BBR Partners LLC Purchases Shares of 10,000 Okeanis Eco Tankers Corp. (NYSE:ECO)

BBR Partners LLC purchased a new stake in Okeanis Eco Tankers Corp. (NYSE:ECO) in the third quarter, Holdings Channel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lighthouse Investment Partners LLC acquired a new stake in Okeanis Eco Tankers in the 2nd quarter valued at about $2,086,000. Acadian Asset Management LLC acquired a new stake in Okeanis Eco Tankers in the 2nd quarter valued at about $370,000. Marshall Wace LLP acquired a new stake in Okeanis Eco Tankers in the 2nd quarter valued at about $247,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Okeanis Eco Tankers during the second quarter valued at about $1,767,000. Finally, Hsbc Holdings PLC lifted its stake in Okeanis Eco Tankers by 123.9% during the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock valued at $5,692,000 after buying an additional 98,528 shares in the last quarter.

Okeanis Eco Tankers Price Performance

ECO stock opened at $22.08 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers Corp. has a one year low of $20.95 and a one year high of $36.69. The firm has a market capitalization of $710.76 million and a PE ratio of 6.08. The firm has a 50-day moving average of $29.07 and a two-hundred day moving average of $30.95.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The company had revenue of $84.93 million during the quarter, compared to analyst estimates of $74.61 million. On average, analysts forecast that Okeanis Eco Tankers Corp. will post 3.19 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio is presently 48.48%.

Okeanis Eco Tankers Profile

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.