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Top Ships Inc - TOPS STOCK NEWS

Welcome to our dedicated news page for Top Ships (Ticker: TOPS), a resource for investors and traders seeking the latest updates and insights on Top Ships.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Top Ships's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Top Ships's position in the market.

News
TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC
Rhea-AI Summary
TOP Ships Inc. announces the transfer of its common shares listing from Nasdaq to NYSE American starting April 24, 2024. The company's shares will continue to trade on Nasdaq until April 23, 2024, with no impact on investors. Evangelos Pistiolis, the CEO, expresses excitement for the move, expecting increased shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
none
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News
Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F
Rhea-AI Summary
TOP Ships Inc. files its annual report on Form 20-F with the SEC for the year ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.78%
Tags
none
-
News
TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party
Rhea-AI Summary
TOP Ships Inc. announced the refinancing of several tanker vessels through sale and leaseback financing agreements with Chinese financiers. The proceeds were used to fully redeem the Company’s outstanding Series F perpetual preferred shares, leading to significant cashflow savings. The redemption was approved by the independent members of the board of directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
News
TOP Ships Announces Share Repurchase Program
Rhea-AI Summary
TOP Ships Inc. (TOPS) announces a share repurchase program, authorizing the repurchase of up to $4 million of its outstanding common shares, representing approximately 5.2% of the company’s market capitalization as of December 13, 2023, for a period of three months. The Board may extend the program's term or increase the authorized amount. The Company may repurchase shares through privately negotiated or open-market transactions, subject to applicable securities laws and regulations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.85%
Tags
buyback
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News
Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million
Rhea-AI Summary
TOP Ships Inc. (NASDAQ:TOPS) announces increase in net asset value to $344 million as of December 12, 2023, translating to $74.36 per common share. Gross revenue backlog for firm time charter period increases to $400 million. Board of Directors considering shareholder-friendly measures, including a share buyback plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
none
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News
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
Rhea-AI Summary
TOP Ships Inc. (NASDAQ:TOPS) announced the issuance of 2,930,718 common shares following the conversion of 100% of the Series E preferred shares held by the CEO's family trust. The CEO and family trust now own 73.0% of the outstanding common shares. The CEO also acquired 446,030 common shares in open-market purchases, expressing commitment and support to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.97%
Tags
none
News
TOP Ships Inc. Announces Extension of Time Charter Employment for Two VLCC Tankers
Rhea-AI Summary
TOP Ships Inc. (TOPS) has extended the time charter employment contracts of its two VLCC vessels, M/T Julius Caesar and M/T Legio X Equestris, at an increased rate. 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 charterer’s option.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.27%
Tags
none
-
News
TOP Ships Announces Reverse Stock Split
Rhea-AI Summary
TOP Ships Inc. announces a 1-for-12 reverse stock split, reducing outstanding shares from 20.3 million to 1.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1041.94%
Tags
none
-
News
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 $4.97
Rhea-AI Summary
Top Ships estimates its Net Asset Value (NAV) as of June 30, 2023 to be $285.3 million, with an NAV of $14.02 per common share and $4.97 per common share on a fully diluted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.82%
Tags
none
News
Top Ships Announces Profit of $5.8 Million and an EPS of $0.13 for the 1st Half of 2023 Marking its Fifth Consecutive Profitable Six-Month Period
Rhea-AI Summary
TOP Ships Inc. announced unaudited financial results for the six months ended June 30, 2023. The company reported total revenues of $41.1 million, net income of $5.8 million, and EPS of $0.13. They also reported EBITDA of $23.4 million and total assets of $446.2 million. The company has a modern tanker fleet with an average age of less than three years and a substantial charter backlog.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
none
Stock TOPS logo
Top Ships Inc

Nasdaq:TOPS

TOPS Rankings

#4637 Ranked by Market Cap
#5447 Ranked by Stock Gains
N/A Ranked by Dividends

TOPS Stock Data

60.79M
959.01k
74.8%
5.71%
1.95%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Greece
Athina

About TOPS

top ships inc. owns and operates tanker vessels worldwide. the company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. as of december 31, 2019, it had a fleet with a total capacity of 714,000 deadweight tonnes (dwt) consisting of eight 50,000 dwt product/chemical tankers, such as the m/t stenaweco energy, m/t stenaweco evolution, m/t nord valiant, m/t stenaweco excellence, the m/t eco california, the m/t eco marina del ray, the m/t eco los angeles, and the m/t eco city of angels; and two 157,000 dwt suezmax tankers, including the m/t eco bel air and m/t eco beverly hills. the company was formerly known as top tankers inc. and changed its name to top ships inc. in december 2007. top ships inc. was founded in 2000 and is based in maroussi, greece.