GSA Capital Partners LLP Buys New Holdings in Tsakos Energy Navigation Ltd $TEN

GSA Capital Partners LLP bought a new stake in Tsakos Energy Navigation Ltd (NYSE:TEN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 40,253 shares of the company’s stock, valued at approximately $902,000.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after purchasing an additional 993 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of Tsakos Energy Navigation by 255.6% in the fourth quarter. Morse Asset Management Inc now owns 2,845 shares of the company’s stock valued at $64,000 after purchasing an additional 2,045 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Tsakos Energy Navigation in the second quarter valued at $58,000. Osaic Holdings Inc. raised its stake in shares of 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 in the last quarter. Finally, State of Wyoming acquired a new position in Tsakos Energy Navigation during the third quarter worth $198,000. 19.24% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Stock Performance

Tsakos Energy Navigation stock opened at $42.61 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.95 and a quick ratio of 0.92. The stock has a fifty day moving average price of $39.75 and a two-hundred day moving average price of $31.09. Tsakos Energy Navigation Ltd has a 52-week low of $17.14 and a 52-week high of $45.85. The firm has a market capitalization of $1.28 billion, a P/E ratio of 6.94 and a beta of -0.27.

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

Analyst Ratings Changes

Several research analysts have issued reports on TEN shares. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.50.

Insider Activity at Tsakos Energy Navigation

In other Tsakos Energy Navigation news, CEO Nikolaos Tsakos bought 12,500 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $39.92 per share, for a total transaction of $499,000.00. Following the completion of the acquisition, the chief executive officer owned 906,000 shares of the company’s stock, valued at approximately $36,167,520. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.41% of the company’s stock.

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.