Georgios Feidakis Purchases 22,542 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 22,542 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $1.74 per share, with a total value of $39,223.08. Following the transaction, the director owned 5,909,344 shares in the company, valued at approximately $10,282,258.56. This trade represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 24th, Georgios Feidakis bought 38,947 shares of Globus Maritime stock. The stock was bought at an average cost of $1.79 per share, for a total transaction of $69,715.13.
• On Monday, March 23rd, Georgios Feidakis bought 7,536 shares of Globus Maritime stock. The shares were bought at an average price of $1.75 per share, for a total transaction of $13,188.00.
• On Thursday, March 19th, Georgios Feidakis purchased 11,007 shares of Globus Maritime stock. The shares were bought at an average cost of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Price Performance

NASDAQ:GLBS remained flat at $1.80 during mid-day trading on Wednesday. The company’s stock had a trading volume of 23,967 shares, compared to its average volume of 63,479. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.54 and a current ratio of 2.74. The company has a 50 day moving average of $1.76 and a two-hundred day moving average of $1.49. The company has a market cap of $38.84 million, a price-to-earnings ratio of -25.71 and a beta of 0.48. Globus Maritime Limited has a twelve month low of $0.99 and a twelve month high of $2.23.

Globus Maritime (NASDAQ:GLBS) last posted its quarterly earnings data on Monday, March 16th. The shipping company reported $0.05 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $11.60 million.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLBS. Renaissance Technologies LLC purchased a new position in Globus Maritime in the 4th quarter worth approximately $127,000. Jane Street Group LLC purchased a new stake in Globus Maritime during the 4th quarter valued at approximately $58,000. Finally, XTX Topco Ltd raised its position in shares of Globus Maritime by 64.6% during the fourth quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock valued at $37,000 after buying an additional 8,327 shares during the last quarter. 31.60% of the stock is owned by hedge funds and other institutional investors.

Globus Maritime Company Profile

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.