Cooper Creek Partners Management LLC bought a new stake in shares of Tsakos Energy Navigation Ltd (NYSE:TEN – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 397,557 shares of the company’s stock, valued at approximately $15,688,000. Cooper Creek Partners Management LLC owned 1.32% of Tsakos Energy Navigation at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of TEN. EverSource Wealth Advisors LLC lifted its position in Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after purchasing an additional 993 shares during the last quarter. Barclays PLC bought a new position in shares of Tsakos Energy Navigation in the fourth quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its stake in shares of Tsakos Energy Navigation by 186.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company’s stock worth $54,000 after buying an additional 1,585 shares during the period. Summit Securities Group LLC purchased a new position in shares of Tsakos Energy Navigation in the fourth quarter worth $56,000. Finally, Raymond James Financial Inc. bought a new stake in Tsakos Energy Navigation during the 2nd quarter valued at $58,000. 19.24% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Nikolaos Tsakos purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average cost of $39.92 per share, with a total value of $499,000.00. Following the completion of the purchase, the chief executive officer directly owned 906,000 shares in the company, valued at approximately $36,167,520. This represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.41% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on Tsakos Energy Navigation
Tsakos Energy Navigation Stock Performance
Shares of TEN stock opened at $39.33 on Friday. The stock has a fifty day moving average of $38.86 and a 200 day moving average of $35.66. Tsakos Energy Navigation Ltd has a 52 week low of $18.80 and a 52 week high of $45.85. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 6.40 and a beta of -0.28. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87.
Tsakos Energy Navigation (NYSE:TEN – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.
Tsakos Energy Navigation Dividend Announcement
The business also recently announced a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a dividend yield of 507.0%. Tsakos Energy Navigation’s payout ratio is presently 32.57%.
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.
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