Boothbay Fund Management LLC Takes Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Boothbay Fund Management LLC purchased a new stake 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 approximately 0.08% of Okeanis Eco Tankers at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Okeanis Eco Tankers by 70.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after buying an additional 209,260 shares in the last quarter. Boston Partners acquired a new stake in Okeanis Eco Tankers in the 4th quarter worth approximately $1,231,000. Walleye Capital LLC bought a new stake in Okeanis Eco Tankers during the fourth quarter worth approximately $1,144,000. Aristides Capital LLC bought a new stake in Okeanis Eco Tankers during the fourth quarter worth approximately $227,000. Finally, FIL Ltd grew its holdings in Okeanis Eco Tankers by 1.3% during the fourth quarter. FIL Ltd now owns 611,929 shares of the company's stock valued at $12,439,000 after purchasing an additional 8,053 shares during the last quarter.

Wall Street Analyst Weigh In

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 research report on Wednesday, January 15th.

Okeanis Eco Tankers Stock Performance

ECO traded up $0.92 on Monday, hitting $24.90. 112,539 shares of the stock traded hands, compared to its average volume of 143,172. The business has a fifty day moving average price of $21.53 and a two-hundred day moving average price of $22.81. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46. Okeanis Eco Tankers Corp. has a 52 week low of $17.91 and a 52 week high of $36.69. The firm has a market capitalization of $801.47 million, a PE ratio of 7.37 and a beta of -0.05.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $85.19 million during the quarter, compared to analyst estimates of $82.46 million. On average, research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.62%. Okeanis Eco Tankers's payout ratio is presently 41.42%.

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.