108,874 Shares in Teekay Co. (NYSE:TK) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of Teekay Co. (NYSE:TK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 108,874 shares of the shipping company's stock, valued at approximately $754,000. Graham Capital Management L.P. owned 0.12% of Teekay as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TK. Barclays PLC increased its holdings in shares of Teekay by 267.9% during the 3rd quarter. Barclays PLC now owns 80,046 shares of the shipping company's stock worth $736,000 after purchasing an additional 58,290 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Teekay by 108.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company's stock worth $6,489,000 after purchasing an additional 367,527 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Teekay during the 4th quarter worth about $295,000. SG Americas Securities LLC boosted its position in shares of Teekay by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 45,400 shares of the shipping company's stock valued at $315,000 after acquiring an additional 10,173 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Teekay by 33.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 45,770 shares of the shipping company's stock valued at $317,000 after acquiring an additional 11,469 shares in the last quarter. Institutional investors own 46.73% of the company's stock.

Teekay Stock Performance

Shares of Teekay stock opened at $8.15 on Thursday. The firm's 50-day simple moving average is $6.78 and its 200-day simple moving average is $7.02. Teekay Co. has a twelve month low of $5.65 and a twelve month high of $9.95. The firm has a market cap of $748.46 million, a P/E ratio of 5.78 and a beta of 0.37.

Teekay (NYSE:TK - Get Free Report) last issued its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. Teekay had a net margin of 10.96% and a return on equity of 5.67%. The business had revenue of $161.63 million for the quarter.

Teekay Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is currently 17.73%.

Teekay Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.

Want to see what other hedge funds are holding TK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teekay Co. (NYSE:TK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.