Boston Partners Sells 16,735 Shares of Euroseas Ltd. (NASDAQ:ESEA)

Boston Partners lowered its holdings in shares of Euroseas Ltd. (NASDAQ:ESEA) by 57.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,398 shares of the shipping company’s stock after selling 16,735 shares during the quarter. Boston Partners owned 0.18% of Euroseas worth $449,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ESEA. Barclays PLC boosted its holdings in shares of Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock valued at $30,000 after buying an additional 251 shares during the period. Retireful LLC bought a new stake in Euroseas in the 4th quarter valued at $222,000. Geode Capital Management LLC acquired a new position in Euroseas in the 3rd quarter worth $248,000. Exchange Traded Concepts LLC bought a new position in Euroseas during the 4th quarter worth about $306,000. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of Euroseas by 46.1% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company’s stock valued at $413,000 after purchasing an additional 3,600 shares during the period. Institutional investors own 6.27% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Euroseas in a research report on Saturday. They set a “buy” rating for the company.

Euroseas Stock Performance

Shares of ESEA opened at $30.76 on Monday. The stock has a market capitalization of $215.50 million, a price-to-earnings ratio of 1.90 and a beta of 0.72. Euroseas Ltd. has a 12 month low of $28.36 and a 12 month high of $50.92. The firm has a fifty day simple moving average of $32.90 and a 200 day simple moving average of $38.02. 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 issued a $0.65 dividend. This is a boost 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 presently 16.10%.

About Euroseas

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.