52,657 Shares in CMB.TECH nv $CMBT Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of CMB.TECH nv (NYSE:CMBT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,657 shares of the company’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMBT. Folketrygdfondet bought a new stake in CMB.TECH during the 3rd quarter valued at $51,651,000. Vanguard Group Inc. grew its position in shares of CMB.TECH by 3,042.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock worth $40,701,000 after buying an additional 4,107,637 shares in the last quarter. Citigroup Inc. increased its stake in shares of CMB.TECH by 20,049.4% during the third quarter. Citigroup Inc. now owns 482,579 shares of the company’s stock valued at $4,638,000 after buying an additional 480,184 shares during the period. Graham Capital Wealth Management LLC purchased a new position in shares of CMB.TECH during the third quarter valued at $3,012,000. Finally, Norges Bank bought a new stake in shares of CMB.TECH in the second quarter valued at about $2,847,000.

CMB.TECH Price Performance

CMBT opened at $13.08 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. CMB.TECH nv has a 12 month low of $7.65 and a 12 month high of $14.93. The stock has a fifty day moving average price of $12.27 and a 200-day moving average price of $10.51.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%. The company had revenue of $639.98 million for the quarter, compared to the consensus estimate of $449.43 million.

CMB.TECH Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is currently 10.77%.

Analyst Upgrades and Downgrades

CMBT has been the subject of a number of research reports. Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Pareto Securities raised shares of CMB.TECH to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. 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 data from MarketBeat.com, the company currently has an average rating of “Buy”.

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.