Globus Maritime (NASDAQ:GLBS) Director Georgios Feidakis Buys 38,947 Shares

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis acquired 38,947 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average price of $1.79 per share, with a total value of $69,715.13. Following the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

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

Globus Maritime Price Performance

NASDAQ GLBS remained flat at $1.80 during trading hours on Wednesday. The company’s stock had a trading volume of 23,967 shares, compared to its average volume of 63,479. The stock has a market capitalization of $38.84 million, a PE ratio of -25.71 and a beta of 0.48. Globus Maritime Limited has a 52 week low of $0.99 and a 52 week high of $2.23. The stock has a 50 day moving average price of $1.76 and a 200-day moving average price of $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 announced its 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 firm had revenue of $13.45 million during the quarter, compared to analysts’ expectations of $11.60 million. Globus Maritime had a negative return on equity of 1.00% and a negative net margin of 3.95%.

Institutional Investors Weigh In On Globus Maritime

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLBS. XTX Topco Ltd boosted its position 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 buying an additional 8,327 shares during the period. Jane Street Group LLC purchased a new position in shares of Globus Maritime during the fourth quarter worth approximately $58,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Globus Maritime during the fourth quarter worth approximately $127,000. Institutional investors own 31.60% of the company’s stock.

Analysts Set New Price Targets

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

About Globus Maritime

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.