Quantbot Technologies LP Buys New Stake in CMB.TECH nv $CMBT

Quantbot Technologies LP bought a new stake in CMB.TECH nv (NYSE:CMBT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 52,657 shares of the company’s stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of CMB.TECH during the second quarter worth $27,000. Legal & General Group Plc lifted its holdings in shares of CMB.TECH by 221.3% during the 2nd 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. Envestnet Asset Management Inc. boosted its position in shares of CMB.TECH by 10.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 72,320 shares of the company’s stock worth $679,000 after purchasing an additional 6,696 shares in the last quarter. Blue Trust Inc. boosted its position in shares of CMB.TECH by 142.0% in the 3rd quarter. Blue Trust Inc. now owns 12,245 shares of the company’s stock worth $115,000 after purchasing an additional 7,186 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in CMB.TECH by 121.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,860 shares of the company’s stock worth $149,000 after buying an additional 8,702 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMBT. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. Finally, Pareto Securities upgraded shares of CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CMB.TECH presently has an average rating of “Buy”.

CMB.TECH Stock Performance

Shares of CMB.TECH stock opened at $13.08 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The firm has a fifty day moving average price of $12.27 and a 200 day moving average price of $10.51. CMB.TECH nv has a 1 year low of $7.65 and a 1 year high of $14.93.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%. The business had revenue of $639.98 million during the quarter, compared to analysts’ expectations of $449.43 million.

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s payout ratio is 10.77%.

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.