Capital Fund Management S.A. Purchases 13,550 Shares of Teekay Tankers Ltd. (NYSE:TNK)

Capital Fund Management S.A. grew its holdings in shares of Teekay Tankers Ltd. (NYSE:TNK - Free Report) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,005 shares of the shipping company's stock after purchasing an additional 13,550 shares during the quarter. Capital Fund Management S.A. owned about 0.22% of Teekay Tankers worth $3,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. R Squared Ltd bought a new position in shares of Teekay Tankers in the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in shares of Teekay Tankers during the fourth quarter worth about $77,000. New Age Alpha Advisors LLC purchased a new stake in Teekay Tankers in the fourth quarter valued at approximately $132,000. Steward Partners Investment Advisory LLC increased its holdings 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 buying an additional 286 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Teekay Tankers during the 3rd quarter worth $329,000. Institutional investors own 52.67% of the company's stock.

Teekay Tankers Price Performance

NYSE TNK traded up $1.54 during mid-day trading on Friday, reaching $39.85. The stock had a trading volume of 359,140 shares, compared to its average volume of 368,702. The company has a fifty day moving average price of $38.43 and a 200 day moving average price of $42.73. 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 $1.37 billion, a PE ratio of 3.52 and a beta of -0.16.

Teekay Tankers (NYSE:TNK - Get Free Report) last announced its earnings results on Wednesday, February 19th. The shipping company reported $1.50 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 business had revenue of $163.42 million during the quarter, compared to analysts' expectations 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 firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Monday, March 3rd. Teekay Tankers's dividend payout ratio (DPR) is presently 8.83%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 target price on shares of Teekay Tankers in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $62.00.

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.