Aristides Capital LLC Invests $227,000 in Okeanis Eco Tankers Corp. (NYSE:ECO)

Aristides Capital LLC purchased a new stake in Okeanis Eco Tankers Corp. (NYSE:ECO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,700 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Okeanis Eco Tankers by 70.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company’s stock worth $10,579,000 after purchasing an additional 209,260 shares during the period. Boston Partners purchased a new stake in Okeanis Eco Tankers during the fourth quarter worth about $1,231,000. Quadrature Capital Ltd acquired a new position in Okeanis Eco Tankers during the third quarter worth about $1,169,000. BNP Paribas Financial Markets increased its holdings in Okeanis Eco Tankers by 409.9% in the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock valued at $661,000 after buying an additional 16,280 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Okeanis Eco Tankers during the 3rd quarter valued at approximately $383,000.

Okeanis Eco Tankers Stock Performance

NYSE:ECO opened at $18.58 on Monday. 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 company has a market capitalization of $598.00 million, a P/E ratio of 5.50 and a beta of 0.04. The firm has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $24.62. Okeanis Eco Tankers Corp. has a twelve month low of $17.26 and a twelve month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. The business had revenue of $85.19 million during 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%. As a group, research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current fiscal 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 paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers’s payout ratio is currently 41.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price target on 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.