Militia Capital Partners LP Invests $1.02 Million in Okeanis Eco Tankers Corp. $ECO

Militia Capital Partners LP purchased a new position in Okeanis Eco Tankers Corp. (NYSE:ECO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 35,000 shares of the company’s stock, valued at approximately $1,024,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in Okeanis Eco Tankers during the 2nd quarter worth $25,000. State of Wyoming bought a new stake in Okeanis Eco Tankers in the second quarter valued at $107,000. S.E.E.D. Planning Group LLC acquired a new position in shares of Okeanis Eco Tankers during the third quarter valued at $234,000. Citadel Advisors LLC acquired a new position in shares of Okeanis Eco Tankers during the third quarter valued at $242,000. Finally, Centiva Capital LP bought a new position in shares of Okeanis Eco Tankers during the third quarter worth about $259,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ECO shares. Weiss Ratings raised shares of Okeanis Eco Tankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. B. Riley Financial upped their target price on shares of Okeanis Eco Tankers from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Clarkson Capital upgraded shares of Okeanis Eco Tankers from a “neutral” rating to a “buy” rating and set a $46.05 price target on the stock in a research note on Tuesday, January 27th. Finally, Zacks Research raised Okeanis Eco Tankers from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $43.35.

Okeanis Eco Tankers Trading Up 4.1%

Shares of ECO stock opened at $45.65 on Tuesday. Okeanis Eco Tankers Corp. has a 1 year low of $17.91 and a 1 year high of $57.29. The firm has a market capitalization of $1.78 billion, a PE ratio of 12.20 and a beta of -0.30. The stock has a fifty day moving average of $43.30 and a two-hundred day moving average of $36.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.16 and a current ratio of 3.41.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.48. Okeanis Eco Tankers had a return on equity of 26.63% and a net margin of 31.40%.The company had revenue of $91.33 million for the quarter, compared to analyst estimates of $98.45 million. As a group, research analysts expect that Okeanis Eco Tankers Corp. will post 1.34 EPS for the current year.

Okeanis Eco Tankers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, March 3rd were given a $1.55 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $6.20 dividend on an annualized basis and a yield of 13.6%. This is a boost from Okeanis Eco Tankers’s previous quarterly dividend of $0.75. Okeanis Eco Tankers’s payout ratio is currently 165.78%.

About Okeanis Eco Tankers

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.