Barclays PLC cut its position in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 31.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,940 shares of the company's stock after selling 49,385 shares during the quarter. Barclays PLC owned 0.33% of Okeanis Eco Tankers worth $3,458,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Okeanis Eco Tankers during the third quarter valued at approximately $206,000. Marshall Wace LLP bought a new position in shares of Okeanis Eco Tankers in the 2nd quarter valued at $247,000. BBR Partners LLC acquired a new position in shares of Okeanis Eco Tankers during the 3rd quarter worth $326,000. Acadian Asset Management LLC bought a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth $370,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Okeanis Eco Tankers in the third quarter valued at about $383,000.
Okeanis Eco Tankers Price Performance
Okeanis Eco Tankers stock traded up $1.15 during midday trading on Tuesday, reaching $21.57. The company's stock had a trading volume of 213,078 shares, compared to its average volume of 89,025. The stock has a market cap of $694.42 million and a PE ratio of 5.94. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers Corp. has a 52 week low of $18.79 and a 52 week high of $36.69. The business has a 50-day moving average price of $24.32 and a 200-day moving average price of $29.07.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The business had revenue of $84.93 million during the quarter, compared to analysts' expectations of $74.61 million. On average, sell-side analysts predict that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current year.
Okeanis Eco Tankers Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.80 annualized dividend and a yield of 8.34%. Okeanis Eco Tankers's dividend payout ratio is presently 48.48%.
Okeanis Eco Tankers Profile
(
Free Report)
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
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