Georgios Feidakis Acquires 106,400 Shares of Globus Maritime (NASDAQ:GLBS) Stock

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

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

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

Globus Maritime Stock Performance

NASDAQ:GLBS opened at $2.86 on Thursday. The company has a fifty day moving average of $2.46 and a 200-day moving average of $2.07. The firm has a market capitalization of $61.72 million, a P/E ratio of 57.21 and a beta of 0.26. The company has a quick ratio of 2.45, a current ratio of 2.65 and a debt-to-equity ratio of 0.56. Globus Maritime Limited has a twelve month low of $1.00 and a twelve month high of $3.24.

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

Institutional Trading of Globus Maritime

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd raised its holdings 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. NewEdge Advisors LLC acquired a new position in shares of Globus Maritime during the first quarter valued at about $37,000. Jane Street Group LLC bought a new stake in shares of Globus Maritime during the fourth quarter worth about $58,000. Finally, Renaissance Technologies LLC increased its position in shares of Globus Maritime by 96.8% during the first quarter. Renaissance Technologies LLC now owns 143,100 shares of the shipping company’s stock worth $331,000 after acquiring an additional 70,400 shares in the last quarter. Institutional investors and hedge funds own 31.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Maxim Group boosted their target price on Globus Maritime from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

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.