Semmax Financial Advisors Inc. Grows Stock 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. boosted its holdings in Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 210.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,529 shares of the company's stock after buying an additional 83,122 shares during the quarter. Semmax Financial Advisors Inc. owned approximately 0.38% of Okeanis Eco Tankers worth $2,906,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in Okeanis Eco Tankers by 56.8% in the first quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock valued at $3,328,000 after buying an additional 54,528 shares during the last quarter. Energy Income Partners LLC increased its holdings in Okeanis Eco Tankers by 84.6% in the first quarter. Energy Income Partners LLC now owns 51,189 shares of the company's stock valued at $1,131,000 after buying an additional 23,452 shares during the last quarter. Boston Partners increased its holdings in Okeanis Eco Tankers by 23.9% in the first quarter. Boston Partners now owns 71,731 shares of the company's stock valued at $1,585,000 after buying an additional 13,842 shares during the last quarter. Triumph Capital Management purchased a new position in Okeanis Eco Tankers in the first quarter valued at $440,000. Finally, SG Americas Securities LLC purchased a new position in shares of Okeanis Eco Tankers during the first quarter worth about $4,466,000.

Okeanis Eco Tankers Stock Performance

Shares of ECO stock traded up $0.45 during mid-day trading on Friday, hitting $29.23. 186,482 shares of the stock were exchanged, compared to its average volume of 117,070. The stock's fifty day simple moving average is $25.37 and its two-hundred day simple moving average is $23.42. The stock has a market capitalization of $940.91 million, a price-to-earnings ratio of 13.99 and a beta of -0.11. Okeanis Eco Tankers Corp. has a 12-month low of $17.91 and a 12-month high of $35.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.65 and a current ratio of 1.96.

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

Okeanis Eco Tankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors 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 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Friday, August 22nd. Okeanis Eco Tankers's dividend payout ratio is 133.97%.

Wall Street Analysts Forecast Growth

ECO has been the topic of several research reports. Jefferies Financial Group initiated coverage on Okeanis Eco Tankers in a report on Wednesday, July 23rd. They set a "buy" rating and a $29.00 price objective on the stock. Zacks Research raised Okeanis Eco Tankers from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $34.50.

Okeanis Eco Tankers 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.