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

Jump Financial LLC acquired a new stake in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter.

Several other large investors have also recently modified their holdings of TNK. Steward Partners Investment Advisory LLC increased its stake in shares of Teekay Tankers by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,219 shares of the shipping company's stock worth $168,000 after acquiring an additional 286 shares in the last quarter. Kendall Capital Management grew its holdings in Teekay Tankers by 3.3% in the fourth quarter. Kendall Capital Management now owns 17,965 shares of the shipping company's stock worth $715,000 after purchasing an additional 580 shares during the period. Sterling Capital Management LLC increased its stake in shares of Teekay Tankers by 7.0% during the fourth quarter. Sterling Capital Management LLC now owns 10,555 shares of the shipping company's stock valued at $420,000 after purchasing an additional 686 shares in the last quarter. R Squared Ltd purchased a new position in shares of Teekay Tankers during the fourth quarter valued at approximately $41,000. Finally, Magnetar Financial LLC lifted its holdings in shares of Teekay Tankers by 30.3% during the fourth quarter. Magnetar Financial LLC now owns 6,221 shares of the shipping company's stock valued at $248,000 after purchasing an additional 1,445 shares during the last quarter. Hedge funds and other institutional investors own 52.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TNK shares. Evercore ISI reduced their price objective on Teekay Tankers from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Tuesday. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Teekay Tankers in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.67.

Teekay Tankers Price Performance

NYSE TNK traded up $1.37 during mid-day trading on Wednesday, reaching $39.42. The stock had a trading volume of 450,614 shares, compared to its average volume of 370,836. The company has a fifty day moving average price of $38.27 and a 200 day moving average price of $42.17. Teekay Tankers Ltd. has a 1 year low of $33.35 and a 1 year high of $74.20. The stock has a market cap of $1.35 billion, a PE ratio of 3.48 and a beta of -0.16.

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

Teekay Tankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, March 3rd. Teekay Tankers's payout ratio is currently 8.83%.

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.