205,246 Shares in Civeo Co. (NYSE:CVEO) Acquired by Topline Capital Management LLC

Topline Capital Management LLC bought a new stake in shares of Civeo Co. (NYSE:CVEO) in the 4th quarter, HoldingsChannel reports. The firm bought 205,246 shares of the business services provider’s stock, valued at approximately $4,663,000. Civeo accounts for about 0.9% of Topline Capital Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp bought a new stake in shares of Civeo during the 3rd quarter worth $222,000. SG Americas Securities LLC increased its stake in Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 1,950 shares during the last quarter. Empowered Funds LLC raised its position in Civeo by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock valued at $2,289,000 after purchasing an additional 4,885 shares in the last quarter. TCW Group Inc. lifted its stake in Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock worth $17,727,000 after purchasing an additional 31,157 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Civeo in the 4th quarter worth about $1,452,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo Stock Performance

NYSE CVEO opened at $19.74 on Friday. The company has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $23.58. Civeo Co. has a 12-month low of $18.99 and a 12-month high of $28.92. The firm has a market cap of $267.46 million, a price-to-earnings ratio of 14.10 and a beta of 1.54. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Monday, February 24th. Civeo’s dividend payout ratio is presently -80.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CVEO shares. Stifel Nicolaus decreased their price objective on Civeo from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com downgraded shares of Civeo from a “buy” rating to a “hold” rating in a research note on Monday, March 31st.

Civeo 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.