Tsakos Energy Navigation Ltd $TEN Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. raised its stake in Tsakos Energy Navigation Ltd (NYSE:TEN) by 297.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,633 shares of the company’s stock after purchasing an additional 72,293 shares during the quarter. Navellier & Associates Inc.’s holdings in Tsakos Energy Navigation were worth $3,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TEN. EverSource Wealth Advisors LLC lifted its position in Tsakos Energy Navigation by 312.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after acquiring an additional 993 shares in the last quarter. Barclays PLC purchased a new position in Tsakos Energy Navigation in the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC grew its position in Tsakos Energy Navigation by 186.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,435 shares of the company’s stock valued at $54,000 after acquiring an additional 1,585 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Tsakos Energy Navigation during the fourth quarter valued at approximately $56,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Tsakos Energy Navigation during the second quarter worth $58,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.50.

Insider Buying and Selling at Tsakos Energy Navigation

In other Tsakos Energy Navigation news, Director Clio Hatzimichalis sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $41.07, for a total value of $205,350.00. Following the completion of the sale, the director directly owned 5,000 shares in the company, valued at $205,350. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Tsakos Energy Navigation Stock Performance

TEN stock opened at $42.52 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95. The stock’s fifty day moving average is $39.46 and its two-hundred day moving average is $38.25. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 6.93 and a beta of -0.28. Tsakos Energy Navigation Ltd has a 1 year low of $20.50 and a 1 year high of $45.85.

Tsakos Energy Navigation Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were given a dividend of $1.00 per share. This represents a dividend yield of 507.0%. The ex-dividend date was Thursday, July 23rd. Tsakos Energy Navigation’s payout ratio is 32.57%.

Tsakos Energy Navigation Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.