Semmax Financial Advisors Inc. Has $2.91 Million Holdings in Okeanis Eco Tankers Corp. $ECO

Key Points

• Semmax Financial Advisors Inc. significantly increased its stake in Okeanis Eco Tankers Corp. by 210.9% in the first quarter, now owning 122,529 shares valued at $2,906,000.
• Okeanis Eco Tankers reported an EPS of $0.83 for the last quarter, exceeding analyst expectations of $0.46, with revenues of $93.95 million.
• The company declared a quarterly dividend of $0.70, marking an increase from the previous dividend amount of $0.32, representing a 9.8% dividend yield.

Semmax Financial Advisors Inc. lifted its stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 210.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,529 shares of the company's stock after buying an additional 83,122 shares during the period. Semmax Financial Advisors Inc. owned about 0.38% of Okeanis Eco Tankers worth $2,906,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ECO. Wells Fargo & Company MN acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter worth $78,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter worth $213,000. Citadel Advisors LLC increased its holdings in shares of Okeanis Eco Tankers by 21.7% during the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after buying an additional 2,340 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Okeanis Eco Tankers in the first quarter worth $440,000. Finally, Bank of America Corp DE grew its stake in shares of Okeanis Eco Tankers by 25.9% in the fourth quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock worth $496,000 after purchasing an additional 4,798 shares during the last quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on ECO. Zacks Research raised shares of Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Jefferies Financial Group began coverage on shares of Okeanis Eco Tankers in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $29.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $34.50.

Okeanis Eco Tankers Trading Up 1.6%

ECO traded up $0.45 during trading on Friday, reaching $29.23. 186,482 shares of the stock traded hands, compared to its average volume of 111,312. The company has a quick ratio of 1.65, a current ratio of 1.96 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $940.91 million, a PE ratio of 13.99 and a beta of -0.09. The stock's 50-day moving average is $25.37 and its 200 day moving average is $23.40. Okeanis Eco Tankers Corp. has a 12 month low of $17.91 and a 12 month high of $35.64.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.37. Okeanis Eco Tankers had a net margin of 19.52% and a return on equity of 15.81%. The firm had revenue of $93.95 million for the quarter, compared to analyst estimates of $56.10 million. Equities analysts anticipate that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.70 per share. This is an increase from Okeanis Eco Tankers's previous quarterly dividend of $0.32. This represents a $2.80 annualized dividend and a dividend yield of 9.6%. The ex-dividend date was Friday, August 22nd. Okeanis Eco Tankers's dividend payout ratio (DPR) is currently 133.97%.

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.