Persistent Asset Partners Ltd Acquires New Holdings in CMB.TECH nv $CMBT

Persistent Asset Partners Ltd acquired a new stake in shares of CMB.TECH nv (NYSE:CMBT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 55,000 shares of the company’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMBT. Raymond James Financial Inc. bought a new position in CMB.TECH during the second quarter valued at approximately $27,000. Public Employees Retirement System of Ohio acquired a new position in CMB.TECH during the third quarter valued at approximately $45,000. Sunbelt Securities Inc. acquired a new position in CMB.TECH during the third quarter valued at approximately $56,000. Legal & General Group Plc grew its holdings in CMB.TECH by 221.3% during the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after purchasing an additional 4,497 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in CMB.TECH during the fourth quarter valued at approximately $67,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMBT. Weiss Ratings upgraded CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Berenberg Bank upgraded CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded CMB.TECH from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CMB.TECH currently has an average rating of “Buy”.

CMB.TECH Trading Down 2.2%

Shares of CMBT stock opened at $15.10 on Wednesday. CMB.TECH nv has a 12 month low of $7.78 and a 12 month high of $17.72. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $14.48 and its two-hundred day moving average is $12.77. The company has a market cap of $3.01 billion, a PE ratio of 8.93 and a beta of 0.10.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.27 by $1.00. The company had revenue of $519.63 million for the quarter, compared to the consensus estimate of $422.43 million. CMB.TECH had a return on equity of 18.25% and a net margin of 24.94%.

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were paid a $0.44 dividend. The ex-dividend date was Wednesday, June 3rd. CMB.TECH’s dividend payout ratio (DPR) is presently 36.69%.

CMB.TECH Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.