56,447 Shares in Teekay Tankers Ltd. (NYSE:TNK) Acquired by Numerai GP LLC

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

A number of other institutional investors also recently added to or reduced their stakes in TNK. Barclays PLC increased its position in shares of Teekay Tankers by 273.7% in the 3rd quarter. Barclays PLC now owns 31,472 shares of the shipping company’s stock valued at $1,833,000 after purchasing an additional 23,051 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Teekay Tankers during the 4th quarter worth $5,131,000. ABC Arbitrage SA acquired a new position in shares of Teekay Tankers during the fourth quarter worth $372,000. Proficio Capital Partners LLC acquired a new position in shares of Teekay Tankers during the fourth quarter worth $629,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Teekay Tankers in the fourth quarter valued at $310,000. Hedge funds and other institutional investors own 52.67% of the company’s stock.

Teekay Tankers Trading Up 0.4%

Shares of NYSE:TNK opened at $45.53 on Wednesday. The firm has a 50 day simple moving average of $39.56 and a 200-day simple moving average of $40.92. Teekay Tankers Ltd. has a twelve month low of $33.35 and a twelve month high of $74.20. The company has a market capitalization of $1.56 billion, a PE ratio of 4.02 and a beta of -0.10.

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

Teekay Tankers Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. 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%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Evercore ISI cut their price target on Teekay Tankers from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Teekay Tankers in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

About Teekay Tankers

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.