EuroDry (NASDAQ:EDRY) Insider Symeon Pariaros Sells 2,676 Shares of Stock

EuroDry (NASDAQ:EDRY) insider Symeon Pariaros sold 2,676 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $45.80, for a total transaction of $122,560.80. Following the completion of the transaction, the insider directly owned 1,900 shares in the company, valued at $87,020. This represents a 58.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, August 18th, Symeon Pariaros sold 2,700 shares of EuroDry stock. The shares were sold at an average price of $42.00, for a total value of $113,400.00.
• On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The stock was sold at an average price of $39.98, for a total value of $75,962.00.

EuroDry Trading Up 10.4%

NASDAQ:EDRY opened at $51.73 on Tuesday. The firm has a market capitalization of $149.50 million, a P/E ratio of 15.63 and a beta of 0.68. The business has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $22.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. EuroDry has a 12-month low of $10.51 and a 12-month high of $52.63.

EuroDry (NASDAQ:EDRY) last posted its earnings results on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) 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 research analysts predict that EuroDry will post 5.77 EPS for the current year.

Analyst Upgrades and Downgrades

EDRY has been the topic 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 note on Friday, July 10th. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research 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 cut 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Institutional Trading of EuroDry

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

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.