11,740 Shares in Okeanis Eco Tankers Corp. $ECO Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 11,740 shares of the company’s stock, valued at approximately $344,000.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Okeanis Eco Tankers by 5.4% in the third quarter. SG Americas Securities LLC now owns 443,695 shares of the company’s stock worth $12,987,000 after acquiring an additional 22,906 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company’s stock valued at $3,328,000 after acquiring an additional 54,528 shares during the period. Semmax Financial Advisors Inc. increased its stake in shares of Okeanis Eco Tankers by 8.2% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 132,545 shares of the company’s stock worth $2,880,000 after purchasing an additional 10,016 shares during the last quarter. Lighthouse Investment Partners LLC increased its stake in shares of Okeanis Eco Tankers by 13.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company’s stock worth $1,017,000 after purchasing an additional 5,558 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $613,000.

Okeanis Eco Tankers Stock Up 1.3%

ECO opened at $49.20 on Wednesday. Okeanis Eco Tankers Corp. has a 12 month low of $17.91 and a 12 month high of $57.29. The company has a quick ratio of 3.16, a current ratio of 3.41 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average of $42.32 and a 200 day moving average of $35.88.

Okeanis Eco Tankers (NYSE:ECO) last issued its earnings results on Wednesday, February 18th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.48. The business had revenue of $91.33 million for the quarter, compared to analysts’ expectations of $98.45 million. Okeanis Eco Tankers had a net margin of 31.40% and a return on equity of 26.63%. Equities analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, March 3rd were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $0.75. Okeanis Eco Tankers’s dividend payout ratio is presently 165.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on ECO. Wall Street Zen raised Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings upgraded Okeanis Eco Tankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. B. Riley Financial upped their price target on Okeanis Eco Tankers from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Zacks Research upgraded Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Clarkson Capital raised Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 price objective for the company in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $43.35.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.