Glenorchy Capital Ltd Acquires Shares of 25,598 Okeanis Eco Tankers Corp. (NYSE:ECO)

Glenorchy Capital Ltd bought a new position in shares of Okeanis Eco Tankers Corp. (NYSE:ECO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 25,598 shares of the company’s stock, valued at approximately $678,000.

Okeanis Eco Tankers Price Performance

ECO traded up $0.04 during trading on Tuesday, hitting $30.39. The company had a trading volume of 21,837 shares, compared to its average volume of 53,313. Okeanis Eco Tankers Corp. has a 1-year low of $20.00 and a 1-year high of $32.46. The stock has a 50-day moving average of $30.17.

Okeanis Eco Tankers (NYSE:ECO) last issued its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $91.67 million during the quarter. On average, equities research analysts forecast that Okeanis Eco Tankers Corp. will post 3.51 earnings per share for the current fiscal year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, March 8th.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on Okeanis Eco Tankers in a research note on Tuesday, April 16th. They set a “buy” rating and a $38.00 price objective for the company.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.