Y Intercept Hong Kong Ltd Has $448,000 Stake in Tsakos Energy Navigation Ltd $TEN

Y Intercept Hong Kong Ltd lowered its holdings in Tsakos Energy Navigation Ltd (NYSE:TEN) by 60.0% in the first quarter, HoldingsChannel.com reports. The firm owned 11,357 shares of the company’s stock after selling 17,065 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tsakos Energy Navigation were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TEN. EverSource Wealth Advisors LLC raised its position 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 buying an additional 993 shares in the last quarter. Barclays PLC bought a new stake in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC grew its position in Tsakos Energy Navigation by 186.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company’s stock worth $54,000 after buying an additional 1,585 shares in the last quarter. Summit Securities Group LLC bought a new position in Tsakos Energy Navigation during the 4th quarter worth $56,000. Finally, Raymond James Financial Inc. bought a new position in Tsakos Energy Navigation during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

Tsakos Energy Navigation Stock Up 2.8%

Shares of NYSE TEN opened at $39.91 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 6.50 and a beta of -0.28. Tsakos Energy Navigation Ltd has a 12 month low of $18.80 and a 12 month high of $45.85. The stock has a 50-day moving average price of $39.49 and a two-hundred day moving average price of $34.80.

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

Tsakos Energy Navigation Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, July 23rd. This represents a yield of 515.0%. Tsakos Energy Navigation’s dividend payout ratio is presently 26.06%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently weighed in on TEN. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Monday, July 6th. Wall Street Zen upgraded Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation presently has a consensus rating of “Hold” and a consensus price target of $29.50.

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.