Semanteon Capital Management LP Invests $776,000 in Tsakos Energy Navigation Limited (NYSE:TNP)

Semanteon Capital Management LP bought a new position in Tsakos Energy Navigation Limited (NYSE:TNP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,916 shares of the shipping company's stock, valued at approximately $776,000. Semanteon Capital Management LP owned about 0.12% of Tsakos Energy Navigation as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Foundation Resource Management Inc. boosted its stake in shares of Tsakos Energy Navigation by 18.9% in the fourth quarter. Foundation Resource Management Inc. now owns 367,102 shares of the shipping company's stock worth $8,157,000 after buying an additional 58,451 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tsakos Energy Navigation by 17.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 203,398 shares of the shipping company's stock worth $4,227,000 after buying an additional 30,091 shares during the last quarter. Glenorchy Capital Ltd purchased a new stake in shares of Tsakos Energy Navigation in the fourth quarter worth about $2,106,000. Stifel Financial Corp boosted its stake in shares of Tsakos Energy Navigation by 18.4% in the third quarter. Stifel Financial Corp now owns 88,479 shares of the shipping company's stock worth $1,839,000 after buying an additional 13,778 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Tsakos Energy Navigation by 25.1% in the 3rd quarter. GSA Capital Partners LLP now owns 69,056 shares of the shipping company's stock worth $1,435,000 after purchasing an additional 13,858 shares during the period. Hedge funds and other institutional investors own 19.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com raised Tsakos Energy Navigation from a "hold" rating to a "buy" rating in a report on Saturday, April 13th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $30.00 price target on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th.

Tsakos Energy Navigation Price Performance

NYSE TNP traded up $0.57 during trading hours on Friday, reaching $25.92. The company's stock had a trading volume of 187,088 shares, compared to its average volume of 272,611. The company's 50-day moving average is $24.85 and its two-hundred day moving average is $23.25. Tsakos Energy Navigation Limited has a 1-year low of $15.50 and a 1-year high of $27.20. The firm has a market capitalization of $764.80 million, a price-to-earnings ratio of 2.87 and a beta of -0.14.

Tsakos Energy Navigation (NYSE:TNP - Get Free Report) last announced its earnings results on Wednesday, March 27th. The shipping company reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.03). Tsakos Energy Navigation had a net margin of 33.74% and a return on equity of 44.36%. The firm had revenue of $183.57 million for the quarter, compared to analyst estimates of $185.35 million. Equities analysts forecast that Tsakos Energy Navigation Limited will post 9.24 EPS for the current fiscal year.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.

Want to see what other hedge funds are holding TNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tsakos Energy Navigation Limited (NYSE:TNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.