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

Glenorchy Capital Ltd purchased a new stake in shares of Tsakos Energy Navigation Limited (NYSE:TNP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 94,770 shares of the shipping company’s stock, valued at approximately $2,106,000. Tsakos Energy Navigation makes up about 0.8% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 20th biggest position. Glenorchy Capital Ltd owned about 0.32% of Tsakos Energy Navigation as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dfpg Investments LLC raised its stake in Tsakos Energy Navigation by 13.7% during the fourth quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock valued at $596,000 after purchasing an additional 3,064 shares in the last quarter. Navellier & Associates Inc. raised its stake in Tsakos Energy Navigation by 15.9% during the third quarter. Navellier & Associates Inc. now owns 31,193 shares of the shipping company’s stock valued at $648,000 after purchasing an additional 4,280 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Tsakos Energy Navigation during the third quarter valued at $91,000. Jump Financial LLC raised its stake in Tsakos Energy Navigation by 17.9% during the third quarter. Jump Financial LLC now owns 44,496 shares of the shipping company’s stock valued at $925,000 after purchasing an additional 6,758 shares in the last quarter. Finally, Wrapmanager Inc. purchased a new stake in Tsakos Energy Navigation during the third quarter valued at $201,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

Tsakos Energy Navigation Price Performance

Shares of TNP traded up $0.08 during midday trading on Tuesday, hitting $24.74. The stock had a trading volume of 205,299 shares, compared to its average volume of 275,851. The stock’s 50 day moving average is $24.81 and its 200 day moving average is $23.19. The firm has a market cap of $730.08 million, a PE ratio of 2.74 and a beta of -0.14. Tsakos Energy Navigation Limited has a 1 year low of $15.50 and a 1 year high of $27.20.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Jefferies Financial Group reissued a “buy” rating and issued a $30.00 target price on shares of Tsakos Energy Navigation in a research note on Wednesday, March 27th.

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.