Glenorchy Capital Ltd Makes New $2.11 Million Investment in Tsakos Energy Navigation Limited (NYSE:TNP)

Glenorchy Capital Ltd bought a new position in shares of Tsakos Energy Navigation Limited (NYSE:TNP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 94,770 shares of the shipping company’s stock, valued at approximately $2,106,000. Tsakos Energy Navigation comprises approximately 0.8% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dfpg Investments LLC boosted its stake in Tsakos Energy Navigation by 13.7% during the 4th quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock worth $596,000 after purchasing an additional 3,064 shares during the last quarter. Navellier & Associates Inc. boosted its stake in Tsakos Energy Navigation by 15.9% during the 3rd quarter. Navellier & Associates Inc. now owns 31,193 shares of the shipping company’s stock worth $648,000 after purchasing an additional 4,280 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Tsakos Energy Navigation during the 3rd quarter worth $91,000. Jump Financial LLC raised its holdings in Tsakos Energy Navigation by 17.9% in the 3rd quarter. Jump Financial LLC now owns 44,496 shares of the shipping company’s stock valued at $925,000 after buying an additional 6,758 shares during the period. Finally, Wrapmanager Inc. purchased a new stake in Tsakos Energy Navigation in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

Tsakos Energy Navigation Stock Up 0.3 %

TNP traded up $0.08 on Tuesday, reaching $24.74. The company’s stock had a trading volume of 205,299 shares, compared to its average volume of 275,851. The stock has a 50 day moving average of $24.81 and a two-hundred day moving average of $23.19. The company has a market capitalization of $730.08 million, a price-to-earnings ratio of 2.74 and a beta of -0.14. Tsakos Energy Navigation Limited has a fifty-two week low of $15.50 and a fifty-two week high of $27.20.

Tsakos Energy Navigation (NYSE:TNP) last announced its quarterly earnings results on Wednesday, March 27th. The shipping company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.03). The business had revenue of $183.57 million during the quarter, compared to analyst estimates of $185.35 million. Tsakos Energy Navigation had a net margin of 33.74% and a return on equity of 44.36%. As a group, analysts anticipate that Tsakos Energy Navigation Limited will post 9.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TNP. Jefferies Financial Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of Tsakos Energy Navigation in a research report on Wednesday, March 27th. StockNews.com raised Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th.

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.