During August, the number of short positions held in Civeo Company significantly decreased (NYSE: CVEO). There were 45,500 shares available for a short sale as of July 31. However, as of August 15, there were only 36,300 shares available for sale, representing a fall of 20.2% from the total number of shares that were available for a short sale on July 31.
Based on an average daily trading volume of 50,600 shares, the current short-interest ratio is 0.7 days. This number is calculated. There is a short sale of around 0.3% of the corporation’s total number of outstanding shares. On August 18, Senior Vice President Allan Schoening sold 4,000 shares of the company’s stock. This piece of information is relevant to this topic of discussion. The stock was sold on the open market for $30.30 per share, bringing the total amount from the transaction to $121,200.00.
After the deal’s completion, the senior vice president has direct ownership of 18,421 business shares, which have a total value of $558,156.30. Following the link provided in the previous line, you will be able to examine the filing made with the Securities and Exchange Commission that made the transaction public knowledge. On Friday, August 12, the leading shareholder in the company, Lance Torgerson, disposed of 374,753 of the company’s shares by selling them. It was one of the other developments. Because of the transaction, the corporate insider now directly owns 160,102 shares of the company.
Based on the current stock price, these shares are estimated to be worth around $4,385,193.78. Following the link in the previous sentence will take you to the paperwork submitted to the Securities and Exchange Commission, where you will find the transaction disclosure. Additionally, on August 18, senior vice president Allan Schoening sold 4,000 shares of Civeo stock. As a result of the transaction, the senior vice president now owns 18,421 shares of the company.
Disclosures that are related to the sale might be found in this section of the website. Company insiders own 3.80% of the total shares outstanding in the company. Several hedge funds have changed the number of CVEO shares they own in recent months. During the second quarter, Moors & Cabot Inc. boosted the number of Civeo shares it held by 2.0%, bringing the total number of shares it owned to 100%. Following the acquisition of 864 additional shares during the most recent fiscal quarter, Moors & Cabot Inc. now owns 43,669 shares in the business services provider, which has a value of $1,130,000. These shares are purchased to bring the total number of shares owned by the company up to 43,669. During the first three months of the year, RBF Capital LLC increased the number of Civeo shares it had in its portfolio by 1.3%.
After purchasing an additional 1,000 shares during the most recent quarter, RBF Capital LLC now has 80,907 shares of the business services provider’s stock, which has a value of $1,924,000. It brings the total number of shares that the company owns to 80,907. During the second quarter, Mad River Investors successfully elevated the proportion of Civeo shares it owned by 0.4%. After making an extra purchase of 1,334 shares during the most recent fiscal quarter, Mad River Investors now possesses 342,333 stock held by the business services provider. The current value of these shares, when traded on the market, is $8,856,000. During the first three months of the year, Acadian Asset Management LLC increased the proportion of Civeo shares it owned by 33.2%. Acadian Asset Management LLC increased the value of its holdings by $124,000 by purchasing 1,342 extra shares of the company’s stock fourteen weeks ago.
It brought the total value of its holdings to $124,000. And finally, during the second quarter, Truist Financial Corporation increased its holdings in Civeo stock by 1.9% by purchasing more shares. After purchasing an additional 1,527 shares throughout the month, Truist Financial Corp is now the owner of 80,624 shares of the business services provider’s stock. The current value of these shares, when traded on the market, is $2,086,000. To 72.02 percent, the company’s stock is owned by institutional investors and hedge funds. When trading started on Monday, a share of Civeo stock was going for $29.47 per share. The market capitalization of the company is $417.41 million.
The share price of the company’s stock has averaged $26.01 over the past 200 days, while it has traded at $26.98 over the previous fifty days. There is a current ratio of 1.42, a quick ratio of 1.36, and a debt-to-equity ratio of 0.41. The quick ratio is 1.36, and the debt-to-equity ratio is 0.41. On July 29, which was a Friday, Civeo (NYSE: CVEO) announced the most current quarterly results report that it had produced. The company that provides business services announced results for the quarter of $0.54 per share, which is $0.02 more than the consensus expectation of $0.52 per share. Civeo had a return on equity of 7.24 percent, while the net margin for the company was 3.28%. Actual sales for the quarter came in at $184.95 million, which was much higher than the industry analysts’ average forecast of $177.22 million for the amount of revenue generated during the period.
Equity analysts project that Civeo will make $0.08 in earnings per share during the forthcoming fiscal year. This projection comes from the analysts’ analysis of historical data. The hospitality services provided by the Civeo Corporation are available to the natural resource industry in the United States of America, Canada, and Australia, all of which can take advantage of these services. The company builds permanent and temporary buildings, like lodges and villages, and modular, skid-mounted homes and central facilities where workers can live for short or long periods.