DGS Capital Management LLC Increases Position in Teekay Co. (NYSE:TK)

DGS Capital Management LLC lifted its holdings in shares of Teekay Co. (NYSE:TK) by 13.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,909 shares of the shipping company’s stock after acquiring an additional 5,122 shares during the period. DGS Capital Management LLC’s holdings in Teekay were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Teekay by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,527,077 shares of the shipping company’s stock valued at $49,579,000 after acquiring an additional 176,641 shares during the period. Geode Capital Management LLC lifted its stake in Teekay by 2.5% in the third quarter. Geode Capital Management LLC now owns 803,936 shares of the shipping company’s stock valued at $7,452,000 after purchasing an additional 19,961 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Teekay by 108.8% during the third quarter. JPMorgan Chase & Co. now owns 705,374 shares of the shipping company’s stock valued at $6,489,000 after purchasing an additional 367,527 shares during the period. Allspring Global Investments Holdings LLC increased its position in Teekay by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 378,273 shares of the shipping company’s stock worth $3,480,000 after buying an additional 40,528 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Teekay by 26.2% in the second quarter. Cubist Systematic Strategies LLC now owns 358,685 shares of the shipping company’s stock valued at $3,217,000 after buying an additional 74,461 shares during the period. 46.73% of the stock is currently owned by institutional investors.

Teekay Price Performance

Shares of NYSE TK opened at $6.86 on Friday. The business’s fifty day moving average price is $7.04 and its 200-day moving average price is $7.88. Teekay Co. has a one year low of $5.98 and a one year high of $9.95. The stock has a market capitalization of $629.56 million, a PE ratio of 4.57 and a beta of 0.54.

Teekay Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $1.00 per share. 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.