Numerai GP LLC Buys Shares of 56,447 Teekay Tankers Ltd. (NYSE:TNK)

Numerai GP LLC purchased a new position in shares of Teekay Tankers Ltd. (NYSE:TNK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 56,447 shares of the shipping company’s stock, valued at approximately $2,246,000. Numerai GP LLC owned about 0.16% of Teekay Tankers at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TNK. Barclays PLC grew its position in Teekay Tankers by 273.7% in the third quarter. Barclays PLC now owns 31,472 shares of the shipping company’s stock worth $1,833,000 after acquiring an additional 23,051 shares during the period. Franklin Resources Inc. purchased a new stake in Teekay Tankers in the fourth quarter valued at $5,131,000. ABC Arbitrage SA acquired a new position in shares of Teekay Tankers in the 4th quarter valued at $372,000. Proficio Capital Partners LLC purchased a new position in shares of Teekay Tankers during the 4th quarter worth $629,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Teekay Tankers during the 4th quarter worth $310,000. Institutional investors and hedge funds own 52.67% of the company’s stock.

Analyst Ratings Changes

TNK has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price objective on shares of Teekay Tankers in a report on Thursday, May 8th. Evercore ISI reduced their price target on shares of Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

Teekay Tankers Stock Up 0.4%

TNK opened at $45.53 on Wednesday. Teekay Tankers Ltd. has a 52 week low of $33.35 and a 52 week high of $74.20. The business has a fifty day simple moving average of $39.56 and a 200-day simple moving average of $40.92. The firm has a market cap of $1.56 billion, a P/E ratio of 4.02 and a beta of -0.10.

Teekay Tankers (NYSE:TNK) last announced its earnings results on Wednesday, May 7th. The shipping company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.32). The firm had revenue of $115.64 million for the quarter, compared to analysts’ expectations of $146.31 million. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The business’s revenue was down 37.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.23 earnings per share. Sell-side analysts expect that Teekay Tankers Ltd. will post 7.13 earnings per share for the current year.

Teekay Tankers Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 2.3%. This is a boost from Teekay Tankers’s previous — dividend of $0.25. Teekay Tankers’s payout ratio is 10.72%.

Teekay Tankers Company 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.