Sapient Capital LLC Makes New Investment in Civeo Co. (NYSE:CVEO)

Sapient Capital LLC acquired a new position in Civeo Co. (NYSE:CVEO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,413 shares of the business services provider’s stock, valued at approximately $398,000. Sapient Capital LLC owned 0.12% of Civeo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CVEO. Bailard Inc. purchased a new position in shares of Civeo in the 3rd quarter valued at approximately $218,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Civeo by 47.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,547 shares of the business services provider’s stock valued at $488,000 after acquiring an additional 7,622 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Civeo by 4.3% in the third quarter. Moors & Cabot Inc. now owns 43,083 shares of the business services provider’s stock valued at $893,000 after acquiring an additional 1,767 shares in the last quarter. UBS Group AG lifted its position in shares of Civeo by 6.1% in the third quarter. UBS Group AG now owns 118,190 shares of the business services provider’s stock valued at $2,450,000 after acquiring an additional 6,841 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Civeo by 21.3% in the third quarter. Brown Advisory Inc. now owns 315,719 shares of the business services provider’s stock valued at $6,545,000 after acquiring an additional 55,534 shares in the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo Trading Down 0.2 %

Shares of NYSE CVEO opened at $24.21 on Monday. The business’s 50 day moving average is $25.24 and its two-hundred day moving average is $23.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.74. Civeo Co. has a 1-year low of $17.98 and a 1-year high of $28.00. The stock has a market capitalization of $353.95 million, a P/E ratio of 11.47 and a beta of 2.21.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.33. The company had revenue of $170.80 million for the quarter, compared to analysts’ expectations of $151.12 million. Civeo had a return on equity of 3.53% and a net margin of 4.49%. As a group, research analysts expect that Civeo Co. will post 0.47 EPS for the current year.

Civeo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.13%. Civeo’s dividend payout ratio is 47.39%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Civeo from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 30th.

Insider Activity

In other news, SVP Peter Mccann sold 5,220 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total transaction of $123,975.00. Following the transaction, the senior vice president now owns 45,395 shares of the company’s stock, valued at $1,078,131.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.30% of the company’s stock.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.