Moors & Cabot Inc. Sells 1,832 Shares of Civeo Co. (NYSE:CVEO)

Moors & Cabot Inc. cut its position in shares of Civeo Co. (NYSE:CVEO) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,890 shares of the business services provider’s stock after selling 1,832 shares during the quarter. Moors & Cabot Inc. owned 0.18% of Civeo worth $566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVEO. Quantbot Technologies LP bought a new stake in Civeo during the 3rd quarter worth about $68,000. SG Americas Securities LLC raised its holdings 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 in the last quarter. State Street Corp bought a new stake in Civeo during the third quarter worth about $222,000. XTX Topco Ltd acquired a new position in Civeo during the third quarter valued at approximately $231,000. Finally, OFI Invest Asset Management bought a new position in Civeo in the fourth quarter valued at approximately $878,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

Civeo Stock Performance

Shares of CVEO opened at $20.56 on Friday. The company has a market cap of $280.74 million, a PE ratio of 14.69 and a beta of 2.03. The firm has a 50-day moving average of $23.71 and a 200-day moving average of $25.00. Civeo Co. has a one year low of $20.26 and a one year high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.

Civeo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Monday, February 24th. Civeo’s dividend payout ratio (DPR) is presently -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.