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

Aristides Capital LLC purchased a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) in the 4th quarter, Holdings Channel reports. The firm purchased 10,700 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors also recently bought and sold shares of ECO. Wells Fargo & Company MN purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter valued at $78,000. Jane Street Group LLC purchased a new stake in Okeanis Eco Tankers during the third quarter valued at about $206,000. Public Employees Retirement System of Ohio purchased a new stake in Okeanis Eco Tankers during the third quarter valued at about $383,000. BNP Paribas Financial Markets increased its stake in Okeanis Eco Tankers by 409.9% during the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock worth $661,000 after acquiring an additional 16,280 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Okeanis Eco Tankers in the 3rd quarter worth about $1,169,000.

Okeanis Eco Tankers Stock Performance

Shares of ECO stock 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 cap of $598.00 million, a PE ratio of 5.50 and a beta of 0.04. The company’s fifty day simple moving average is $22.62 and its 200-day simple moving average is $24.62. Okeanis Eco Tankers Corp. has a 52 week low of $17.26 and a 52 week high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating 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 company had revenue of $85.19 million for the quarter, compared to analyst estimates of $82.46 million. As a group, equities research analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers’s dividend payout ratio is presently 41.42%.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a research report 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.