Shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw strong trading volume on Friday . 139,240 shares changed hands during mid-day trading, an increase of 56% from the previous session's volume of 89,389 shares.The stock last traded at $21.24 and had previously closed at $20.91.
Okeanis Eco Tankers Trading Up 0.5 %
The firm has a 50 day moving average of $23.46 and a 200 day moving average of $28.79. The firm has a market cap of $676.72 million and a PE ratio of 5.79. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48.
Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.36. The firm had revenue of $84.93 million for the quarter, compared to analysts' expectations of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. Equities analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.
Okeanis Eco Tankers Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a yield of 8.56%. Okeanis Eco Tankers's dividend payout ratio is 48.48%.
Institutional Investors Weigh In On Okeanis Eco Tankers
Several institutional investors have recently made changes to their positions in the stock. Wexford Capital LP boosted its position in shares of Okeanis Eco Tankers by 7.1% in the third quarter. Wexford Capital LP now owns 22,204 shares of the company's stock valued at $728,000 after acquiring an additional 1,472 shares during the period. Jane Street Group LLC purchased a new position in shares of Okeanis Eco Tankers during the 3rd quarter valued at $206,000. Marshall Wace LLP bought a new position in shares of Okeanis Eco Tankers in the second quarter worth $247,000. PDT Partners LLC raised its holdings in shares of Okeanis Eco Tankers by 61.5% in the 3rd quarter. PDT Partners LLC now owns 20,254 shares of the company's stock valued at $663,000 after acquiring an additional 7,715 shares in the last quarter. Finally, BBR Partners LLC purchased a new stake in Okeanis Eco Tankers in the third quarter valued at approximately $326,000.
Okeanis Eco Tankers Company Profile
(
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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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