Boothbay Fund Management LLC Has $4.04 Million Stock Holdings in Tenaris S.A. (NYSE:TS)

Boothbay Fund Management LLC trimmed its holdings in Tenaris S.A. (NYSE:TS - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,996 shares of the industrial products company's stock after selling 21,727 shares during the period. Boothbay Fund Management LLC's holdings in Tenaris were worth $4,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TS. Versant Capital Management Inc purchased a new stake in shares of Tenaris during the 4th quarter valued at about $28,000. GAMMA Investing LLC grew its stake in Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Tenaris in the 4th quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Tenaris by 291.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock worth $65,000 after acquiring an additional 1,284 shares in the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Trading Down 1.5 %

Tenaris stock traded down $0.50 on Wednesday, reaching $33.24. 2,014,546 shares of the stock were exchanged, compared to its average volume of 1,754,062. The stock has a market cap of $19.33 billion, a PE ratio of 9.21 and a beta of 1.21. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.87. The firm has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $36.67.

Tenaris (NYSE:TS - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.15. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The business's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. Equities analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is a positive change from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio is currently 31.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America lowered shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Piper Sandler raised their price objective on shares of Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.00.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.