Moors & Cabot Inc. Has $566,000 Stock Position in Civeo Co. (NYSE:CVEO)

Moors & Cabot Inc. cut its stake in shares of Civeo Co. (NYSE:CVEO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,890 shares of the business services provider’s stock after selling 1,832 shares during the period. Moors & Cabot Inc.’s holdings in Civeo were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Civeo during the fourth quarter worth approximately $878,000. Raymond James Financial Inc. bought a new position in Civeo during the 4th quarter worth $1,452,000. TCW Group Inc. lifted its holdings in shares of Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider’s stock worth $17,727,000 after buying an additional 31,157 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Civeo by 5.1% in the fourth quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock valued at $2,289,000 after acquiring an additional 4,885 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 1,950 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

Civeo Trading Up 0.4 %

Shares of NYSE:CVEO opened at $20.56 on Friday. The business’s 50 day simple moving average is $23.71 and its 200 day simple moving average is $25.00. Civeo Co. has a 1 year low of $20.26 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The company has a market capitalization of $280.74 million, a P/E ratio of 14.69 and a beta of 2.03.

Civeo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, February 24th. Civeo’s dividend payout ratio (DPR) is currently -80.00%.

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.