Okeanis Eco Tankers Corp. (NYSE:ECO) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC trimmed its holdings in shares of Okeanis Eco Tankers Corp. (NYSE:ECO - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,884 shares of the company's stock after selling 18,006 shares during the quarter. Lighthouse Investment Partners LLC owned approximately 0.15% of Okeanis Eco Tankers worth $997,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ECO. Boston Partners purchased a new position in Okeanis Eco Tankers during the fourth quarter valued at approximately $1,231,000. Arrowstreet Capital Limited Partnership increased 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 during the period. Wells Fargo & Company MN acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $78,000. Aristides Capital LLC acquired a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $227,000. Finally, FIL Ltd boosted its stake in Okeanis Eco Tankers by 1.3% in the fourth quarter. FIL Ltd now owns 611,929 shares of the company's stock valued at $12,439,000 after acquiring an additional 8,053 shares in the last quarter.

Okeanis Eco Tankers Stock Down 2.9%

ECO traded down $0.72 during trading on Tuesday, hitting $23.88. The stock had a trading volume of 26,840 shares, compared to its average volume of 146,015. The company has a market capitalization of $768.79 million, a PE ratio of 7.07 and a beta of -0.05. Okeanis Eco Tankers Corp. has a twelve month low of $17.91 and a twelve month high of $36.69. 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 stock has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $22.46.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.12. The company had revenue of $48.60 million during the quarter, compared to the consensus estimate of $46.91 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. On average, research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 5.86%. Okeanis Eco Tankers's dividend payout ratio (DPR) is 51.61%.

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.