Aristides Capital LLC Invests $213,000 in Civeo Co. (NYSE:CVEO)

Aristides Capital LLC purchased a new stake in shares of Civeo Co. (NYSE:CVEO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,555 shares of the business services provider’s stock, valued at approximately $213,000. Aristides Capital LLC owned 0.06% of Civeo as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Civeo in the second quarter worth about $947,000. Dimensional Fund Advisors LP boosted its holdings in Civeo by 10.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider’s stock valued at $10,950,000 after acquiring an additional 39,987 shares during the period. American Century Companies Inc. grew its position in Civeo by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider’s stock valued at $6,355,000 after acquiring an additional 46,633 shares during the last quarter. Acadian Asset Management LLC increased its stake in Civeo by 58.1% in the second quarter. Acadian Asset Management LLC now owns 226,334 shares of the business services provider’s stock worth $5,634,000 after purchasing an additional 83,145 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Civeo by 0.8% during the second quarter. Raymond James & Associates now owns 67,555 shares of the business services provider’s stock worth $1,683,000 after purchasing an additional 561 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors.

Civeo Price Performance

Shares of CVEO stock opened at $27.21 on Wednesday. Civeo Co. has a twelve month low of $17.98 and a twelve month high of $28.92. The company has a current ratio of 1.55, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $25.68. The stock has a market capitalization of $397.81 million, a price-to-earnings ratio of 12.90 and a beta of 2.04.

Civeo (NYSE:CVEO) last posted its earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.35. Civeo had a net margin of 4.95% and a return on equity of 4.75%. The business had revenue of $188.71 million for the quarter, compared to the consensus estimate of $173.70 million. During the same quarter last year, the firm posted $0.30 EPS. On average, analysts predict that Civeo Co. will post -0.3 EPS for the current fiscal year.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 3.68%. Civeo’s dividend payout ratio is currently 47.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CVEO. Stifel Nicolaus restated a “buy” rating and issued a $32.00 price target (up from $31.00) on shares of Civeo in a report on Wednesday, July 31st. StockNews.com raised shares of Civeo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 20th.

Insider Buying and Selling at Civeo

In related news, SVP Allan Schoening sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.50, for a total transaction of $137,500.00. Following the completion of the sale, the senior vice president now directly owns 16,146 shares in the company, valued at approximately $444,015. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.