Traders Purchase Large Volume of CMB.TECH Call Options (NYSE:CMBT)

CMB.TECH nv (NYSE:CMBT – Get Free Report) saw unusually large options trading on Thursday. Investors purchased 4,058 call options on the company. This represents an increase of approximately 735% compared to the average daily volume of 486 call options.

CMB.TECH Price Performance

Shares of CMB.TECH stock traded down $0.68 on Friday, hitting $17.25. The company had a trading volume of 1,980,155 shares, compared to its average volume of 1,263,324. The business has a 50-day simple moving average of $18.83 and a 200-day simple moving average of $16.15. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.12 and a quick ratio of 0.97. The company has a market cap of $3.44 billion, a PE ratio of 5.93 and a beta of 0.23. CMB.TECH has a 52 week low of $9.03 and a 52 week high of $21.19.

CMB.TECH (NYSE:CMBT – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. The firm had revenue of $703.94 million for the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%.

CMB.TECH Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, October 16th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, October 16th. CMB.TECH’s dividend payout ratio (DPR) is 12.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMBT. Wall Street Zen cut CMB.TECH from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Get Our Latest Report on CMBT

Institutional Investors Weigh In On CMB.TECH

Institutional investors and hedge funds have recently bought and sold shares of the business. Encompass Capital Advisors LLC increased its stake in CMB.TECH by 40.0% in the 1st quarter. Encompass Capital Advisors LLC now owns 3,500,000 shares of the company’s stock valued at $44,275,000 after buying an additional 1,000,693 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of CMB.TECH during the 1st quarter worth about $28,965,000. Renaissance Technologies LLC increased its holdings in shares of CMB.TECH by 288.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,408,300 shares of the company’s stock valued at $17,815,000 after acquiring an additional 1,045,800 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CMB.TECH by 526.9% during the 1st quarter. Bank of America Corp DE now owns 1,072,822 shares of the company’s stock valued at $13,571,000 after acquiring an additional 901,688 shares during the last quarter. Finally, Fearnley Asset Management AS acquired a new position in shares of CMB.TECH during the 4th quarter valued at about $10,284,000.

About CMB.TECH

(Get Free Report)

CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.

Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.

The company serves international customers and operates across global shipping markets.

Further Reading

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