CMB.TECH nv (NYSE:CMBT) to Issue $0.05 Special Dividend

CMB.TECH nv (NYSE:CMBT) announced a special dividend on Thursday, August 28th. Shareholders of record on Thursday, October 2nd will be paid a dividend of 0.05 per share on Thursday, October 9th. The ex-dividend date of this dividend is Thursday, October 2nd.

CMB.TECH Trading Down 3.4%

NYSE CMBT opened at $9.60 on Tuesday. CMB.TECH has a 1 year low of $7.65 and a 1 year high of $17.60. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.92 and a quick ratio of 0.84. The company has a market capitalization of $1.87 billion, a PE ratio of 7.74 and a beta of 0.04. The company has a fifty day moving average of $9.08 and a 200 day moving average of $9.15.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). The company had revenue of $387.81 million during the quarter, compared to analyst estimates of $259.00 million. CMB.TECH had a net margin of 22.69% and a return on equity of 6.02%.

Hedge Funds Weigh In On CMB.TECH

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in CMB.TECH by 27.5% during the first quarter. SBI Securities Co. Ltd. now owns 6,934 shares of the company’s stock worth $63,000 after acquiring an additional 1,496 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH during the second quarter valued at about $27,000. Legal & General Group Plc lifted its holdings in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after acquiring an additional 4,497 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in CMB.TECH by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,292 shares of the company’s stock valued at $656,000 after purchasing an additional 6,304 shares during the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new stake in CMB.TECH in the second quarter valued at approximately $98,000.

About CMB.TECH

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.