Sanctuary Advisors LLC Takes Position in Tsakos Energy Navigation Ltd $TEN

Sanctuary Advisors LLC acquired a new position in Tsakos Energy Navigation Ltd (NYSE:TEN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,356 shares of the company’s stock, valued at approximately $1,001,000. Sanctuary Advisors LLC owned 0.08% of Tsakos Energy Navigation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TEN. Tudor Investment Corp ET AL grew its position in shares of Tsakos Energy Navigation by 51.2% in the third quarter. Tudor Investment Corp ET AL now owns 77,110 shares of the company’s stock valued at $1,713,000 after purchasing an additional 26,097 shares in the last quarter. Sagil Capital LLP lifted its holdings in Tsakos Energy Navigation by 13.7% during the 4th quarter. Sagil Capital LLP now owns 861,366 shares of the company’s stock worth $19,312,000 after purchasing an additional 103,801 shares in the last quarter. Marnell Management LLC bought a new position in shares of Tsakos Energy Navigation in the fourth quarter valued at approximately $762,000. GSA Capital Partners LLP purchased a new position in shares of Tsakos Energy Navigation during the 4th quarter valued at $902,000. Finally, Savant Capital LLC grew 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 in the last quarter. Institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Stock Performance

Shares of TEN stock opened at $39.33 on Friday. The company’s fifty day moving average price is $38.86 and its 200-day moving average price is $35.66. The stock has a market cap of $1.18 billion, a PE ratio of 6.40 and a beta of -0.28. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. Tsakos Energy Navigation Ltd has a 12 month low of $18.80 and a 12 month high of $45.85.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings results on Thursday, May 21st. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $223.12 million during the quarter, compared to analysts’ expectations of $208.77 million.

Tsakos Energy Navigation Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd will be issued a dividend of $1.00 per share. This represents a dividend yield of 507.0%. The ex-dividend date is Thursday, July 23rd. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 32.57%.

Insider Activity at Tsakos Energy Navigation

In related news, CEO Nikolaos Tsakos purchased 12,500 shares of the business’s stock in a transaction that occurred on 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 purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports 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 shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.