Nationwide Fund Advisors Has $148,000 Stake in Teekay Tankers Ltd. (NYSE:TNK)
Nationwide Fund Advisors lowered its stake in shares of Teekay Tankers Ltd. (NYSE:TNK) by 11.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,053 shares of the shipping company’s stock after selling 9,392 shares during the period. Nationwide Fund Advisors’ holdings in Teekay Tankers were worth $148,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TNK. Dimensional Fund Advisors LP boosted its position in Teekay Tankers by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,846,762 shares of the shipping company’s stock valued at $10,954,000 after buying an additional 273,093 shares during the last quarter. State Street Corp boosted its stake in shares of Teekay Tankers by 5.1% in the fourth quarter. State Street Corp now owns 1,778,927 shares of the shipping company’s stock worth $4,021,000 after buying an additional 85,736 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Teekay Tankers by 38.9% in the fourth quarter. Guggenheim Capital LLC now owns 897,531 shares of the shipping company’s stock worth $2,028,000 after buying an additional 251,553 shares in the last quarter. James Investment Research Inc. boosted its stake in shares of Teekay Tankers by 0.5% in the first quarter. James Investment Research Inc. now owns 319,330 shares of the shipping company’s stock worth $655,000 after buying an additional 1,540 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Teekay Tankers by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 217,200 shares of the shipping company’s stock worth $491,000 after buying an additional 10,163 shares in the last quarter. 41.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Teekay Tankers Ltd. (NYSE:TNK) traded down 2.34% during midday trading on Monday, hitting $1.67. 922,765 shares of the stock traded hands. The stock has a market cap of $276.22 million, a price-to-earnings ratio of 9.88 and a beta of 2.24. The company’s 50 day moving average price is $1.76 and its 200-day moving average price is $2.05. Teekay Tankers Ltd. has a 12-month low of $1.65 and a 12-month high of $3.12.
Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Thursday, August 3rd. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Teekay Tankers had a positive return on equity of 0.39% and a negative net margin of 7.38%. The company had revenue of $89.40 million for the quarter, compared to the consensus estimate of $80.68 million. During the same period in the previous year, the business earned $0.20 EPS. Teekay Tankers’s revenue for the quarter was down 36.0% compared to the same quarter last year. On average, equities research analysts expect that Teekay Tankers Ltd. will post ($0.03) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.12 annualized dividend and a yield of 7.02%. Teekay Tankers’s dividend payout ratio is presently -63.16%.
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A number of brokerages have recently issued reports on TNK. TheStreet cut shares of Teekay Tankers from a “c” rating to a “d+” rating in a research note on Thursday. BidaskClub raised shares of Teekay Tankers from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Teekay Tankers from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of Teekay Tankers from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Bank of America Corporation restated an “underperform” rating and set a $1.80 target price (down previously from $2.25) on shares of Teekay Tankers in a research report on Wednesday, May 17th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $2.31.
Teekay Tankers Company Profile
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
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