Mad River Investors Has $5.59 Million Stock Holdings in Civeo Co. (NYSE:CVEO)

Mad River Investors decreased its holdings in shares of Civeo Co. (NYSE:CVEO - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,746 shares of the business services provider's stock after selling 80,743 shares during the quarter. Civeo makes up approximately 5.2% of Mad River Investors' holdings, making the stock its 4th biggest holding. Mad River Investors owned 1.66% of Civeo worth $5,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Marshall Wace LLP grew its position in Civeo by 7.7% in the 3rd quarter. Marshall Wace LLP now owns 12,429 shares of the business services provider's stock worth $312,000 after purchasing an additional 890 shares during the last quarter. Bank of America Corp DE grew its holdings in Civeo by 466.5% in the 4th quarter. Bank of America Corp DE now owns 1,082 shares of the business services provider's stock worth $34,000 after buying an additional 891 shares in the last quarter. Quadrature Capital Ltd increased its position in Civeo by 8.6% in the 2nd quarter. Quadrature Capital Ltd now owns 14,360 shares of the business services provider's stock valued at $279,000 after acquiring an additional 1,135 shares during the period. Acadian Asset Management LLC raised its stake in Civeo by 33.2% during the 1st quarter. Acadian Asset Management LLC now owns 5,387 shares of the business services provider's stock valued at $124,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Civeo during the 3rd quarter worth $30,000. Institutional investors own 81.44% of the company's stock.

Civeo Stock Performance

Shares of CVEO traded down $0.10 during trading hours on Wednesday, reaching $26.97. 38,367 shares of the company's stock traded hands, compared to its average volume of 61,981. Civeo Co. has a twelve month low of $17.87 and a twelve month high of $28.00. The business's fifty day simple moving average is $24.24 and its two-hundred day simple moving average is $22.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.47. The firm has a market capitalization of $395.35 million, a price-to-earnings ratio of 13.22 and a beta of 2.17.

Civeo (NYSE:CVEO - Get Free Report) last released its earnings results on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.33. Civeo had a net margin of 4.30% and a return on equity of 2.69%. The firm had revenue of $170.80 million for the quarter, compared to analysts' expectations of $151.12 million. Analysts predict that Civeo Co. will post 0.11 earnings per share for the current year.

Civeo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 annualized dividend and a yield of 3.71%. Civeo's payout ratio is 49.02%.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.