Okeanis Eco Tankers (NYSE:ECO) Shares Gap Down - Here's What Happened

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $23.49, but opened at $22.66. Okeanis Eco Tankers shares last traded at $22.82, with a volume of 50,727 shares trading hands.

Okeanis Eco Tankers Stock Down 1.8%

The firm's fifty day moving average is $23.25 and its two-hundred day moving average is $22.42. The firm has a market cap of $705.28 million, a price-to-earnings ratio of 8.83 and a beta of -0.08. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.65 and a quick ratio of 1.28.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. The company had revenue of $48.60 million for the quarter, compared to the consensus estimate of $46.91 million. Okeanis Eco Tankers had a net margin of 22.05% and a return on equity of 18.89%. On average, sell-side analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a yield of 9.52%. Okeanis Eco Tankers's dividend payout ratio (DPR) is 51.61%.

Institutional Trading of Okeanis Eco Tankers

A number of large investors have recently added to or reduced their stakes in ECO. Goldman Sachs Group Inc. lifted its position in shares of Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock valued at $3,328,000 after acquiring an additional 54,528 shares during the last quarter. Semmax Financial Advisors Inc. raised its position in shares of Okeanis Eco Tankers by 210.9% during the first quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock worth $2,906,000 after purchasing an additional 83,122 shares during the period. Energy Income Partners LLC lifted its holdings in shares of Okeanis Eco Tankers by 84.6% during the first quarter. Energy Income Partners LLC now owns 51,189 shares of the company's stock valued at $1,131,000 after purchasing an additional 23,452 shares during the last quarter. Boston Partners boosted its position in shares of Okeanis Eco Tankers by 23.9% in the 1st quarter. Boston Partners now owns 71,731 shares of the company's stock valued at $1,585,000 after purchasing an additional 13,842 shares during the period. Finally, Triumph Capital Management acquired a new position in shares of Okeanis Eco Tankers in the 1st quarter valued at $440,000.

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.