Connor Clark & Lunn Investment Management Ltd. Has $1.65 Million Holdings in Civeo Co. (NYSE:CVEO)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Civeo Co. (NYSE:CVEO) by 25.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 72,415 shares of the business services provider’s stock after purchasing an additional 14,583 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Civeo were worth $1,645,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Civeo during the 3rd quarter valued at about $68,000. SG Americas Securities LLC increased its stake in shares of 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 acquiring an additional 1,950 shares in the last quarter. State Street Corp bought a new stake in Civeo in the third quarter valued at $222,000. XTX Topco Ltd bought a new position in shares of Civeo during the 3rd quarter worth about $231,000. Finally, OFI Invest Asset Management bought a new stake in Civeo in the 4th quarter valued at about $878,000. Institutional investors own 81.44% of the company’s stock.

Civeo Stock Up 3.5 %

Shares of NYSE CVEO opened at $22.51 on Thursday. 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 50-day moving average price of $23.64 and a 200-day moving average price of $24.85. The stock has a market capitalization of $307.38 million, a P/E ratio of 16.08 and a beta of 2.03. Civeo Co. has a 1 year low of $20.26 and a 1 year high of $28.92.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Monday, February 24th. Civeo’s dividend payout ratio is -80.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Civeo from a “strong-buy” rating to a “buy” rating in a 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.