GSA Capital Partners LLP Lowers Position in Teekay Co. (NYSE:TK)

GSA Capital Partners LLP lessened its holdings in Teekay Co. (NYSE:TK) by 35.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,069 shares of the shipping company’s stock after selling 33,991 shares during the period. GSA Capital Partners LLP owned 0.07% of Teekay worth $571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC increased its stake in Teekay by 135.2% in the second quarter. CWM LLC now owns 3,391 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 1,949 shares during the last quarter. Point72 DIFC Ltd increased its stake in Teekay by 885.2% in the second quarter. Point72 DIFC Ltd now owns 4,798 shares of the shipping company’s stock valued at $43,000 after acquiring an additional 4,311 shares during the last quarter. Quarry LP increased its stake in Teekay by 90.6% in the second quarter. Quarry LP now owns 8,415 shares of the shipping company’s stock valued at $75,000 after acquiring an additional 4,000 shares during the last quarter. Diversified Trust Co increased its stake in Teekay by 16.4% in the second quarter. Diversified Trust Co now owns 14,211 shares of the shipping company’s stock valued at $127,000 after acquiring an additional 2,004 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Teekay by 10.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,814 shares of the shipping company’s stock valued at $130,000 after acquiring an additional 1,747 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Teekay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

Teekay Trading Up 1.4 %

Shares of NYSE:TK opened at $7.93 on Wednesday. The stock’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.56. Teekay Co. has a 12-month low of $6.41 and a 12-month high of $9.95. The stock has a market capitalization of $728.29 million, a P/E ratio of 5.29 and a beta of 0.60.

Teekay Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, December 4th. Teekay’s dividend payout ratio (DPR) is currently 16.67%.

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.