Walleye Capital LLC Invests $1.14 Million in Okeanis Eco Tankers Corp. (NYSE:ECO)

Walleye Capital LLC acquired a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,821 shares of the company's stock, valued at approximately $1,144,000. Walleye Capital LLC owned approximately 0.17% of Okeanis Eco Tankers at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Okeanis Eco Tankers by 70.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after buying an additional 209,260 shares during the last quarter. Boston Partners bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth approximately $1,231,000. Jane Street Group LLC acquired a new position in Okeanis Eco Tankers in the third quarter valued at approximately $206,000. FIL Ltd raised its position in shares of Okeanis Eco Tankers by 1.3% during the 4th quarter. FIL Ltd now owns 611,929 shares of the company's stock valued at $12,439,000 after acquiring an additional 8,053 shares during the last quarter. Finally, Aristides Capital LLC bought a new position in shares of Okeanis Eco Tankers in the 4th quarter worth $227,000.

Okeanis Eco Tankers Trading Up 1.8 %

NYSE:ECO traded up $0.41 during trading hours on Friday, hitting $23.17. The stock had a trading volume of 32,671 shares, compared to its average volume of 140,357. The business's 50 day moving average is $21.43 and its 200-day moving average is $23.37. The company has a market cap of $746.00 million, a price-to-earnings ratio of 6.87 and a beta of 0.04. Okeanis Eco Tankers Corp. has a one year low of $17.91 and a one year high of $36.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64.

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

Okeanis Eco Tankers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 41.42%.

Analyst Ratings Changes

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

Okeanis Eco Tankers Company Profile

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.