Jump Financial LLC Purchases Shares of 60,395 Teekay Tankers Ltd. (NYSE:TNK)

Jump Financial LLC acquired a new position in shares of Teekay Tankers Ltd. (NYSE:TNK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 60,395 shares of the shipping company’s stock, valued at approximately $2,403,000.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Teekay Tankers by 7.8% during the 4th quarter. American Century Companies Inc. now owns 914,657 shares of the shipping company’s stock worth $36,394,000 after acquiring an additional 66,332 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Teekay Tankers by 9.7% during the third quarter. Principal Financial Group Inc. now owns 906,700 shares of the shipping company’s stock worth $52,815,000 after purchasing an additional 80,217 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Teekay Tankers by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 602,412 shares of the shipping company’s stock valued at $23,970,000 after buying an additional 10,900 shares during the last quarter. Geode Capital Management LLC raised its stake in Teekay Tankers by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 320,965 shares of the shipping company’s stock valued at $12,771,000 after buying an additional 2,978 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in Teekay Tankers during the 4th quarter worth about $8,980,000. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Tankers Price Performance

NYSE TNK opened at $39.85 on Friday. The company has a fifty day moving average of $38.38 and a two-hundred day moving average of $42.61. Teekay Tankers Ltd. has a 1 year low of $33.35 and a 1 year high of $74.20. The company has a market capitalization of $1.37 billion, a PE ratio of 3.52 and a beta of -0.16.

Teekay Tankers (NYSE:TNK) last released its quarterly earnings results on Wednesday, February 19th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The firm had revenue of $163.42 million for the quarter, compared to the consensus estimate of $158.26 million. On average, research analysts expect that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 2.51%. Teekay Tankers’s dividend payout ratio (DPR) is 8.83%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Teekay Tankers in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Teekay Tankers Profile

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.