FourThought Financial Partners LLC Acquires New Position in Tsakos Energy Navigation Ltd $TEN

FourThought Financial Partners LLC bought a new position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,764 shares of the company’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEN. EverSource Wealth Advisors LLC grew its stake in shares of Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after acquiring an additional 993 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Tsakos Energy Navigation in the second quarter valued at $58,000. Osaic Holdings Inc. boosted its holdings in Tsakos Energy Navigation by 9.6% in the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock valued at $150,000 after purchasing an additional 684 shares during the period. State of Wyoming acquired a new position in Tsakos Energy Navigation during the 3rd quarter worth $198,000. Finally, MQS Management LLC purchased a new stake in Tsakos Energy Navigation during the 3rd quarter worth about $222,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Trading Down 1.7%

NYSE:TEN opened at $37.12 on Thursday. Tsakos Energy Navigation Ltd has a 1 year low of $13.40 and a 1 year high of $38.87. The stock has a market cap of $1.12 billion, a P/E ratio of 8.32 and a beta of -0.27. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.30. The stock has a 50-day simple moving average of $28.61 and a 200-day simple moving average of $25.04.

Tsakos Energy Navigation (NYSE:TEN) last issued its earnings results on Friday, March 6th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.93. The business had revenue of $182.96 million for the quarter, compared to analyst estimates of $162.84 million. Tsakos Energy Navigation had a return on equity of 26.29% and a net margin of 20.15%. As a group, analysts anticipate that Tsakos Energy Navigation Ltd will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TEN. Clarkson Capital started coverage on Tsakos Energy Navigation in a research report on Monday, December 15th. They issued a “buy” rating and a $35.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Friday, January 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price target on shares of Tsakos Energy Navigation in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.50.

About Tsakos Energy Navigation

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.