Y Intercept Hong Kong Ltd Sells 17,065 Shares of Tsakos Energy Navigation Ltd $TEN

Y Intercept Hong Kong Ltd cut its position in shares of Tsakos Energy Navigation Ltd (NYSE:TEN) by 60.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,357 shares of the company’s stock after selling 17,065 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Tsakos Energy Navigation were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TEN. Osaic Holdings Inc. grew its holdings in 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 purchasing an additional 684 shares during the period. Savant Capital LLC increased its position in Tsakos Energy Navigation by 6.6% during the fourth quarter. Savant Capital LLC now owns 13,356 shares of the company’s stock worth $299,000 after buying an additional 825 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after buying an additional 993 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of Tsakos Energy Navigation by 1.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 78,555 shares of the company’s stock valued at $1,761,000 after buying an additional 1,445 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Tsakos Energy Navigation by 13.2% in the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after buying an additional 1,482 shares during the last quarter. 19.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TEN has been the topic of a number of recent analyst reports. Wall Street Zen raised Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.50.

Insider Transactions at Tsakos Energy Navigation

In other news, CEO Nikolaos Tsakos acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $39.92 per share, with a total value of $499,000.00. Following the acquisition, the chief executive officer directly owned 906,000 shares in the company, valued at $36,167,520. This represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Tsakos Energy Navigation Stock Performance

Shares of TEN stock opened at $39.91 on Wednesday. Tsakos Energy Navigation Ltd has a 52 week low of $18.80 and a 52 week high of $45.85. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.50 and a beta of -0.28. The company has a 50-day simple moving average of $39.49 and a 200 day simple moving average of $34.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings results on Thursday, May 21st. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.65. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%. The firm had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.

Tsakos Energy Navigation Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 23rd will be paid a $1.00 dividend. The ex-dividend date is Thursday, July 23rd. This represents a yield of 515.0%. Tsakos Energy Navigation’s payout ratio is 26.06%.

Tsakos Energy Navigation Company 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.