25,990 Shares in Okeanis Eco Tankers Corp. (NYSE:ECO) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC purchased a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,990 shares of the company's stock, valued at approximately $527,000. Boothbay Fund Management LLC owned about 0.08% of Okeanis Eco Tankers as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ECO. Jane Street Group LLC purchased a new position in shares of Okeanis Eco Tankers during the third quarter worth about $206,000. Boston Partners purchased a new position in shares of Okeanis Eco Tankers in the 4th quarter valued at approximately $1,231,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Okeanis Eco Tankers by 70.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after purchasing an additional 209,260 shares during the period. Wells Fargo & Company MN acquired a new position in shares of Okeanis Eco Tankers in the fourth quarter valued at approximately $78,000. Finally, Aristides Capital LLC acquired a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth $227,000.

Okeanis Eco Tankers Stock Performance

NYSE:ECO traded up $0.02 during mid-day trading on Tuesday, reaching $24.87. The stock had a trading volume of 43,367 shares, compared to its average volume of 142,833. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. The business has a 50 day simple moving average of $21.59 and a 200 day simple moving average of $22.76. Okeanis Eco Tankers Corp. has a twelve month low of $17.91 and a twelve month high of $36.69. The firm has a market capitalization of $800.79 million, a price-to-earnings ratio of 7.34 and a beta of -0.05.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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 return on equity of 25.40% and a net margin of 27.68%. On average, 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 company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio is currently 41.42%.

Analysts Set New Price Targets

Separately, B. Riley cut their price objective 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.

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.