GSA Capital Partners LLP Sells 33,991 Shares of Teekay Co. (NYSE:TK)

GSA Capital Partners LLP cut its holdings in Teekay Co. (NYSE:TK) by 35.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,069 shares of the shipping company’s stock after selling 33,991 shares during the quarter. GSA Capital Partners LLP’s holdings in Teekay were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Teekay by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock worth $49,579,000 after buying an additional 176,641 shares during the period. Renaissance Technologies LLC lifted its holdings in Teekay by 19.2% in the second quarter. Renaissance Technologies LLC now owns 4,026,075 shares of the shipping company’s stock worth $36,114,000 after buying an additional 649,900 shares during the period. Acadian Asset Management LLC lifted its holdings in Teekay by 2.9% in the second quarter. Acadian Asset Management LLC now owns 1,763,197 shares of the shipping company’s stock worth $15,808,000 after buying an additional 50,077 shares during the period. American Century Companies Inc. lifted its holdings in Teekay by 27.2% in the second quarter. American Century Companies Inc. now owns 1,546,328 shares of the shipping company’s stock worth $13,871,000 after buying an additional 331,002 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Teekay by 3.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 691,897 shares of the shipping company’s stock worth $5,037,000 after buying an additional 21,075 shares during the period. 46.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Teekay from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 28th.

Teekay Stock Performance

TK stock opened at $7.93 on Wednesday. The firm has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.56. Teekay Co. has a 52-week low of $6.41 and a 52-week high of $9.95. The firm has a market capitalization of $728.29 million, a price-to-earnings ratio of 5.29 and a beta of 0.60.

Teekay Announces Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, December 4th. Teekay’s payout ratio is 16.67%.

Teekay Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.