Teekay Co. (NYSE:TK) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in Teekay Co. (NYSE:TK) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 166,936 shares of the shipping company’s stock after purchasing an additional 13,361 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.18% of Teekay worth $1,215,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Teekay by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,084,487 shares of the shipping company’s stock worth $36,354,000 after buying an additional 449,307 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Teekay by 3.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 691,897 shares of the shipping company’s stock worth $5,037,000 after buying an additional 21,075 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Teekay by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 676,545 shares of the shipping company’s stock valued at $4,925,000 after purchasing an additional 50,444 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Teekay by 8.2% in the 1st quarter. Empowered Funds LLC now owns 597,898 shares of the shipping company’s stock valued at $4,353,000 after purchasing an additional 45,292 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Teekay by 13.4% in the 1st quarter. Sei Investments Co. now owns 537,009 shares of the shipping company’s stock valued at $3,909,000 after purchasing an additional 63,504 shares in the last quarter. Institutional investors and hedge funds own 46.73% of the company’s stock.

Teekay Stock Performance

Teekay stock opened at $8.08 on Friday. The stock’s 50 day moving average price is $8.90 and its 200 day moving average price is $8.23. The firm has a market capitalization of $734.88 million, a PE ratio of 4.99 and a beta of 0.64. Teekay Co. has a one year low of $5.70 and a one year high of $9.95.

Teekay (NYSE:TK) last released its quarterly earnings results on Thursday, May 9th. The shipping company reported $0.44 EPS for the quarter. The firm had revenue of $365.05 million for the quarter. Teekay had a return on equity of 7.97% and a net margin of 11.09%.

Teekay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 111.39%. This is an increase from Teekay’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, May 20th. Teekay’s payout ratio is 61.73%.

About Teekay

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.