MML Investors Services LLC Invests $100,000 in Teekay Co. (NYSE:TK)

MML Investors Services LLC bought a new stake in shares of Teekay Co. (NYSE:TK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,901 shares of the shipping company’s stock, valued at approximately $100,000.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in Teekay by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 178,904 shares of the shipping company’s stock valued at $1,605,000 after acquiring an additional 11,476 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Teekay by 210.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 337,745 shares of the shipping company’s stock valued at $3,030,000 after purchasing an additional 228,856 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Teekay by 74.6% in the second quarter. Panagora Asset Management Inc. now owns 252,630 shares of the shipping company’s stock worth $2,266,000 after purchasing an additional 107,970 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Teekay by 7.2% in the second quarter. Ritholtz Wealth Management now owns 193,967 shares of the shipping company’s stock worth $1,740,000 after buying an additional 13,042 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Teekay by 2.9% during the second quarter. Acadian Asset Management LLC now owns 1,763,197 shares of the shipping company’s stock valued at $15,808,000 after buying an additional 50,077 shares during the last quarter. 46.73% of the stock is owned by hedge funds and other institutional investors.

Teekay Price Performance

NYSE TK opened at $6.71 on Friday. Teekay Co. has a 1-year low of $5.98 and a 1-year high of $9.95. The business has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $8.13. The stock has a market capitalization of $616.22 million, a PE ratio of 4.47 and a beta of 0.56.

Teekay Announces Dividend

The firm also recently declared a — dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. Teekay’s dividend payout ratio is presently 16.67%.

Teekay Profile

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.