Virtu Financial LLC Trims Stake in Okeanis Eco Tankers Corp. (NYSE:ECO)

Virtu Financial LLC lessened its holdings in Okeanis Eco Tankers Corp. (NYSE:ECO) by 11.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,961 shares of the company’s stock after selling 912 shares during the period. Virtu Financial LLC’s holdings in Okeanis Eco Tankers were worth $227,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ECO. Jane Street Group LLC bought a new position in Okeanis Eco Tankers in the 3rd quarter worth about $206,000. Marshall Wace LLP purchased a new position in shares of Okeanis Eco Tankers during the second quarter worth about $247,000. BBR Partners LLC bought a new position in shares of Okeanis Eco Tankers in the third quarter worth approximately $326,000. Acadian Asset Management LLC purchased a new stake in Okeanis Eco Tankers in the second quarter valued at approximately $370,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Okeanis Eco Tankers during the third quarter valued at approximately $383,000.

Okeanis Eco Tankers Price Performance

Shares of NYSE:ECO opened at $19.01 on Wednesday. The company’s fifty day moving average price is $25.50 and its 200-day moving average price is $29.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. The firm has a market capitalization of $612.01 million and a price-to-earnings ratio of 5.24. Okeanis Eco Tankers Corp. has a one year low of $18.79 and a one year high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Friday, November 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. The business had revenue of $84.93 million for the quarter, compared to analysts’ expectations of $74.61 million. On average, equities research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were given a $0.45 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a yield of 9.47%. Okeanis Eco Tankers’s payout ratio is 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.