Tsakos Energy Navigation Ltd. (TNP) Position Raised by Afam Capital Inc.

Afam Capital Inc. lifted its holdings in shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 566,948 shares of the shipping company’s stock after buying an additional 15,710 shares during the period. Afam Capital Inc.’s holdings in Tsakos Energy Navigation were worth $2,217,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in Tsakos Energy Navigation by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock valued at $141,000 after acquiring an additional 2,104 shares during the period. Virtu KCG Holdings LLC lifted its holdings in Tsakos Energy Navigation by 65.2% in the second quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock valued at $250,000 after acquiring an additional 20,577 shares during the period. Virtu Financial LLC lifted its holdings in Tsakos Energy Navigation by 679.3% in the fourth quarter. Virtu Financial LLC now owns 83,904 shares of the shipping company’s stock valued at $328,000 after acquiring an additional 73,138 shares during the period. State Street Corp lifted its holdings in Tsakos Energy Navigation by 15.7% in the second quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock valued at $538,000 after acquiring an additional 15,231 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Tsakos Energy Navigation by 7.5% in the third quarter. Allianz Asset Management GmbH now owns 312,596 shares of the shipping company’s stock valued at $1,403,000 after acquiring an additional 21,759 shares during the period. 26.00% of the stock is currently owned by institutional investors.

Tsakos Energy Navigation Ltd. (NYSE TNP) opened at $3.40 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. Tsakos Energy Navigation Ltd. has a 12 month low of $3.11 and a 12 month high of $5.27. The company has a market capitalization of $288.62, a PE ratio of 30.91, a PEG ratio of 3.13 and a beta of 1.33.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a return on equity of 2.02% and a net margin of 5.64%. The company had revenue of $96.92 million during the quarter, compared to the consensus estimate of $101.62 million. research analysts expect that Tsakos Energy Navigation Ltd. will post -0.04 EPS for the current fiscal year.

A number of research firms have weighed in on TNP. Morgan Stanley lowered their target price on Tsakos Energy Navigation from $5.50 to $4.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. ValuEngine downgraded Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $6.00 target price on Tsakos Energy Navigation and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded Tsakos Energy Navigation from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. Finally, Jefferies Group began coverage on Tsakos Energy Navigation in a report on Monday, December 18th. They issued a “buy” rating and a $6.00 target price on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Tsakos Energy Navigation currently has an average rating of “Hold” and a consensus target price of $5.14.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. The Company consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight.

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Institutional Ownership by Quarter for Tsakos Energy Navigation (NYSE:TNP)

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