Arrowstreet Capital Limited Partnership Invests $381,000 in KNOT Offshore Partners LP (NYSE:KNOP)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of KNOT Offshore Partners LP (NYSE:KNOP) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 16,600 shares of the shipping company’s stock, valued at approximately $381,000. Arrowstreet Capital Limited Partnership owned approximately 0.06% of KNOT Offshore Partners at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNOP. Royal Bank of Canada grew its stake in shares of KNOT Offshore Partners by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock valued at $201,000 after buying an additional 405 shares during the period. California Public Employees Retirement System grew its stake in shares of KNOT Offshore Partners by 1.6% in the 1st quarter. California Public Employees Retirement System now owns 32,400 shares of the shipping company’s stock valued at $755,000 after buying an additional 500 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of KNOT Offshore Partners by 5.4% in the 1st quarter. Wells Fargo & Company MN now owns 25,845 shares of the shipping company’s stock worth $603,000 after acquiring an additional 1,320 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in shares of KNOT Offshore Partners by 55.9% in the 2nd quarter. Naples Global Advisors LLC now owns 15,275 shares of the shipping company’s stock worth $351,000 after acquiring an additional 5,475 shares during the last quarter. Finally, Green Square Capital LLC lifted its holdings in shares of KNOT Offshore Partners by 1.8% in the 2nd quarter. Green Square Capital LLC now owns 372,966 shares of the shipping company’s stock worth $8,560,000 after acquiring an additional 6,554 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

KNOP has been the topic of several recent analyst reports. BidaskClub lowered shares of KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine lowered shares of KNOT Offshore Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of KNOT Offshore Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

KNOT Offshore Partners LP (NYSE KNOP) traded down $0.15 during trading on Friday, reaching $20.90. 190,600 shares of the company’s stock were exchanged, compared to its average volume of 90,947. The firm has a market cap of $688.21, a price-to-earnings ratio of 9.15 and a beta of 0.77. KNOT Offshore Partners LP has a 12 month low of $20.60 and a 12 month high of $24.67. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.78 and a current ratio of 0.48.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, November 1st. This represents a $2.08 dividend on an annualized basis and a yield of 9.95%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 87.03%.

ILLEGAL ACTIVITY NOTICE: “Arrowstreet Capital Limited Partnership Invests $381,000 in KNOT Offshore Partners LP (NYSE:KNOP)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/11/arrowstreet-capital-limited-partnership-takes-381000-position-in-knot-offshore-partners-lp-knop.html.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

Institutional Ownership by Quarter for KNOT Offshore Partners (NYSE:KNOP)

Receive News & Ratings for KNOT Offshore Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KNOT Offshore Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply