Georgios Feidakis Buys 7,536 Shares of Globus Maritime (NASDAQ:GLBS) Stock

Globus Maritime Limited (NASDAQ:GLBS) Director Georgios Feidakis bought 7,536 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average cost of $1.75 per share, for a total transaction of $13,188.00. Following the completion of the purchase, the director owned 5,916,880 shares of the company’s stock, valued at $10,354,540. This represents a 0.13% 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 link.

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

• On Tuesday, March 24th, Georgios Feidakis acquired 38,947 shares of Globus Maritime stock. The shares were bought at an average cost of $1.79 per share, for a total transaction of $69,715.13.
• On Friday, March 20th, Georgios Feidakis acquired 22,542 shares of Globus Maritime stock. The stock was purchased at an average cost 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 shares were acquired at an average cost of $1.75 per share, with a total value of $19,262.25.

Globus Maritime Stock Up 8.3%

GLBS stock opened at $1.95 on Friday. The firm has a market capitalization of $42.08 million, a PE ratio of -27.85 and a beta of 0.48. The stock’s 50 day moving average is $1.77 and its 200-day moving average is $1.49. Globus Maritime Limited has a twelve month low of $0.99 and a twelve month high of $2.23. The company has a quick ratio of 2.54, a current ratio of 2.74 and a debt-to-equity ratio of 0.58.

Globus Maritime (NASDAQ:GLBS) last issued its quarterly earnings data on Monday, March 16th. The shipping company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.14. The business had revenue of $13.45 million for 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%.

Hedge Funds Weigh In On Globus Maritime

Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in shares of Globus Maritime in the 4th quarter worth approximately $127,000. Jane Street Group LLC bought a new stake in shares of Globus Maritime in the fourth quarter valued at $58,000. Finally, XTX Topco Ltd raised its stake in shares of Globus Maritime by 64.6% in the fourth 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. 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 note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.