Boston Partners Purchases New Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Boston Partners purchased a new stake in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 57,889 shares of the company's stock, valued at approximately $1,231,000. Boston Partners owned approximately 0.18% of Okeanis Eco Tankers at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of Okeanis Eco Tankers in the 3rd quarter valued at $1,169,000. BNP Paribas Financial Markets boosted its stake in shares of Okeanis Eco Tankers by 409.9% during the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company's stock valued at $661,000 after purchasing an additional 16,280 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Okeanis Eco Tankers during the third quarter worth about $206,000. Public Employees Retirement System of Ohio acquired a new position in shares of Okeanis Eco Tankers in the third quarter valued at approximately $383,000. Finally, Wexford Capital LP raised its holdings in Okeanis Eco Tankers by 7.1% in the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company's stock valued at $728,000 after buying an additional 1,472 shares during the last quarter.

Okeanis Eco Tankers Trading Up 0.4 %

Shares of NYSE ECO traded up $0.09 during trading on Wednesday, reaching $22.54. The company had a trading volume of 142,974 shares, compared to its average volume of 128,881. The company's fifty day moving average price is $22.95 and its 200-day moving average price is $25.20. Okeanis Eco Tankers Corp. has a 12 month low of $18.79 and a 12 month high of $36.69. The stock has a market cap of $725.59 million, a P/E ratio of 6.67 and a beta of 0.57. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

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Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The company had revenue of $85.19 million for the quarter, compared to analyst estimates of $82.46 million. As a group, research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 41.42%.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th.

About Okeanis Eco Tankers

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.