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

Boston Partners acquired a new stake in Okeanis Eco Tankers Corp. (NYSE:ECO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 57,889 shares of the company’s stock, valued at approximately $1,231,000.

Several other hedge funds have also added to or reduced their stakes in ECO. Jane Street Group LLC bought a new stake in shares of Okeanis Eco Tankers in the third quarter worth about $206,000. BBR Partners LLC bought a new stake in Okeanis Eco Tankers during the 3rd quarter worth approximately $326,000. Public Employees Retirement System of Ohio acquired a new stake in Okeanis Eco Tankers during the 3rd quarter worth approximately $383,000. BNP Paribas Financial Markets lifted its stake 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, PDT Partners LLC boosted its holdings in shares of Okeanis Eco Tankers by 61.5% in the third quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock valued at $663,000 after buying an additional 7,715 shares during the period.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th.

Okeanis Eco Tankers Price Performance

Shares of ECO opened at $22.67 on Friday. The company has a 50 day moving average of $23.04 and a 200-day moving average of $25.33. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $729.77 million, a P/E ratio of 6.71 and a beta of 0.57. Okeanis Eco Tankers Corp. has a twelve month low of $18.79 and a twelve month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The company had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. As a group, equities research analysts forecast that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.18%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 41.42%.

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.