Royce & Associates LP Has $1.79 Million Stock Holdings in Civeo Co. (NYSE:CVEO)

Royce & Associates LP reduced its stake in Civeo Co. (NYSE:CVEO) by 16.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 78,651 shares of the business services provider’s stock after selling 15,280 shares during the period. Royce & Associates LP’s holdings in Civeo were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Civeo in the third quarter valued at approximately $68,000. SG Americas Securities LLC boosted its stake in Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 1,950 shares during the period. State Street Corp acquired a new position in Civeo in the 3rd quarter valued at $222,000. XTX Topco Ltd bought a new position in Civeo during the 3rd quarter worth $231,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Civeo during the fourth quarter worth $878,000. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Civeo Trading Down 4.2 %

Shares of NYSE:CVEO opened at $21.58 on Friday. The business’s 50 day simple moving average is $23.60 and its 200 day simple moving average is $24.83. 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 $294.60 million, a P/E ratio of 15.41 and a beta of 2.03.

Civeo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, February 24th. Civeo’s payout ratio is currently -80.00%.

Analyst Ratings Changes

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

About Civeo

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.