Okeanis Eco Tankers (NYSE:ECO) Sees Strong Trading Volume – Here’s What Happened

Okeanis Eco Tankers Corp. (NYSE:ECO) saw unusually-strong trading volume on Thursday . Approximately 59,200 shares were traded during trading, a decline of 32% from the previous session’s volume of 86,761 shares.The stock last traded at $19.51 and had previously closed at $19.23.

Okeanis Eco Tankers Stock Performance

The firm has a fifty day moving average of $25.20 and a 200-day moving average of $29.43. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $626.17 million and a price-to-earnings ratio of 5.36.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The firm had revenue of $84.93 million during the quarter, compared to analysts’ expectations of $74.61 million. As a group, sell-side analysts anticipate that Okeanis Eco Tankers Corp. will post 3.19 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.80 annualized dividend and a dividend yield of 9.25%. Okeanis Eco Tankers’s dividend payout ratio is presently 48.48%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in Okeanis Eco Tankers in the 3rd quarter valued at about $383,000. Jane Street Group LLC purchased a new position in Okeanis Eco Tankers in the third quarter valued at about $206,000. Wexford Capital LP grew its stake in Okeanis Eco Tankers by 7.1% during the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock valued at $728,000 after purchasing an additional 1,472 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Okeanis Eco Tankers during the 3rd quarter worth approximately $1,169,000. Finally, PDT Partners LLC raised its position in shares of Okeanis Eco Tankers by 61.5% in the 3rd quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock valued at $663,000 after purchasing an additional 7,715 shares in the last quarter.

Okeanis Eco Tankers Company 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.