Persistent Asset Partners Ltd Acquires Shares of 55,000 CMB.TECH nv $CMBT

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

A number of other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its stake in CMB.TECH by 3.0% during the fourth quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock valued at $647,000 after buying an additional 1,957 shares in the last quarter. Mariner LLC lifted its position in shares of CMB.TECH by 4.0% in the fourth quarter. Mariner LLC now owns 63,372 shares of the company’s stock worth $612,000 after purchasing an additional 2,439 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CMB.TECH in the second quarter worth approximately $27,000. Swiss National Bank lifted its position in shares of CMB.TECH by 1.7% in the fourth quarter. Swiss National Bank now owns 248,913 shares of the company’s stock worth $2,368,000 after purchasing an additional 4,126 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of CMB.TECH by 221.3% in the second quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after purchasing an additional 4,497 shares in the last quarter.

Analyst Ratings Changes

CMBT has been the subject of a number of research analyst reports. Weiss Ratings raised shares of CMB.TECH from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of CMB.TECH from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, Berenberg Bank raised shares of CMB.TECH to a “strong-buy” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

CMB.TECH Price Performance

Shares of CMBT opened at $15.10 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 8.93 and a beta of 0.10. The firm’s 50 day moving average price is $14.48 and its 200 day moving average price is $12.77. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.85 and a current ratio of 0.95. CMB.TECH nv has a twelve month low of $7.78 and a twelve month high of $17.72.

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

CMB.TECH Announces Dividend

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

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.