Okeanis Eco Tankers (NYSE:ECO) Sees Strong Trading Volume – What’s Next?

Okeanis Eco Tankers Corp. (NYSE:ECO) shares saw strong trading volume on Thursday . 73,588 shares changed hands during trading, an increase of 16% from the previous session’s volume of 63,399 shares.The stock last traded at $29.09 and had previously closed at $29.70.

Okeanis Eco Tankers Stock Performance

The firm has a market cap of $933.63 million and a P/E ratio of 6.92. The company’s 50 day moving average is $31.98 and its two-hundred day moving average is $32.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.48 and a quick ratio of 1.23.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.33. The company had revenue of $111.99 million during the quarter, compared to the consensus estimate of $100.71 million. Okeanis Eco Tankers had a return on equity of 28.35% and a net margin of 30.17%. On average, sell-side analysts predict that Okeanis Eco Tankers Corp. will post 3.52 earnings per share for the current year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 15.17%. The ex-dividend date of this dividend was Wednesday, August 21st. Okeanis Eco Tankers’s dividend payout ratio (DPR) is presently 105.01%.

Hedge Funds Weigh In On Okeanis Eco Tankers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lighthouse Investment Partners LLC bought a new stake in Okeanis Eco Tankers in the second quarter valued at about $2,086,000. Acadian Asset Management LLC bought a new stake in shares of Okeanis Eco Tankers in the 2nd quarter valued at approximately $370,000. Marshall Wace LLP acquired a new position in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $247,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Okeanis Eco Tankers in the 2nd quarter worth approximately $1,767,000. Finally, Susquehanna International Securities Ltd. bought a new position in shares of Okeanis Eco Tankers during the 1st quarter worth approximately $210,000.

About Okeanis Eco Tankers

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.