Georgios Feidakis Buys 22,542 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 22,542 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $1.74 per share, for a total transaction of $39,223.08. Following the acquisition, the director owned 5,909,344 shares of the company’s stock, valued at approximately $10,282,258.56. This represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, March 24th, Georgios Feidakis purchased 38,947 shares of Globus Maritime stock. The shares were purchased at an average cost of $1.79 per share, with a total value of $69,715.13.
• On Monday, March 23rd, Georgios Feidakis purchased 7,536 shares of Globus Maritime stock. The shares were purchased at an average cost of $1.75 per share, with a total value of $13,188.00.
• On Thursday, March 19th, Georgios Feidakis acquired 11,007 shares of Globus Maritime stock. The stock was purchased at an average price of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Price Performance

Shares of GLBS opened at $1.95 on Friday. Globus Maritime Limited has a twelve month low of $0.99 and a twelve month high of $2.23. The stock’s 50 day moving average is $1.77 and its two-hundred day moving average is $1.49. The firm has a market capitalization of $42.08 million, a PE ratio of -27.85 and a beta of 0.48. 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 earnings results on Monday, March 16th. The shipping company reported $0.05 earnings per share (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 return on equity of 1.00% and a negative net margin of 3.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of Globus Maritime during the 4th quarter valued at approximately $127,000. Jane Street Group LLC acquired a new stake in shares of Globus Maritime in the 4th quarter worth approximately $58,000. Finally, XTX Topco Ltd grew its holdings in shares of Globus Maritime by 64.6% in the 4th quarter. XTX Topco Ltd now owns 21,209 shares of the shipping company’s stock worth $37,000 after acquiring an additional 8,327 shares during the period. 31.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Globus Maritime in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Globus Maritime has an average rating of “Hold” and a consensus price target 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.