Mirabella Financial Services LLP Purchases Shares of 2,384,078 CMB.TECH nv $CMBT

Mirabella Financial Services LLP purchased a new position in shares of CMB.TECH nv (NYSE:CMBT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,384,078 shares of the company’s stock, valued at approximately $22,386,000. CMB.TECH makes up about 1.9% of Mirabella Financial Services LLP’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors also recently made changes to their positions in CMBT. Sunbelt Securities Inc. bought a new position in shares of CMB.TECH during the 3rd quarter valued at $56,000. Verition Fund Management LLC bought a new stake in CMB.TECH in the third quarter worth $4,970,000. Susquehanna Fundamental Investments LLC purchased a new stake in CMB.TECH during the third quarter valued at about $481,000. SIH Partners LLLP bought a new position in shares of CMB.TECH during the third quarter valued at about $117,000. Finally, Prelude Capital Management LLC bought a new position in shares of CMB.TECH during the third quarter valued at about $741,000.

CMB.TECH Trading Up 3.4%

Shares of CMBT opened at $12.78 on Thursday. CMB.TECH nv has a twelve month low of $7.65 and a twelve month high of $14.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The firm has a fifty day simple moving average of $12.73 and a two-hundred day simple moving average of $10.73.

CMB.TECH (NYSE:CMBT) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The firm had revenue of $639.98 million during the quarter, compared to analysts’ expectations of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s payout ratio is currently 10.77%.

Analysts Set New Price Targets

Several research analysts have recently commented on CMBT shares. Pareto Securities upgraded CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. Wall Street Zen upgraded CMB.TECH from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

CMB.TECH Company Profile

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.