Teekay Corporation Ltd. (NYSE:TK) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its stake in shares of Teekay Corporation Ltd. (NYSE:TK) by 40.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,620 shares of the shipping company’s stock after purchasing an additional 6,530 shares during the quarter. Diversified Trust Co’s holdings in Teekay were worth $149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers bought a new stake in shares of Teekay during the fourth quarter valued at about $606,000. GAMMA Investing LLC raised its stake in shares of Teekay by 381.8% during the first quarter. GAMMA Investing LLC now owns 4,139 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 3,280 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Teekay by 53.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,623 shares of the shipping company’s stock valued at $60,000 after purchasing an additional 3,000 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Teekay by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 30,012 shares of the shipping company’s stock valued at $208,000 after purchasing an additional 2,109 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Teekay during the fourth quarter valued at about $108,000. 46.73% of the stock is currently owned by institutional investors.

Teekay Trading Down 8.7%

Shares of NYSE TK opened at $7.56 on Thursday. Teekay Corporation Ltd. has a twelve month low of $5.65 and a twelve month high of $9.78. The company has a market capitalization of $694.31 million, a price-to-earnings ratio of 5.36 and a beta of 0.47. The firm has a 50-day moving average of $8.25 and a two-hundred day moving average of $7.28.

Teekay Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Teekay from a “buy” rating to a “hold” rating in a report on Monday, May 19th.

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.