Lighthouse Investment Partners LLC Lowers Stock Holdings in Okeanis Eco Tankers Corp. (NYSE:ECO)

Lighthouse Investment Partners LLC lowered its holdings in Okeanis Eco Tankers Corp. (NYSE:ECO) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,884 shares of the company’s stock after selling 18,006 shares during the period. Lighthouse Investment Partners LLC owned 0.15% of Okeanis Eco Tankers worth $997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ECO. Wells Fargo & Company MN purchased a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at $78,000. Aristides Capital LLC purchased a new stake in shares of Okeanis Eco Tankers in the fourth quarter valued at $227,000. Citadel Advisors LLC grew its position in shares of Okeanis Eco Tankers by 21.7% in the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company’s stock valued at $279,000 after purchasing an additional 2,340 shares during the period. PDT Partners LLC grew its position in shares of Okeanis Eco Tankers by 6.2% in the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company’s stock valued at $457,000 after purchasing an additional 1,250 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Okeanis Eco Tankers by 25.9% in the fourth quarter. Bank of America Corp DE now owns 23,307 shares of the company’s stock valued at $496,000 after purchasing an additional 4,798 shares during the period.

Okeanis Eco Tankers Price Performance

ECO stock opened at $24.80 on Thursday. The stock has a 50-day moving average price of $22.05 and a two-hundred day moving average price of $22.58. Okeanis Eco Tankers Corp. has a 12-month low of $17.91 and a 12-month high of $36.69. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46. The company has a market cap of $798.41 million, a PE ratio of 7.34 and a beta of -0.05.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. As a group, research analysts predict that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 41.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price objective on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

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.