Bank of America Corp DE Increases Position in Okeanis Eco Tankers Corp. (NYSE:ECO)

Bank of America Corp DE lifted its position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,307 shares of the company’s stock after buying an additional 4,798 shares during the quarter. Bank of America Corp DE’s holdings in Okeanis Eco Tankers were worth $496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. PDT Partners LLC lifted its stake in shares of Okeanis Eco Tankers by 6.2% during the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company’s stock valued at $457,000 after buying an additional 1,250 shares during the period. Wells Fargo & Company MN acquired a new position in shares of Okeanis Eco Tankers in the 4th quarter valued at $78,000. FIL Ltd boosted its holdings in shares of Okeanis Eco Tankers by 1.3% in the 4th quarter. FIL Ltd now owns 611,929 shares of the company’s stock valued at $12,439,000 after purchasing an additional 8,053 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of Okeanis Eco Tankers in the 4th quarter valued at $227,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Okeanis Eco Tankers in the 4th quarter valued at $527,000.

Okeanis Eco Tankers Stock Down 0.8%

Shares of ECO opened at $21.71 on Wednesday. The firm has a market cap of $698.77 million, a PE ratio of 6.42 and a beta of -0.08. The company’s fifty day moving average is $22.45 and its two-hundred day moving average is $22.32. Okeanis Eco Tankers Corp. has a fifty-two week low of $17.91 and a fifty-two week high of $35.64. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The company had revenue of $48.60 million for the quarter, compared to analyst estimates of $46.91 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. Analysts forecast that Okeanis Eco Tankers Corp. will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a dividend yield of 9.52%. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 51.61%.

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.