# Euroseas Ltd. (ESEA)

> Source: Nexqual · https://nexqual.com/ESEA · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Euroseas Ltd. (ESEA), nexqual.com/ESEA" · informational, not investment advice.

**Price:** USD 66.66 (+0.59% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 66.27 · day 66.07–72 · 52w 51–79.67 · market cap $470M · NCM

## Key facts
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $450K; 3 not under a Rule 10b5-1 plan ($450K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $165K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 90.75 (range 85–95).
- Total return with dividends: 1Y +25.8% vs S&P 500 +13.4%; 5Y +253.8% vs S&P 500 +76.9%.
- Next earnings: 2026-11-17, EPS estimate USD 4.11, revenue estimate $56.8M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01…2026-10-02 | Aslidis Anastasios | Chief Financial Officer | 5,000 | $357K | 19.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Pariaros Symeon | Chief Administrative Officer | 950 | $75K | 33.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-16 | Karmiri Stefania | Corporate Secretary | 250 | $18K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
3 purchases, $165K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-02 | Pittas Aristeidis P | Director | 1,050 | $75K | 71.07 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-27 | Pittas Aristeidis P | Director | 750 | $57K | 75.86 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11 | Pittas Aristeidis P | Director | 500 | $34K | 67.18 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 90.75 (low 85, high 95).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | Freedom Broker | Initiated | Buy | $93 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +25.8% | +253.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +25.9% | +28.8% |
| Volatility (annualized) | 42.3% | 46.6% |
| Max drawdown | -15.8% (Jul 2026→Oct 2026) | -47.0% (Nov 2021→Mar 2023) |

## Peers (Marine Shipping)
CCEC (Capital Clean Energy Carriers C) USD 20.27 +0.15% · CMRE (Costamare Inc.) USD 14.02 -0.92% · SFL (SFL Corporation Ltd) USD 12.66 +2.59% · HOS (Hornbeck Offshore Services, Inc) USD 7.1 +8.07% · NMM (Navios Maritime Partners LP) USD 89.37 +1.23% · SBLK (Star Bulk Carriers Corp.) USD 28.98 +1.15%

## More
Full page: https://nexqual.com/ESEA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ESEA's own 20-F filed 2026-04-29 (https://www.sec.gov/Archives/edgar/data/1341170/000117184326002807/esea20251231_20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Eurobulk | "Our Chief Executive Officer, Chief Financial Officer, Chief Administrative Officer and Secretary are not employed directly by us, but rather their services are provided pursuant to our Master Management Agreement with Eu…" |
| Partner | Friends Investment Company | "We have entered into a registration rights agreement with Friends, pursuant to which we granted Friends the right, under certain circumstances and subject to certain restrictions, to require us to register under the Secu…" |

Other companies that name ESEA in their own reports (relationship from ESEA's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Euroholdings Ltd. (EHLD) | 20-F 2026-04-30 | "The Company's vessel owning companies are parties to individual shipmanagement agreements with the Managers (see Note 1) which are controlled by members of the Latsis and Pittas families, whereby the …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.11 | $4.13 | -0.5% | $56.8M | 2 |
| Next quarter (ends 2026-12-31) | $3.37 | $4.17 | -19.2% | $53.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $16.86 | $17.24 | -2.2% | $223.1M | 2 |
| Next fiscal year (ends 2027-12-31) | $17.34 | $14.79 | +17.2% | $231.9M | 2 |