Georgios Feidakis Purchases 38,947 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 38,947 shares of Globus Maritime stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $1.79 per share, for a total transaction of $69,715.13. Following the completion of the transaction, the director directly owned 5,955,827 shares of the company’s stock, valued at approximately $10,660,930.33. This represents a 0.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 23rd, Georgios Feidakis acquired 7,536 shares of Globus Maritime stock. The shares were bought at an average cost of $1.75 per share, for a total transaction of $13,188.00.
• On Friday, March 20th, Georgios Feidakis acquired 22,542 shares of Globus Maritime stock. The shares were bought at an average price of $1.74 per share, with a total value of $39,223.08.
• On Thursday, March 19th, Georgios Feidakis bought 11,007 shares of Globus Maritime stock. The stock was purchased at an average cost of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Price Performance

NASDAQ:GLBS opened at $1.95 on Friday. Globus Maritime Limited has a 12-month low of $0.99 and a 12-month high of $2.23. The firm has a market cap of $42.08 million, a price-to-earnings ratio of -27.85 and a beta of 0.48. The company’s 50-day moving average is $1.77 and its two-hundred day moving average is $1.49. The company has a current ratio of 2.74, a quick ratio of 2.54 and a debt-to-equity ratio of 0.58.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings results on Monday, March 16th. The shipping company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.14. The business had revenue of $13.45 million during the quarter, compared to the consensus estimate of $11.60 million. Globus Maritime had a negative net margin of 3.95% and a negative return on equity of 1.00%.

Institutional Investors Weigh In On Globus Maritime

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new position in shares of Globus Maritime during the 4th quarter valued at $127,000. Jane Street Group LLC purchased a new stake in Globus Maritime during the 4th quarter worth $58,000. Finally, XTX Topco Ltd increased its holdings in Globus Maritime by 64.6% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 31.60% of the company’s stock.

Analyst Ratings Changes

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

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.