Boston Partners Has $449,000 Position in Euroseas Ltd. (NASDAQ:ESEA)

Boston Partners reduced its stake in Euroseas Ltd. (NASDAQ:ESEA) by 57.4% during the 4th quarter, Holdings Channel reports. The fund owned 12,398 shares of the shipping company’s stock after selling 16,735 shares during the period. Boston Partners’ holdings in Euroseas were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Barclays PLC increased its position in Euroseas by 67.5% during the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock worth $30,000 after acquiring an additional 251 shares during the period. Retireful LLC acquired a new stake in Euroseas in the fourth quarter valued at about $222,000. Geode Capital Management LLC acquired a new position in Euroseas during the 3rd quarter worth approximately $248,000. Exchange Traded Concepts LLC acquired a new position in shares of Euroseas during the fourth quarter worth $306,000. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Euroseas by 46.1% in the 4th 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 in the last quarter. Institutional investors own 6.27% of the company’s stock.

Euroseas Stock Performance

Shares of Euroseas stock opened at $30.76 on Monday. The business has a 50-day moving average price of $32.90 and a two-hundred day moving average price of $38.02. Euroseas Ltd. has a 1-year low of $28.36 and a 1-year high of $50.92. The company has a market cap of $215.50 million, a P/E ratio of 1.90 and a beta of 0.72. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.

Euroseas Increases Dividend

The business also recently disclosed 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 was Tuesday, March 11th. This represents a $2.60 annualized dividend and a dividend yield of 8.45%. Euroseas’s dividend payout ratio (DPR) is 16.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Euroseas in a report on Saturday. They set a “buy” rating on the stock.

Euroseas Company Profile

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.