRY opened at $38.64 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $111.67 million, a P/E ratio of 11.67 and a beta of 0.68. The stock has a 50-day moving average price of $24.81 and a 200-day moving average price of $21.30. EuroDry has a 12-month low of $10.18 and a 12-month high of $40.00.

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

Analysts Set New Price Targets

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

Trending Headlines about EuroDry

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Raised earnings outlook: Noble Financial reportedly increased its Q3 2026 EPS forecast to $1.70 from $1.29 and its full-year forecast to $5.77 from $4.27. Higher estimates reinforce the bullish earnings narrative for EuroDry. Noble Financial EuroDry earnings forecast
• Positive Sentiment: Significant quarterly earnings beat: EuroDry reported quarterly EPS of $2.44, exceeding the $1.23 analyst consensus by $1.21. Net margin was 15.02%, while revenue of $17.70 million was broadly close to the $17.86 million estimate. The results help explain the stock’s recent strength.
• Positive Sentiment: Generally favorable analyst stance: Alliance Global Partners reiterated a Buy rating, while Zacks Research and Wall Street Zen have issued Strong Buy upgrades. BlackRock also initiated a small position of 2,135 shares, providing modest institutional validation.
• Neutral Sentiment: Mixed valuation signals: MarketBeat reports a Moderate Buy consensus, but the average price target of $23.50 is substantially below the stock’s recent trading level near $38–$40. This may indicate that the recent rally has outpaced existing analyst targets.
• Negative Sentiment: Cluster of insider selling: Corporate Secretary Stefania Karmiri sold 400 shares for $15,400, Director Aristeidis P. Pittas sold 500 shares for $18,900, and insider Symeon Pariaros sold 1,900 shares for $75,962. Karmiri reduced her holdings by 32%, while Pariaros cut his position by 20.71%. Although the sales are relatively small, the concentration of selling near the stock’s highs may create investor caution. EuroDry insider sales report

Insider Activity at EuroDry

In other news, insider Symeon Pariaros sold 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $39.98, for a total value of $75,962.00. Following the completion of the sale, the insider directly owned 7,276 shares in the company, valued at approximately $290,894.48. The trade was a 20.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 2,800 shares of company stock worth $110,262 over the last quarter. Company insiders own 51.40% of the company’s stock.

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.