Clio Hatzimichalis Sells 5,000 Shares of Tsakos Energy Navigation (NYSE:TEN) Stock

Tsakos Energy Navigation Ltd (NYSE:TEN) Director Clio Hatzimichalis sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $41.07, for a total value of $205,350.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $205,350. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tsakos Energy Navigation Stock Performance

TEN stock opened at $42.06 on Wednesday. The stock’s fifty day moving average is $38.81 and its two-hundred day moving average is $37.47. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 6.85 and a beta of -0.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95. Tsakos Energy Navigation Ltd has a 1 year low of $19.85 and a 1 year high of $45.85.

Tsakos Energy Navigation (NYSE:TEN) last released its quarterly earnings data on Thursday, May 21st. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.65. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%. The business had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.

Tsakos Energy Navigation Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were issued a $1.00 dividend. This represents a yield of 507.0%. The ex-dividend date of this dividend was Thursday, July 23rd. Tsakos Energy Navigation’s dividend payout ratio is 32.57%.

Institutional Investors Weigh In On Tsakos Energy Navigation

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tsakos Energy Navigation by 602.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 829,437 shares of the company’s stock valued at $15,917,000 after buying an additional 711,313 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of Tsakos Energy Navigation during the 1st quarter worth $15,688,000. Walleye Capital LLC grew its holdings in shares of Tsakos Energy Navigation by 654.1% in the 1st quarter. Walleye Capital LLC now owns 286,314 shares of the company’s stock worth $11,298,000 after acquiring an additional 248,345 shares during the last quarter. Millennium Management LLC raised its position in shares of Tsakos Energy Navigation by 347.1% during the third quarter. Millennium Management LLC now owns 287,149 shares of the company’s stock worth $6,380,000 after purchasing an additional 222,931 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Tsakos Energy Navigation by 22.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 813,845 shares of the company’s stock worth $32,114,000 after purchasing an additional 151,195 shares during the period. 19.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.50.

Tsakos Energy Navigation Company 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.