Linden Thomas Advisory Services LLC Increases Holdings in EuroDry Ltd. (NASDAQ:EDRY)

Linden Thomas Advisory Services LLC lifted its holdings in EuroDry Ltd. (NASDAQ:EDRY) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,917 shares of the company’s stock after acquiring an additional 3,362 shares during the period. Linden Thomas Advisory Services LLC’s holdings in EuroDry were worth $303,000 at the end of the most recent reporting period.

EuroDry Stock Performance

Shares of EuroDry stock opened at $20.58 on Friday. EuroDry Ltd. has a twelve month low of $13.42 and a twelve month high of $23.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 0.95. The business has a 50-day moving average price of $21.42 and a 200-day moving average price of $19.40.

EuroDry (NASDAQ:EDRY) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.45. The business had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $11.70 million. EuroDry had a positive return on equity of 0.30% and a negative net margin of 6.11%. As a group, sell-side analysts predict that EuroDry Ltd. will post 2.15 earnings per share for the current year.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.