Janney Montgomery Scott LLC Buys New Position in Eneti Inc. (NYSE:NETI)

Janney Montgomery Scott LLC purchased a new position in Eneti Inc. (NYSE:NETIGet Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,651 shares of the company’s stock, valued at approximately $471,000. Janney Montgomery Scott LLC owned 0.18% of Eneti as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Encompass Capital Advisors LLC grew its stake in shares of Eneti by 0.8% in the second quarter. Encompass Capital Advisors LLC now owns 857,842 shares of the company’s stock worth $5,267,000 after acquiring an additional 6,618 shares during the last quarter. Belvedere Trading LLC lifted its holdings in Eneti by 13.8% in the second quarter. Belvedere Trading LLC now owns 36,859 shares of the company’s stock valued at $220,000 after acquiring an additional 4,468 shares during the period. PEAK6 Investments LLC lifted its holdings in Eneti by 14.0% in the second quarter. PEAK6 Investments LLC now owns 52,249 shares of the company’s stock valued at $321,000 after acquiring an additional 6,434 shares during the period. Trexquant Investment LP lifted its holdings in Eneti by 161.4% in the second quarter. Trexquant Investment LP now owns 55,929 shares of the company’s stock valued at $343,000 after acquiring an additional 34,535 shares during the period. Finally, Rhumbline Advisers bought a new position in Eneti in the second quarter valued at about $192,000. 65.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NETI has been the topic of a number of recent research reports. Citigroup increased their target price on Eneti from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 17th. TheStreet raised Eneti from a “d” rating to a “c-” rating in a report on Thursday, November 10th. Finally, BTIG Research increased their target price on Eneti from $15.00 to $18.00 in a report on Thursday, January 5th.

Eneti Stock Down 0.7 %

NYSE NETI opened at $10.52 on Monday. The stock’s 50-day moving average price is $9.75 and its 200-day moving average price is $8.30. The company has a quick ratio of 4.38, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. Eneti Inc. has a 52 week low of $4.81 and a 52 week high of $11.00. The company has a market capitalization of $418.08 million, a P/E ratio of 7.41 and a beta of 1.08.

Eneti (NYSE:NETIGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. Eneti had a return on equity of 1.67% and a net margin of 38.24%. The firm had revenue of $69.19 million for the quarter, compared to the consensus estimate of $63.79 million. On average, equities research analysts predict that Eneti Inc. will post 0.94 earnings per share for the current year.

Eneti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Monday, November 21st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, November 18th. Eneti’s dividend payout ratio (DPR) is presently 2.82%.

Eneti Profile

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Eneti, Inc is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels. It provides innovative maritime solutions to a wide variety of customers across the globe, safeguarding the environment, embracing sustainable business practices and generating risk-adjusted returns throughout the industry cycle.

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Institutional Ownership by Quarter for Eneti (NYSE:NETI)

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