Samalin Investment Counsel LLC Acquires 12,495 Shares of Okeanis Eco Tankers Corp. $ECO

Samalin Investment Counsel LLC acquired a new stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,495 shares of the company’s stock, valued at approximately $1,011,000.

A number of other institutional investors also recently bought and sold shares of ECO. Inspire Investing LLC purchased a new position in Okeanis Eco Tankers in the third quarter worth about $2,339,000. U S Global Investors Inc. purchased a new stake in shares of Okeanis Eco Tankers during the 3rd quarter valued at about $1,000,000. SBI Securities Co. Ltd. increased its position in shares of Okeanis Eco Tankers by 48,800.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 978 shares of the company’s stock valued at $79,000 after purchasing an additional 976 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at about $149,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $1,506,000.

Insider Buying and Selling at Okeanis Eco Tankers

In related news, Director Financial Lp Qvt sold 68,420 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $59.99, for a total transaction of $4,104,515.80. Following the completion of the transaction, the director owned 1,347,038 shares in the company, valued at approximately $80,808,809.62. This represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Okeanis Eco Tankers Price Performance

Shares of Okeanis Eco Tankers stock opened at $94.65 on Monday. The stock has a market cap of $3.70 billion, a P/E ratio of 8.83 and a beta of -0.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.13 and a current ratio of 4.43. The stock’s fifty day moving average is $79.09 and its 200 day moving average is $62.87. Okeanis Eco Tankers Corp. has a one year low of $31.75 and a one year high of $100.68.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $5.91 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $1.30. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%. The business had revenue of $268.14 million during the quarter, compared to analysts’ expectations of $220.28 million. Sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 15.33 earnings per share for the current year.

Okeanis Eco Tankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were paid a $5.25 dividend. This represents a $21.00 dividend on an annualized basis and a dividend yield of 22.2%. This is a positive change from Okeanis Eco Tankers’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, August 14th. Okeanis Eco Tankers’s dividend payout ratio is currently 195.90%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ECO shares. B. Riley Financial raised their price objective on shares of Okeanis Eco Tankers from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Zacks Research lowered shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen raised shares of Okeanis Eco Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Okeanis Eco Tankers from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.85.

Okeanis Eco Tankers Profile

Okeanis Eco Tankers Corp. is a maritime transportation company that owns and operates oceangoing tankers. The company focuses primarily on the transportation of crude oil and refined petroleum products for energy companies, commodity traders and other customers in the global oil industry.

Its fleet consists mainly of large crude carriers, including very large crude carriers (VLCCs) and Suezmax tankers, as well as product tankers designed to transport refined petroleum products. Okeanis Eco Tankers emphasizes fuel efficiency and environmental performance through the use of modern vessels and technologies intended to reduce emissions and operating consumption.

Okeanis Eco Tankers was established in 2018 and is headquartered in Athens, Greece.