EuroDry (NASDAQ:EDRY) Director Aristeidis Pittas Sells 500 Shares of Stock

EuroDry (NASDAQ:EDRY) Director Aristeidis Pittas sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.80, for a total value of $18,900.00. Following the transaction, the director owned 76,463 shares of the company’s stock, valued at $2,890,301.40. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EuroDry Price Performance

Shares of NASDAQ EDRY opened at $38.16 on Thursday. EuroDry has a 1-year low of $10.18 and a 1-year high of $40.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. The business’s fifty day moving average price is $24.48 and its two-hundred day moving average price is $21.12. The firm has a market capitalization of $110.28 million, a PE ratio of 11.53 and a beta of 0.68.

EuroDry (NASDAQ:EDRY) last posted its earnings results on Thursday, August 6th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $1.21. EuroDry had a return on equity of 8.77% and a net margin of 15.02%.The company had revenue of $17.70 million for the quarter, compared to analysts’ expectations of $17.86 million. On average, research analysts expect that EuroDry will post 5.77 EPS for the current year.

Analysts Set New Price Targets

EDRY has been the subject of a number of analyst reports. Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 3rd. Alliance Global Partners restated a “buy” rating on shares of EuroDry in a research note on Friday, August 7th. Zacks Research raised EuroDry from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings cut EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.

EuroDry News Summary

Here are the key news stories impacting EuroDry this week:

• Positive Sentiment: Higher earnings estimates: Noble Financial raised its Q3 2026 EPS forecast to $1.70 from $1.29 and increased its FY2026 estimate to $5.77 from $4.27. The revisions suggest improved expectations for EuroDry’s earnings performance and are a potential catalyst for the stock. MarketBeat EuroDry analyst estimates
• Positive Sentiment: Strong profitability highlighted: A Zacks article included EuroDry among four companies with solid net profit margins. EuroDry’s latest quarterly results also showed EPS of $2.44, well above the $1.23 consensus estimate, although revenue was slightly below expectations. Zacks article on companies with solid net profit margins
• Neutral Sentiment: Limited short positioning: Reported short interest increased 154.5% to 11,188 shares as of July 31, but that represents only 0.4% of EuroDry’s outstanding shares and about 0.1 days of average trading volume. The low absolute level limits the likely impact on the share price.
• Negative Sentiment: Insider selling: Director Aristeidis P. Pittas sold 500 shares for approximately $18,900, reducing his holdings by 0.65%. Insider Stefania Karmiri separately sold 400 shares for about $15,400, cutting her position by 32%. The transactions are relatively small, but insider sales can create some caution among investors. EuroDry insider transaction filing

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in EuroDry stock. BlackRock Inc. purchased a new stake in shares of EuroDry (NASDAQ:EDRY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,135 shares of the company’s stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 2.44% of the company’s stock.

About EuroDry

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.