Numerai GP LLC Buys Shares of 56,447 Teekay Tankers Ltd. (NYSE:TNK)

Numerai GP LLC purchased a new position in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,447 shares of the shipping company's stock, valued at approximately $2,246,000. Numerai GP LLC owned approximately 0.16% of Teekay Tankers as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Teekay Tankers by 7.8% in the fourth quarter. American Century Companies Inc. now owns 914,657 shares of the shipping company's stock valued at $36,394,000 after buying an additional 66,332 shares during the period. Renaissance Technologies LLC increased its stake in shares of Teekay Tankers by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 602,412 shares of the shipping company's stock valued at $23,970,000 after buying an additional 10,900 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Teekay Tankers by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 349,161 shares of the shipping company's stock valued at $13,893,000 after buying an additional 8,814 shares during the period. Geode Capital Management LLC increased its stake in shares of Teekay Tankers by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 320,965 shares of the shipping company's stock valued at $12,771,000 after buying an additional 2,978 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Teekay Tankers by 1.5% in the fourth quarter. Northern Trust Corp now owns 247,898 shares of the shipping company's stock valued at $9,864,000 after buying an additional 3,776 shares during the period. 52.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNK has been the subject of several recent research reports. Evercore ISI lowered their price objective 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 report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $50.67.

Teekay Tankers Trading Down 0.3%

NYSE:TNK traded down $0.12 on Monday, reaching $45.46. 91,311 shares of the stock traded hands, compared to its average volume of 394,377. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 4.02 and a beta of -0.10. The company's 50 day moving average is $40.11 and its 200-day moving average is $40.82. Teekay Tankers Ltd. has a 1-year low of $33.35 and a 1-year high of $74.20.

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

Teekay Tankers Increases Dividend

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

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.