AdvisorShares Investments LLC Invests $511,000 in CMB.TECH nv $CMBT

AdvisorShares Investments LLC purchased a new stake in CMB.TECH nv (NYSE:CMBT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 54,373 shares of the company’s stock, valued at approximately $511,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH in the 2nd quarter valued at approximately $27,000. Legal & General Group Plc grew its position in CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after buying an additional 4,497 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in CMB.TECH in the 2nd quarter valued at $98,000. Blue Trust Inc. raised its position in CMB.TECH by 142.0% during the 3rd quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock worth $115,000 after buying an additional 7,186 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of CMB.TECH in the 3rd quarter worth $122,000.

CMB.TECH Price Performance

Shares of NYSE:CMBT opened at $12.48 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 15.22 and a beta of -0.08. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.73 and a quick ratio of 0.61. The business’s 50 day simple moving average is $10.84 and its 200-day simple moving average is $9.85. CMB.TECH nv has a 12 month low of $7.65 and a 12 month high of $13.16.

CMB.TECH (NYSE:CMBT) last posted its earnings results on Wednesday, November 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $460.80 million for the quarter, compared to analysts’ expectations of $393.37 million. CMB.TECH had a return on equity of 4.28% and a net margin of 12.64%.

CMB.TECH Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, January 7th were given a $0.05 dividend. The ex-dividend date was Wednesday, January 7th. CMB.TECH’s payout ratio is currently 8.54%.

Wall Street Analyst Weigh In

CMBT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. Wall Street Zen cut CMB.TECH from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Pareto Securities raised CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.