23,400 Shares in Euroseas Ltd. (NASDAQ:ESEA) Purchased by Novem Group

Novem Group purchased a new stake in shares of Euroseas Ltd. (NASDAQ:ESEA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,400 shares of the shipping company's stock, valued at approximately $847,000. Novem Group owned about 0.33% of Euroseas at the end of the most recent quarter.A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESEA. Barclays PLC boosted its holdings in Euroseas by 67.5% during the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company's stock valued at $30,000 after acquiring an additional 251 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Euroseas during the fourth quarter valued at $306,000. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Euroseas by 46.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock worth $413,000 after purchasing an additional 3,600 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Euroseas by 389.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company's stock worth $1,949,000 after buying an additional 42,830 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Euroseas by 17.0% during the 4th quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock valued at $4,166,000 after buying an additional 16,700 shares in the last quarter. 6.27% of the stock is owned by hedge funds and other institutional investors. Euroseas Stock Down 0.1%Shares of NASDAQ:ESEA opened at $38.95 on Thursday. The business's 50 day moving average is $31.95 and its 200 day moving average is $34.36. The stock has a market cap of $273.04 million, a P/E ratio of 2.40 and a beta of 0.75. Euroseas Ltd. has a 52-week low of $26.30 and a 52-week high of $50.92. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53. Euroseas Increases DividendThe company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.65 per share. This is an increase from Euroseas's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.68%. Euroseas's dividend payout ratio is presently 16.10%. Analysts Set New Price TargetsSeparately, StockNews.com assumed coverage on shares of Euroseas in a research report on Tuesday. They issued a "hold" rating for the company.Get Our Latest Research Report on EuroseasEuroseas Profile (Free Report)Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.See AlsoFive stocks we like better than EuroseasDividend Screener: How to Evaluate Dividend Stocks Before Buying$30B AI Opportunity: Will It Power Meta’s Next Surge?High Flyers: 3 Natural Gas Stocks for March 2022Microsoft Could Rally as EU Antitrust Case Nears ResolutionValue Investing: Is it a Good Strategy in 2022? Hint: AlwaysIntel Refocuses: NEX Sale and Foundry Pivot Signal New EraThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Euroseas Right Now?Before you consider Euroseas, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Euroseas wasn't on the list.While Euroseas currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here