Militia Capital Management LLC Acquires New Position in Okeanis Eco Tankers Corp. $ECO

Militia Capital Management LLC purchased a new stake in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $3,541,000.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of Okeanis Eco Tankers in the first quarter worth $29,000. Quarry LP purchased a new position in shares of Okeanis Eco Tankers in the third quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in shares of Okeanis Eco Tankers by 102.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,052 shares of the company’s stock valued at $36,000 after purchasing an additional 532 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at $25,000. Finally, Royal Bank of Canada raised its stake in shares of Okeanis Eco Tankers by 29,762.5% during the 1st quarter. Royal Bank of Canada now owns 2,389 shares of the company’s stock valued at $121,000 after purchasing an additional 2,381 shares during the period.

Okeanis Eco Tankers Trading Down 0.1%

Okeanis Eco Tankers stock opened at $60.28 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.56 and a current ratio of 1.70. Okeanis Eco Tankers Corp. has a fifty-two week low of $23.34 and a fifty-two week high of $60.78. The stock has a market cap of $2.35 billion, a P/E ratio of 10.65 and a beta of -0.15. The firm’s fifty day moving average price is $53.05 and its 200-day moving average price is $49.84.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.59. Okeanis Eco Tankers had a return on equity of 37.13% and a net margin of 41.26%.The company had revenue of $170.16 million during the quarter, compared to analyst estimates of $134.02 million. Equities research analysts forecast that Okeanis Eco Tankers Corp. will post 9.53 earnings per share for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 28th were given a dividend of $2.00 per share. This is a boost from Okeanis Eco Tankers’s previous quarterly dividend of $1.55. The ex-dividend date was Thursday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 13.3%. Okeanis Eco Tankers’s dividend payout ratio is 141.34%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. B. Riley Financial raised their target price on Okeanis Eco Tankers from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Pareto Securities cut Okeanis Eco Tankers from a “buy” rating to a “hold” rating and set a $57.50 price target on the stock. in a research report on Monday, May 25th. Wall Street Zen downgraded shares of Okeanis Eco Tankers from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Okeanis Eco Tankers in a research report on Thursday, June 18th. Finally, Zacks Research cut shares of Okeanis Eco Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Okeanis Eco Tankers has a consensus rating of “Hold” and a consensus target price of $59.52.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.