Squarepoint Ops LLC Buys Shares of 59,912 Teekay Co. (NYSE:TK)

Squarepoint Ops LLC bought a new stake in shares of Teekay Co. (NYSE:TK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 59,912 shares of the shipping company's stock, valued at approximately $415,000. Squarepoint Ops LLC owned approximately 0.07% of Teekay as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC purchased a new position in shares of Teekay in the 4th quarter worth about $80,000. Stratos Wealth Advisors LLC purchased a new position in Teekay in the fourth quarter worth about $93,000. Moloney Securities Asset Management LLC purchased a new position in Teekay in the fourth quarter worth about $104,000. Empowered Funds LLC purchased a new stake in shares of Teekay during the fourth quarter valued at approximately $4,945,000. Finally, Savant Capital LLC purchased a new stake in shares of Teekay during the fourth quarter valued at approximately $95,000. 46.73% of the stock is currently owned by hedge funds and other institutional investors.

Teekay Stock Performance

Shares of NYSE:TK traded down $0.07 during midday trading on Monday, reaching $8.55. 169,621 shares of the company's stock traded hands, compared to its average volume of 762,846. Teekay Co. has a one year low of $5.65 and a one year high of $9.78. The company has a market cap of $784.74 million, a price-to-earnings ratio of 6.06 and a beta of 0.48. The stock has a 50 day moving average of $7.41 and a 200 day moving average of $7.07.

Teekay Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Teekay from a "buy" rating to a "hold" rating in a report on Monday, May 19th.

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.