GSA Capital Partners LLP Grows Stake in Teekay Corporation Ltd. (NYSE:TK)

GSA Capital Partners LLP increased its position in Teekay Corporation Ltd. (NYSE:TK - Free Report) by 150.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,021 shares of the shipping company's stock after acquiring an additional 81,192 shares during the period. GSA Capital Partners LLP owned about 0.15% of Teekay worth $887,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Teekay by 381.8% during the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company's stock valued at $27,000 after purchasing an additional 3,280 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Teekay by 68.2% in the first quarter. Parallel Advisors LLC now owns 7,406 shares of the shipping company's stock worth $49,000 after buying an additional 3,002 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Teekay during the 4th quarter valued at about $56,000. New York State Common Retirement Fund grew its stake in shares of Teekay by 20.9% during the 1st quarter. New York State Common Retirement Fund now owns 10,425 shares of the shipping company's stock valued at $68,000 after acquiring an additional 1,802 shares during the period. Finally, Pinnacle Holdings LLC increased its holdings in Teekay by 100.0% in the 4th quarter. Pinnacle Holdings LLC now owns 10,028 shares of the shipping company's stock worth $69,000 after acquiring an additional 5,014 shares in the last quarter. Hedge funds and other institutional investors own 46.73% of the company's stock.

Teekay Price Performance

Teekay stock opened at $7.24 on Friday. The firm has a market capitalization of $664.89 million, a P/E ratio of 5.13 and a beta of 0.47. Teekay Corporation Ltd. has a 1-year low of $5.65 and a 1-year high of $9.78. The company's 50-day moving average is $8.17 and its 200 day moving average is $7.39.

Teekay Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. Teekay's dividend payout ratio (DPR) is currently 17.73%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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.

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