Connor Clark & Lunn Investment Management Ltd. Increases Position in Eneti Inc. (NYSE:NETI)

Posted by Defense World Staff on Aug 23rd, 2023

Connor Clark & Lunn Investment Management Ltd. raised its position in Eneti Inc. (NYSE:NETI – Free Report) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,435 shares of the company’s stock after purchasing an additional 12,625 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.34% of Eneti worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Premier Fund Managers Ltd increased its position in shares of Eneti by 114.3% during the first quarter. Premier Fund Managers Ltd now owns 75,000 shares of the company’s stock worth $702,000 after acquiring an additional 40,000 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Eneti during the first quarter worth $1,163,000. Barclays PLC increased its position in shares of Eneti by 88.3% during the first quarter. Barclays PLC now owns 11,196 shares of the company’s stock worth $105,000 after acquiring an additional 5,250 shares during the period. Strs Ohio purchased a new stake in shares of Eneti during the first quarter worth $503,000. Finally, ETF Managers Group LLC purchased a new stake in shares of Eneti during the first quarter worth $77,000. Hedge funds and other institutional investors own 71.42% of the company’s stock.

Eneti Stock Performance

NYSE NETI opened at $10.84 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.76 and a current ratio of 2.87. Eneti Inc. has a 1 year low of $6.62 and a 1 year high of $13.54. The company has a fifty day moving average of $12.16 and a two-hundred day moving average of $10.45.

Eneti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.04 annualized dividend and a yield of 0.37%. Eneti’s dividend payout ratio is presently -7.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NETI shares. TheStreet downgraded shares of Eneti from a “c-” rating to a “d+” rating in a research note on Wednesday, August 9th. Citigroup downgraded shares of Eneti from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Thursday, June 22nd.

Check Out Our Latest Analysis on Eneti

Eneti Profile

(Free Report)

Eneti Inc engages in offshore wind and marine-based renewable energy businesses. It owns and operates five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc and changed its name to Eneti Inc in February 2021. Eneti Inc was incorporated in 2013 and is based in Monaco.

Institutional Ownership by Quarter for Eneti (NYSE:NETI)

Receive News & Ratings for Eneti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eneti and related companies with MarketBeat.com's FREE daily email newsletter.