Numerai GP LLC Invests $2.25 Million in Teekay Tankers Ltd. (NYSE:TNK)

Numerai GP LLC purchased a new position in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 56,447 shares of the shipping company's stock, valued at approximately $2,246,000. Numerai GP LLC owned about 0.16% of Teekay Tankers at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Teekay Tankers in the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. acquired a new stake in shares of Teekay Tankers in the fourth quarter valued at approximately $77,000. New Age Alpha Advisors LLC acquired a new stake in shares of Teekay Tankers in the fourth quarter valued at approximately $132,000. BNP Paribas Financial Markets acquired a new stake in shares of Teekay Tankers in the fourth quarter valued at approximately $143,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Teekay Tankers by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock valued at $168,000 after purchasing an additional 286 shares during the last quarter. 52.67% of the stock is currently owned by institutional investors and hedge funds.

Teekay Tankers Trading Up 2.1%

Shares of NYSE TNK traded up $0.95 during mid-day trading on Friday, reaching $46.84. The company had a trading volume of 613,319 shares, compared to its average volume of 395,309. The firm has a 50 day simple moving average of $40.11 and a two-hundred day simple moving average of $40.92. The stock has a market cap of $1.61 billion, a P/E ratio of 4.14 and a beta of -0.10. Teekay Tankers Ltd. has a 52-week low of $33.35 and a 52-week high of $74.20.

Teekay Tankers (NYSE:TNK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The shipping company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.32). Teekay Tankers had a return on equity of 20.67% and a net margin of 34.55%. The business had revenue of $115.64 million for the quarter, compared to analyst estimates of $146.31 million. During the same quarter in the prior year, the company earned $4.23 EPS. The firm's revenue for the quarter was down 37.1% on a year-over-year basis. On average, equities analysts expect that Teekay Tankers Ltd. will post 7.13 EPS for the current year.

Teekay Tankers Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $1.00 dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Monday, May 19th. This is an increase from Teekay Tankers's previous -- dividend of $0.25. Teekay Tankers's dividend payout ratio (DPR) is currently 10.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore ISI cut their target price on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and set a $55.00 target price on shares of Teekay Tankers in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.67.

About Teekay Tankers

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.