Vident Advisory LLC Decreases Stake in CMB.TECH nv $CMBT

Key Points

• Vident Advisory LLC reduced its stake in CMB.TECH nv by 38.3%, selling 43,394 shares and retaining 69,842 shares valued at $634,000.
• CMB.TECH reported earnings of $0.04 per share, missing the consensus estimate of $0.14, despite achieving revenues of $387.81 million.
• The company announced a special dividend of $0.05 to be paid on October 9th to stockholders of record on October 2nd.

Vident Advisory LLC reduced its stake in CMB.TECH nv (NYSE:CMBT - Free Report) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,842 shares of the company's stock after selling 43,394 shares during the period. Vident Advisory LLC's holdings in CMB.TECH were worth $634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming bought a new stake in shares of CMB.TECH during the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. boosted its stake in shares of CMB.TECH by 27.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company's stock worth $63,000 after acquiring an additional 1,496 shares during the last quarter. Millennium Management LLC bought a new stake in shares of CMB.TECH during the 4th quarter valued at $144,000. XTX Topco Ltd bought a new stake in shares of CMB.TECH during the 1st quarter valued at $147,000. Finally, Bank of America Corp DE bought a new stake in shares of CMB.TECH during the 4th quarter valued at $553,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of CMB.TECH from a "hold" rating to a "sell" rating in a report on Saturday, August 9th.

CMB.TECH Stock Down 0.8%

Shares of NYSE CMBT traded down $0.08 during trading hours on Thursday, hitting $9.40. 2,044,872 shares of the stock were exchanged, compared to its average volume of 4,363,547. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 1.98. CMB.TECH nv has a 12 month low of $7.65 and a 12 month high of $17.60. The company has a market cap of $1.83 billion, a PE ratio of 7.58 and a beta of 0.04. The firm has a fifty day moving average price of $9.02 and a 200-day moving average price of $9.10.

CMB.TECH (NYSE:CMBT - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). CMB.TECH had a net margin of 22.69% and a return on equity of 6.02%. The business had revenue of $387.81 million during the quarter, compared to analysts' expectations of $259.00 million.

CMB.TECH Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, October 2nd will be given a $0.05 dividend. The ex-dividend date is Thursday, October 2nd.

CMB.TECH Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.