GSA Capital Partners LLP Makes New Investment in Tsakos Energy Navigation Ltd $TEN

GSA Capital Partners LLP bought a new position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 40,253 shares of the company’s stock, valued at approximately $902,000. GSA Capital Partners LLP owned 0.13% of Tsakos Energy Navigation as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Tsakos Energy Navigation by 312.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after purchasing an additional 993 shares during the period. Raymond James Financial Inc. bought a new stake in Tsakos Energy Navigation during the second quarter worth approximately $58,000. Morse Asset Management Inc lifted its holdings in shares of Tsakos Energy Navigation by 255.6% during the fourth quarter. Morse Asset Management Inc now owns 2,845 shares of the company’s stock worth $64,000 after buying an additional 2,045 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Tsakos Energy Navigation by 9.6% during the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock worth $150,000 after buying an additional 684 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Tsakos Energy Navigation during the third quarter worth approximately $198,000. Institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Stock Down 4.2%

Shares of TEN stock opened at $42.61 on Friday. Tsakos Energy Navigation Ltd has a 12 month low of $17.14 and a 12 month high of $45.85. The firm has a market cap of $1.28 billion, a PE ratio of 6.94 and a beta of -0.27. The stock has a 50 day moving average of $39.75 and a 200-day moving average of $31.09. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings results on Thursday, May 21st. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.65. The company had revenue of $223.12 million during the quarter, compared to analyst estimates of $208.77 million. Tsakos Energy Navigation had a return on equity of 17.44% and a net margin of 24.81%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TEN shares. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.50.

Insider Activity at Tsakos Energy Navigation

In other news, CEO Nikolaos Tsakos bought 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $39.92 per share, for a total transaction of $499,000.00. Following the completion of the purchase, the chief executive officer owned 906,000 shares of the company’s stock, valued at $36,167,520. This trade represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.41% of the company’s stock.

Tsakos Energy Navigation Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.