TOP Ships Inc. (TOPS) News
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TOPS News Highlights
- TOPS's 30 day story count now stands at 4.
- Over the past 10 days, the trend for TOPS's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- The most mentioned tickers in articles about TOPS are TOP, DEC and ECO.
Latest TOPS News From Around the Web
Below are the latest news stories about TOP SHIPS INC that investors may wish to consider to help them evaluate TOPS as an investment opportunity.
Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... |
TOP Ships Announces Share Repurchase ProgramATHENS, 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. The Company’s Board of Directors (the “Board”) today authorized a share repurchase program under which the Company may repurchase up to $4 million of its outstanding common shares, representing approximately 5.2% of the Company’s market capitalization as of Dec |
Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 MillionATHENS, 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-annou |
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 CompanyATHENS, 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. Following this issuance, as of the date hereof, the total number of common shares o |
TOP Ships Inc. Announces Extension of Time Charter Employment for Two VLCC TankersATHENS, Greece, Nov. 22, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has agreed to extend the time charter employment contracts of its two VLCC vessels, M/T Julius Caesar and M/T Legio X Equestris, at an increased rate. Specifically, the firm period will be extended for approximately 3 years at a daily rate of $41,500 per vessel with two additional years at the |
Top Ships Inc. Announces Compliance with NASDAQ Minimum Bid Price RequirementATHENS, Greece, Oct. 16, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2). About TOP Ships Inc. TOP Ships Inc. is an international owner and operator of modern, fuel efficient eco tanker vessels focusing on the tr |
Tide turning against ‘hyper-dilutive’ shipping stock salesInvestors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building. The post Tide turning against ‘hyper-dilutive’ shipping stock sales appeared first on FreightWaves. |
Calculating The Intrinsic Value Of Top Ships Inc. (NASDAQ:TOPS)Key Insights The projected fair value for Top Ships is US$7.56 based on 2 Stage Free Cash Flow to Equity Top Ships... |
TOP Ships Announces Reverse Stock SplitATHENS, Greece, Sept. 28, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”), announced today that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company’s Annual Meeting of Shareholders held on September 5, 2022. The reverse stock split is e |
TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97ATHENS, Greece, Aug. 04, 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 following the release of the Company’s financial results for the period ended June 30, 2023 the management estimates the company’s Net Asset Value (“NAV”), as of June 30, 2023 to be $285.3 million. This translates into an NAV of $14.02 per common share (based on number of common shar |