RBF Capital LLC Sells 18,856 Shares of Civeo Co. (NYSE:CVEO)

RBF Capital LLC lessened its stake in Civeo Co. (NYSE:CVEO - Free Report) by 23.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,039 shares of the business services provider's stock after selling 18,856 shares during the period. RBF Capital LLC owned 0.44% of Civeo worth $1,364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. TCW Group Inc. boosted its holdings in Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock worth $17,727,000 after buying an additional 31,157 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Civeo by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock valued at $14,987,000 after acquiring an additional 20,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Civeo by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock worth $11,756,000 after purchasing an additional 35,648 shares during the last quarter. American Century Companies Inc. increased its position in shares of Civeo by 15.9% in the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after acquiring an additional 54,532 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Civeo by 63.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock valued at $3,865,000 after acquiring an additional 66,097 shares during the last quarter. Institutional investors and hedge funds own 81.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Civeo from $30.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. StockNews.com downgraded Civeo from a "buy" rating to a "hold" rating in a research report on Monday, March 31st.

Civeo Price Performance

NYSE CVEO traded down $0.24 during trading on Monday, hitting $19.91. 12,755 shares of the company's stock were exchanged, compared to its average volume of 100,847. The company has a market cap of $269.69 million, a PE ratio of 14.22 and a beta of 1.54. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average price is $21.86 and its two-hundred day moving average price is $23.47. Civeo Co. has a fifty-two week low of $18.99 and a fifty-two week high of $28.92.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 5.02%. Civeo's dividend payout ratio is currently -80.00%.

Civeo Company Profile

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.