Okeanis Eco Tankers (NYSE:ECO) Shares Gap Up - Should You Buy?

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.15, but opened at $23.26. Okeanis Eco Tankers shares last traded at $22.89, with a volume of 93,530 shares trading hands.

Okeanis Eco Tankers Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 1.43. The firm's fifty day moving average is $23.28 and its 200 day moving average is $22.47. The company has a market cap of $746.49 million, a PE ratio of 9.35 and a beta of -0.15.

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 (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.12. The company had revenue of $48.60 million for the quarter, compared to analysts' expectations of $46.91 million. Okeanis Eco Tankers had a net margin of 22.05% and a return on equity of 18.89%. As a group, research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of Okeanis Eco Tankers by 70.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after purchasing an additional 209,260 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Okeanis Eco Tankers during the 1st quarter worth about $4,466,000. Semmax Financial Advisors Inc. raised its holdings in Okeanis Eco Tankers by 210.9% in the 1st quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock valued at $2,906,000 after buying an additional 83,122 shares during the period. Boston Partners purchased a new stake in Okeanis Eco Tankers in the 4th quarter valued at about $1,231,000. Finally, Goldman Sachs Group Inc. lifted its position 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.

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.