Glenorchy Capital Ltd Makes New Investment in Okeanis Eco Tankers Corp. (NYSE:ECO)

Glenorchy Capital Ltd bought a new position in Okeanis Eco Tankers Corp. (NYSE:ECO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 25,598 shares of the company’s stock, valued at approximately $678,000.

Okeanis Eco Tankers Stock Up 0.1 %

ECO traded up $0.04 during trading on Tuesday, reaching $30.39. The company had a trading volume of 21,837 shares, compared to its average volume of 53,313. Okeanis Eco Tankers Corp. has a 52 week low of $20.00 and a 52 week high of $32.46. The business’s 50 day moving average is $30.17.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $91.67 million during the quarter. As a group, research analysts anticipate that Okeanis Eco Tankers Corp. will post 3.51 earnings per share for the current fiscal year.

Okeanis Eco Tankers Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, March 8th.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Okeanis Eco Tankers in a research note on Tuesday, April 16th. They set a “buy” rating and a $38.00 price objective on the stock.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.