Insider Selling: Tsakos Energy Navigation (NYSE:TEN) Director Sells $205,350.00 in Stock

Tsakos Energy Navigation Ltd (NYSE:TEN) Director Clio Hatzimichalis sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $205,350. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tsakos Energy Navigation Trading Up 1.4%

Shares of Tsakos Energy Navigation stock opened at $42.60 on Thursday. The company has a 50 day simple moving average of $38.91 and a two-hundred day simple moving average of $37.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.95 and a quick ratio of 0.92. The firm has a market cap of $1.28 billion, a PE ratio of 6.94 and a beta of -0.28. Tsakos Energy Navigation Ltd has a 1 year low of $20.08 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 EPS for the quarter, topping the consensus estimate of $2.07 by $0.65. Tsakos Energy Navigation had a return on equity of 23.26% and a net margin of 24.81%.The firm had revenue of $223.12 million for the quarter, compared to the consensus estimate of $208.77 million.

Tsakos Energy Navigation Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Tsakos Energy Navigation

Several large investors have recently added to or reduced their stakes in the stock. Sagil Capital LLP increased its position in shares of Tsakos Energy Navigation by 13.7% during the 4th quarter. Sagil Capital LLP now owns 861,366 shares of the company’s stock valued at $19,312,000 after purchasing an additional 103,801 shares during the last quarter. Walleye Capital LLC lifted 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. Marnell Management LLC purchased a new position in shares of Tsakos Energy Navigation during the 4th quarter worth about $762,000. Cooper Creek Partners Management LLC purchased a new stake in Tsakos Energy Navigation in the 1st quarter worth about $15,688,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Tsakos Energy Navigation by 22.8% in 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 last quarter. 19.24% of the stock is owned by institutional investors.

About Tsakos Energy Navigation

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.