Dynamic Technology Lab Private Ltd Has $208,000 Holdings in Teekay Co. (NYSE:TK)

Dynamic Technology Lab Private Ltd cut its holdings in Teekay Co. (NYSE:TKFree Report) by 42.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,070 shares of the shipping company’s stock after selling 21,834 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Teekay were worth $208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Navellier & Associates Inc. increased its holdings in Teekay by 55.3% during the fourth quarter. Navellier & Associates Inc. now owns 74,956 shares of the shipping company’s stock worth $536,000 after buying an additional 26,680 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in Teekay during the fourth quarter worth $456,000. Dimensional Fund Advisors LP increased its holdings in Teekay by 9.7% during the fourth 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. Jump Financial LLC increased its holdings in Teekay by 5.6% during the fourth quarter. Jump Financial LLC now owns 84,984 shares of the shipping company’s stock worth $608,000 after buying an additional 4,484 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Teekay by 70.5% during the fourth quarter. BNP Paribas Financial Markets now owns 161,427 shares of the shipping company’s stock worth $1,154,000 after buying an additional 66,726 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Teekay Price Performance

NYSE:TK opened at $9.91 on Wednesday. Teekay Co. has a one year low of $5.45 and a one year high of $9.95. The company has a market cap of $901.31 million, a P/E ratio of 6.12 and a beta of 0.62. The firm’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $7.69.

Teekay (NYSE:TKGet Free Report) last announced its earnings results on Thursday, May 9th. The shipping company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $365.05 million during the quarter. Teekay had a net margin of 11.09% and a return on equity of 7.97%.

Teekay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be given a dividend of $2.25 per share. This is a boost from Teekay’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, May 20th. This represents a $9.00 annualized dividend and a yield of 90.82%. Teekay’s dividend payout ratio is currently 61.73%.

About Teekay

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Teekay (NYSE:TK)

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