DGS Capital Management LLC Purchases 17,357 Shares of Teekay Co. (NYSE:TK)

DGS Capital Management LLC boosted its position in shares of Teekay Co. (NYSE:TK) by 81.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 38,787 shares of the shipping company’s stock after purchasing an additional 17,357 shares during the period. DGS Capital Management LLC’s holdings in Teekay were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TK. Vanguard Group Inc. increased its stake in Teekay by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 676,545 shares of the shipping company’s stock worth $4,925,000 after acquiring an additional 50,444 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $130,000 after purchasing an additional 1,747 shares during the last quarter. CWM LLC raised 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 purchasing an additional 1,949 shares in the last quarter. Diversified Trust Co lifted its position in Teekay by 16.4% during the second quarter. Diversified Trust Co now owns 14,211 shares of the shipping company’s stock valued at $127,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake 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 worth $1,605,000 after buying an additional 11,476 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

Teekay Trading Up 1.4 %

Shares of NYSE:TK opened at $6.32 on Friday. The stock has a market capitalization of $579.97 million, a P/E ratio of 4.21 and a beta of 0.56. The stock’s 50-day moving average price is $7.83 and its 200-day moving average price is $8.33. Teekay Co. has a 12-month low of $6.08 and a 12-month high of $9.95.

Teekay Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Teekay Company 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.