AdvisorShares Investments LLC Makes New Investment in CMB.TECH nv $CMBT

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

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in CMB.TECH by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock valued at $2,252,000 after purchasing an additional 37,356 shares during the period. JPMorgan Chase & Co. raised its position in CMB.TECH by 3,978.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,752 shares of the company’s stock valued at $277,000 after purchasing an additional 29,998 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of 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 period. Norges Bank acquired a new position in shares of CMB.TECH during the second quarter worth about $2,847,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of CMB.TECH during the second quarter worth approximately $27,000.

CMB.TECH Price Performance

Shares of CMBT opened at $12.48 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.73 and a quick ratio of 0.61. CMB.TECH nv has a 1-year low of $7.65 and a 1-year high of $13.16. The stock has a market cap of $2.43 billion, a PE ratio of 15.22 and a beta of -0.08. The firm has a fifty day moving average price of $10.84 and a 200 day moving average price of $9.85.

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 analyst estimates of $393.37 million. CMB.TECH had a return on equity of 4.28% and a net margin of 12.64%.

CMB.TECH Announces Dividend

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

Analyst Ratings Changes

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