Semanteon Capital Management LP Makes New $776,000 Investment in Tsakos Energy Navigation Limited (NYSE:TNP)

Semanteon Capital Management LP purchased a new position in shares of Tsakos Energy Navigation Limited (NYSE:TNP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,916 shares of the shipping company’s stock, valued at approximately $776,000.

A number of other large investors also recently made changes to their positions in the business. Glenorchy Capital Ltd purchased a new position in shares of Tsakos Energy Navigation during the 4th quarter worth $2,106,000. Raymond James & Associates purchased a new position in shares of Tsakos Energy Navigation during the 4th quarter worth $532,000. Foundation Resource Management Inc. raised its position in shares of Tsakos Energy Navigation by 18.9% in the 4th quarter. Foundation Resource Management Inc. now owns 367,102 shares of the shipping company’s stock worth $8,157,000 after buying an additional 58,451 shares during the period. Dfpg Investments LLC raised its position in shares of Tsakos Energy Navigation by 13.7% in the 4th quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock worth $596,000 after buying an additional 3,064 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of Tsakos Energy Navigation in the 3rd quarter worth $403,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Price Performance

NYSE TNP traded up $0.57 during trading hours on Friday, hitting $25.92. The company had a trading volume of 187,088 shares, compared to its average volume of 272,611. Tsakos Energy Navigation Limited has a fifty-two week low of $15.50 and a fifty-two week high of $27.20. The company has a market capitalization of $764.80 million, a price-to-earnings ratio of 2.87 and a beta of -0.14. The firm’s 50 day moving average is $24.85 and its 200 day moving average is $23.25.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Wednesday, March 27th. The shipping company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.03). The company had revenue of $183.57 million during the quarter, compared to analyst estimates of $185.35 million. Tsakos Energy Navigation had a net margin of 33.74% and a return on equity of 44.36%. On average, equities analysts anticipate that Tsakos Energy Navigation Limited will post 9.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TNP shares. StockNews.com raised Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $30.00 price target on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th.

Tsakos Energy Navigation Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.