TOP Ships
TOPS
Market cap $41.4M

8.95 USD

+0.00

0.00%

Updated Oct 22, 10:17 AM EDT

1 day

0.00%

5 days

0.00%

1 month

4.07%

3 months

-13.44%

6 months

-28.91%

Year to date

-42.66%

1 year

27.49%

5 years

-99.96%

About: TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. The Company is an international provider of worldwide oil, petroleum products and chemical transportation services. It generates revenue from the Time Charter agreements.

Employees: 178

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

11% more funds holding

Funds holding: 9 [Q1] → 10 (+1) [Q2]

0.03% more ownership

Funds ownership: 0.81% [Q1] → 0.84% (+0.03%) [Q2]

19% less capital invested

Capital invested by funds: $528K [Q1] → $429K (-$98.8K) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for TOPS.

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Financial journalist opinion

Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates and Revenue of $100 Million

ATHENS, Greece, July 25, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NYSE: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiaries which own M/T Eco Yosemite Park and M/T Eco Joshua Park entered into agreements with their current charterers to extend their time charter employment at higher rates.

Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates and Revenue of $100 Million

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TOP Ships Inc. Announces Commencement of Time Charter at Very Strong Rate an Increase of 36% Over Previous Time Charter

ATHENS, Greece, May 02, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NYSE: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has commenced its previously announced time charter employment contract with a high-quality counterparty for its product/chemical tanker M/T Eco Marina Del Rey. The new time charter will have a firm duration of 3 years with an additional year at the charterer's option.

TOP Ships Inc. Announces Commencement of Time Charter at Very Strong Rate an Increase of 36% Over Previous Time Charter

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ: TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it will transfer the listing of its common shares from the Nasdaq Capital Market (“Nasdaq”) to the NYSE American LLC (“NYSE American”). The Company expects to commence trading as a NYSE American-listed company at market open on April 24, 2024 under its existing ticker symbol, “TOPS.” The Company's shares will continue to trade on the Nasdaq until the market close on April 23, 2024, beginning trading on the NYSE American at market open on the next trading day without interruption or impact to investors. Company investors are not required to take any action.

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F

ATHENS, Greece, April 01, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company's website, www.topships.org, or on the website of the Commission, www.sec.gov.

Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F

TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party

ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has entered into five sale and leaseback financing agreements (the “Financing Agreements”) with three major Chinese financiers for the refinancing of two 157,000 dwt Suezmax tankers, the M/Ts Eco West Coast and Eco Malibu (already concluded), two 300,000 dwt VLCC tankers, the M/Ts Julius Caesar and Legio X Equestris (already concluded) and one 50,000 dwt MR product tanker, the M/T Eco Marina Del Ray (expected to be concluded between March and May of 2024).

TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party

TOP Ships Announces Share Repurchase Program

ATHENS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today a share repurchase program.

TOP Ships Announces Share Repurchase Program

Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million

ATHENS, Greece, Dec. 12, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that after taking into account the most recent charter free vessel value estimates from a third party international broker, debt outstanding and cash, management estimates the Company's net asset value (“NAV”) as of December 12, 2023 to be $344 million, increased from the previously-announced estimate of $285 million as of June 30, 2023. This translates into a NAV of $74.36 per common share (based on number of common shares currently outstanding) and $61.15 per common share on a fully diluted basis (assuming exercise of all the 1,488,478 outstanding warrants for cash).

Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million

TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73% Via Full Conversion of Preferred Shares and Open-Market Purchases Demonstrating the CEO'S Commitment to the Company

ATHENS, Greece, Dec. 07, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has issued 2,930,718 common shares pursuant to an exercise notice for the conversion of 100% of the Series E preferred shares held by a trust for the benefit of family members of the Company's CEO.

TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73% Via Full Conversion of Preferred Shares and Open-Market Purchases Demonstrating the CEO'S Commitment to the Company

Top Ships stock price is soaring but dilution risks remain

Top Ships (NASDAQ: TOPS) stock price has bounced back this month after it regained Nasdaq listing compliance. The once-popular stock has risen to $9.65, its highest point since August 23rd.

Top Ships stock price is soaring but dilution risks remain

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