Topline Capital Management LLC Takes $4.66 Million Position in Civeo Co. (NYSE:CVEO)

Topline Capital Management LLC purchased a new position in shares of Civeo Co. (NYSE:CVEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 205,246 shares of the business services provider's stock, valued at approximately $4,663,000. Civeo accounts for approximately 0.9% of Topline Capital Management LLC's investment portfolio, making the stock its 22nd largest position. Topline Capital Management LLC owned 1.49% of Civeo as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CVEO. JPMorgan Chase & Co. lifted its holdings in Civeo by 4.8% during the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock worth $448,000 after purchasing an additional 894 shares during the last quarter. SG Americas Securities LLC increased its position in Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after acquiring an additional 1,950 shares during the period. LPL Financial LLC boosted its holdings in Civeo by 11.1% in the 4th quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after purchasing an additional 2,575 shares during the period. Empowered Funds LLC increased its holdings in shares of Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock worth $2,289,000 after purchasing an additional 4,885 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Civeo by 12.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,940 shares of the business services provider's stock valued at $1,362,000 after buying an additional 6,723 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Price Performance

Shares of Civeo stock traded down $0.49 during midday trading on Wednesday, hitting $19.60. 127,021 shares of the company traded hands, compared to its average volume of 66,635. The stock has a market cap of $265.56 million, a price-to-earnings ratio of 14.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm's fifty day moving average price is $21.58 and its 200-day moving average price is $23.39. Civeo Co. has a 12 month low of $18.01 and a 12 month high of $28.92.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.19). Civeo had a return on equity of 0.11% and a net margin of 3.00%. As a group, sell-side analysts forecast that Civeo Co. will post -0.58 earnings per share for the current year.

Civeo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Monday, February 24th. Civeo's dividend payout ratio (DPR) is currently -80.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CVEO shares. StockNews.com cut Civeo from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. Stifel Nicolaus reduced their price target on shares of Civeo from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Civeo 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.