Traders Purchase High Volume of Call Options on CMB.TECH (NYSE:CMBT)

CMB.TECH nv (NYSE:CMBT) was the recipient of some unusual options trading activity on Thursday. Investors bought 4,058 call options on the stock. This represents an increase of 735% compared to the typical daily volume of 486 call options.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings raised CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wall Street Zen upgraded shares of CMB.TECH from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Institutional Investors Weigh In On CMB.TECH

A number of institutional investors have recently added to or reduced their stakes in CMBT. Valley Wealth Managers Inc. purchased a new position in CMB.TECH in the first quarter valued at about $33,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CMB.TECH during the fourth quarter valued at about $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of CMB.TECH during the second quarter valued at about $46,000. Optiver Holding B.V. boosted its holdings in shares of CMB.TECH by 145.7% in the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock valued at $158,000 after buying an additional 7,397 shares in the last quarter. Finally, Everstar Asset Management LLC bought a new stake in shares of CMB.TECH in the 1st quarter valued at about $191,000.

CMB.TECH Stock Down 5.1%

Shares of NYSE CMBT traded down $0.98 during midday trading on Thursday, reaching $18.01. 1,534,218 shares of the company’s stock traded hands, compared to its average volume of 1,569,892. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 6.19 and a beta of 0.23. The stock’s 50 day simple moving average is $18.78 and its 200-day simple moving average is $16.11. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.56. CMB.TECH has a one year low of $9.03 and a one year high of $21.19.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. The company had revenue of $703.94 million during the quarter. CMB.TECH had a net margin of 37.19% and a return on equity of 30.02%.

CMB.TECH Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, October 22nd. Investors of record on Friday, October 16th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, October 16th. CMB.TECH’s dividend payout ratio is 12.03%.

CMB.TECH Company Profile

CMB.TECH is a diversified maritime and cleantech company headquartered in Antwerp, Belgium. The company develops, owns and operates commercial vessels and is focused on reducing emissions in shipping through the use of alternative fuels and related technologies, including hydrogen and ammonia.

Its maritime activities include dry bulk carriers, container ships, chemical tankers, offshore wind service vessels and other specialized vessels. CMB.TECH also provides hydrogen and ammonia fuel solutions, including the development of dual-fuel vessels, fuel infrastructure and related applications for the maritime, industrial and transportation sectors.

The company serves international customers and operates across global shipping markets.