Royce & Associates LP Has $1.79 Million Holdings in Civeo Co. (NYSE:CVEO)

Royce & Associates LP decreased its stake in shares of Civeo Co. (NYSE:CVEO) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,651 shares of the business services provider’s stock after selling 15,280 shares during the period. Royce & Associates LP owned approximately 0.57% of Civeo worth $1,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Civeo during the 3rd quarter worth about $68,000. SG Americas Securities LLC grew its holdings in shares of Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock worth $149,000 after buying an additional 1,950 shares in the last quarter. State Street Corp acquired a new stake in Civeo in the 3rd quarter valued at approximately $222,000. XTX Topco Ltd bought a new stake in Civeo in the 3rd quarter valued at approximately $231,000. Finally, OFI Invest Asset Management acquired a new position in Civeo during the 4th quarter worth approximately $878,000. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Civeo Price Performance

Shares of NYSE CVEO opened at $21.58 on Friday. Civeo Co. has a fifty-two week low of $20.26 and a fifty-two week high of $28.92. The stock has a market capitalization of $294.60 million, a price-to-earnings ratio of 15.41 and a beta of 2.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The business has a 50-day moving average of $23.60 and a 200-day moving average of $24.83.

Civeo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.63%. Civeo’s payout ratio is -80.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Civeo from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 29th.

About Civeo

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.