Jump Financial LLC Makes New $2.40 Million Investment in Teekay Tankers Ltd. (NYSE:TNK)

Jump Financial LLC purchased a new stake in Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60,395 shares of the shipping company's stock, valued at approximately $2,403,000. Jump Financial LLC owned about 0.18% of Teekay Tankers at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in Teekay Tankers by 273.7% during the third quarter. Barclays PLC now owns 31,472 shares of the shipping company's stock worth $1,833,000 after purchasing an additional 23,051 shares during the last quarter. Principal Financial Group Inc. raised its stake in Teekay Tankers by 9.7% during the third quarter. Principal Financial Group Inc. now owns 906,700 shares of the shipping company's stock worth $52,815,000 after acquiring an additional 80,217 shares during the period. Franklin Resources Inc. acquired a new position in shares of Teekay Tankers during the fourth quarter valued at approximately $5,131,000. ABC Arbitrage SA bought a new stake in shares of Teekay Tankers in the 4th quarter worth $372,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Teekay Tankers during the fourth quarter worth $629,000. 52.67% of the stock is owned by institutional investors and hedge funds.

Teekay Tankers Trading Up 2.0 %

Shares of NYSE:TNK traded up $0.77 on Thursday, reaching $40.16. 349,030 shares of the company's stock were exchanged, compared to its average volume of 371,655. The company has a fifty day moving average of $38.25 and a 200-day moving average of $42.15. 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 $1.38 billion, a price-to-earnings ratio of 3.54 and a beta of -0.16.

Teekay Tankers (NYSE:TNK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Teekay Tankers had a net margin of 34.55% and a return on equity of 20.67%. The business had revenue of $163.42 million during the quarter, compared to the consensus estimate of $158.26 million. As a group, equities research analysts forecast that Teekay Tankers Ltd. will post 7.13 EPS for the current fiscal year.

Teekay Tankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Monday, March 3rd. Teekay Tankers's dividend payout ratio is 8.83%.

Wall Street Analysts Forecast Growth

TNK has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Tuesday. Jefferies Financial Group restated a "buy" rating and issued a $55.00 target price on shares of Teekay Tankers in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

Teekay Tankers Company Profile

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.