Graham Capital Wealth Management LLC Invests $3.01 Million in CMB.TECH nv $CMBT

Graham Capital Wealth Management LLC acquired a new position in shares of CMB.TECH nv (NYSE:CMBT) in the third quarter, HoldingsChannel reports. The institutional investor acquired 320,722 shares of the company’s stock, valued at approximately $3,012,000. CMB.TECH comprises 3.1% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 8th largest position.

A number of other institutional investors also recently modified their holdings of CMBT. Raymond James Financial Inc. bought a new stake in CMB.TECH in the 2nd quarter valued at about $27,000. Legal & General Group Plc raised its holdings in shares of CMB.TECH by 221.3% during the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after buying an additional 4,497 shares in the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of CMB.TECH in the second quarter worth about $98,000. Blue Trust Inc. boosted its position in CMB.TECH by 142.0% in the third quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock valued at $115,000 after buying an additional 7,186 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of CMB.TECH during the 3rd quarter valued at $122,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMBT shares. Pareto Securities raised shares of CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. Weiss Ratings raised shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut CMB.TECH from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

CMB.TECH Stock Performance

Shares of NYSE CMBT opened at $13.46 on Thursday. The stock’s 50 day moving average price is $11.20 and its 200-day moving average price is $10.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.61 and a current ratio of 0.73. CMB.TECH nv has a twelve month low of $7.65 and a twelve month high of $13.73.

CMB.TECH (NYSE:CMBT) last announced its earnings results on Wednesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). CMB.TECH had a net margin of 12.64% and a return on equity of 4.28%. The business had revenue of $460.80 million for the quarter, compared to analysts’ expectations of $393.37 million.

CMB.TECH Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, January 7th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. CMB.TECH’s dividend payout ratio (DPR) is currently 8.54%.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.