BBR Partners LLC Invests $326,000 in Okeanis Eco Tankers Corp. (NYSE:ECO)

BBR Partners LLC purchased a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors have also modified their holdings of ECO. Hsbc Holdings PLC grew its position in shares of Okeanis Eco Tankers by 123.9% during the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after acquiring an additional 98,528 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Okeanis Eco Tankers during the second quarter worth about $2,086,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Okeanis Eco Tankers during the second quarter worth about $1,767,000. BNP Paribas Financial Markets grew its position in shares of Okeanis Eco Tankers by 409.9% during the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock worth $661,000 after acquiring an additional 16,280 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Okeanis Eco Tankers during the second quarter worth about $370,000.

Okeanis Eco Tankers Stock Performance

Shares of ECO opened at $22.08 on Thursday. The firm has a 50-day moving average price of $29.07 and a 200 day moving average price of $30.95. The firm has a market capitalization of $710.76 million and a PE ratio of 6.08. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers Corp. has a 52-week low of $20.95 and a 52-week high of $36.69.

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

Okeanis Eco Tankers Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a yield of 8.15%. 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.