Globus Maritime (NASDAQ:GLBS) Director Purchases $315,606.50 in Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 114,766 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought at an average price of $2.75 per share, for a total transaction of $315,606.50. Following the completion of the acquisition, the director directly owned 6,578,633 shares in the company, valued at approximately $18,091,240.75. This trade represents a 1.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, June 18th, Georgios Feidakis purchased 106,400 shares of Globus Maritime stock. The stock was bought at an average cost of $2.70 per share, for a total transaction of $287,280.00.

Globus Maritime Stock Down 4.5%

Globus Maritime stock opened at $2.73 on Friday. The stock has a market capitalization of $58.91 million, a PE ratio of 54.61 and a beta of 0.26. Globus Maritime Limited has a twelve month low of $1.00 and a twelve month high of $3.24. The company has a quick ratio of 2.45, a current ratio of 2.65 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $2.47 and a 200-day moving average of $2.08.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings data on Thursday, June 11th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.10. The company had revenue of $12.25 million during 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%.

Analyst Ratings Changes

Several research firms have issued reports on GLBS. Maxim Group lifted their price target on Globus Maritime from $3.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings raised Globus Maritime from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Institutional Investors Weigh In On Globus Maritime

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLBS. NewEdge Advisors LLC acquired a new position in shares of Globus Maritime during the 1st quarter worth about $37,000. Renaissance Technologies LLC raised its holdings in 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. XTX Topco Ltd boosted its position in 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 purchasing an additional 8,327 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Globus Maritime in the fourth quarter valued at approximately $58,000. 31.60% of the stock is currently owned by institutional investors and hedge funds.

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.