Civeo Co. (NYSE:CVEO) Short Interest Up 65.9% in March

Civeo Co. (NYSE:CVEOGet Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 36,500 shares, an increase of 65.9% from the February 29th total of 22,000 shares. Based on an average trading volume of 61,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Civeo Stock Up 1.1 %

Shares of NYSE:CVEO opened at $26.85 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 1.53. The company has a market cap of $393.89 million, a PE ratio of 13.16 and a beta of 2.16. Civeo has a 52 week low of $17.87 and a 52 week high of $27.30. The firm has a 50 day simple moving average of $23.57 and a 200 day simple moving average of $22.29.

Civeo (NYSE:CVEOGet Free Report) last released its earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.33. Civeo had a net margin of 4.30% and a return on equity of 2.69%. The company had revenue of $170.80 million during the quarter, compared to the consensus estimate of $151.12 million. As a group, research analysts expect that Civeo will post 0.11 earnings per share for the current year.

Civeo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. Civeo’s dividend payout ratio is currently 49.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its holdings in shares of Civeo by 7.7% during the 3rd quarter. Marshall Wace LLP now owns 12,429 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 890 shares in the last quarter. Bank of America Corp DE grew its stake in Civeo by 466.5% in the 4th quarter. Bank of America Corp DE now owns 1,082 shares of the business services provider’s stock valued at $34,000 after buying an additional 891 shares during the last quarter. Quadrature Capital Ltd grew its stake in Civeo by 8.6% in the 2nd quarter. Quadrature Capital Ltd now owns 14,360 shares of the business services provider’s stock valued at $279,000 after buying an additional 1,135 shares during the last quarter. Acadian Asset Management LLC grew its stake in Civeo by 33.2% in the 1st quarter. Acadian Asset Management LLC now owns 5,387 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,342 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Civeo in the 3rd quarter valued at $30,000. Institutional investors own 81.44% of the company’s stock.

Civeo Company Profile

(Get Free Report)

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.

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