Hillsdale Investment Management Inc. Sells 500 Shares of Tsakos Energy Navigation Limited (NYSE:TNP)

Hillsdale Investment Management Inc. reduced its stake in Tsakos Energy Navigation Limited (NYSE:TNP) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,800 shares of the shipping company’s stock after selling 500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Tsakos Energy Navigation were worth $107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wrapmanager Inc. bought a new stake in Tsakos Energy Navigation in the 3rd quarter valued at $201,000. Graham Capital Management L.P. bought a new stake in shares of Tsakos Energy Navigation in the 3rd quarter worth about $403,000. Raymond James & Associates bought a new stake in shares of Tsakos Energy Navigation in the 4th quarter worth about $532,000. Dfpg Investments LLC increased its holdings in shares of Tsakos Energy Navigation by 13.7% in the 4th quarter. Dfpg Investments LLC now owns 25,432 shares of the shipping company’s stock worth $596,000 after buying an additional 3,064 shares during the last quarter. Finally, Navellier & Associates Inc. increased its holdings in shares of Tsakos Energy Navigation by 15.9% in the 3rd quarter. Navellier & Associates Inc. now owns 31,193 shares of the shipping company’s stock worth $648,000 after buying an additional 4,280 shares during the last quarter. 19.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TNP shares. Jefferies Financial Group restated a “buy” rating and issued a $30.00 target price on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th. StockNews.com downgraded shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Tsakos Energy Navigation Stock Performance

Shares of NYSE:TNP opened at $31.12 on Wednesday. The company has a market capitalization of $918.35 million, a price-to-earnings ratio of 3.45 and a beta of -0.14. Tsakos Energy Navigation Limited has a 12 month low of $16.45 and a 12 month high of $31.31. The firm’s 50-day moving average is $26.28 and its 200 day moving average is $24.02. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.84.

Tsakos Energy Navigation (NYSE:TNP) last issued its quarterly earnings results on Wednesday, March 27th. The shipping company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.03). The firm had revenue of $183.57 million for the quarter, compared to the consensus estimate of $185.35 million. Tsakos Energy Navigation had a net margin of 33.74% and a return on equity of 29.41%. Research analysts predict that Tsakos Energy Navigation Limited will post 9.27 EPS for the current year.

About Tsakos Energy Navigation

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.