Boston Partners Takes $1.23 Million Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Boston Partners purchased a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

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

Okeanis Eco Tankers Stock Down 3.5 %

Shares of NYSE ECO opened at $22.67 on Friday. Okeanis Eco Tankers Corp. has a 1 year low of $18.79 and a 1 year high of $36.69. The firm’s 50-day moving average is $23.04 and its 200-day moving average is $25.33. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $729.77 million, a PE ratio of 6.71 and a beta of 0.57.

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

Okeanis Eco Tankers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 6.18%. Okeanis Eco Tankers’s dividend payout ratio is presently 41.42%.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target 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.