Quadrature Capital Ltd Takes $529,000 Position in Civeo Co. (NYSE:CVEO)

Quadrature Capital Ltd acquired a new stake in shares of Civeo Co. (NYSE:CVEO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,152 shares of the business services provider’s stock, valued at approximately $529,000. Quadrature Capital Ltd owned about 0.16% of Civeo at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Civeo by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 450,100 shares of the business services provider’s stock worth $10,285,000 after purchasing an additional 4,100 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Civeo during the 4th quarter valued at approximately $146,000. UBS Group AG grew its stake in shares of Civeo by 6.1% during the 3rd quarter. UBS Group AG now owns 118,190 shares of the business services provider’s stock valued at $2,450,000 after acquiring an additional 6,841 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Civeo by 47.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,547 shares of the business services provider’s stock valued at $488,000 after acquiring an additional 7,622 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Civeo during the 4th quarter valued at approximately $201,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Civeo

In other Civeo news, SVP Peter Mccann sold 5,220 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total value of $123,975.00. Following the transaction, the senior vice president now owns 45,395 shares of the company’s stock, valued at approximately $1,078,131.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Civeo Stock Up 1.0 %

NYSE CVEO opened at $23.94 on Friday. The stock has a market cap of $350.00 million, a PE ratio of 11.35 and a beta of 2.11. Civeo Co. has a 12 month low of $17.98 and a 12 month high of $28.00. The stock’s 50 day moving average is $24.50 and its 200 day moving average is $23.89. The company has a current ratio of 1.82, a quick ratio of 1.74 and a debt-to-equity ratio of 0.26.

Civeo (NYSE:CVEO) last issued its quarterly earnings data on Friday, April 26th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.06). Civeo had a return on equity of 3.53% and a net margin of 4.49%. The firm had revenue of $166.12 million for the quarter, compared to analysts’ expectations of $154.73 million. Research analysts predict that Civeo Co. will post 0.54 EPS for the current fiscal year.

Civeo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, May 27th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.00 annualized dividend and a yield of 4.18%. Civeo’s payout ratio is presently 47.39%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Civeo from a “buy” rating to a “strong-buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on Civeo from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th.

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.