GSA Capital Partners LLP Has $617,000 Position in Sprague Resources LP (SRLP)

GSA Capital Partners LLP cut its stake in shares of Sprague Resources LP (NYSE:SRLP) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,094 shares of the oil and gas company’s stock after selling 7,804 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of Sprague Resources worth $617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SRLP. Jane Street Group LLC bought a new position in shares of Sprague Resources in the third quarter valued at $219,000. Virtu KCG Holdings LLC bought a new position in shares of Sprague Resources during the second quarter valued at about $255,000. Susquehanna International Group LLP bought a new position in shares of Sprague Resources during the second quarter valued at about $265,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Sprague Resources by 12.8% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 10,194 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in shares of Sprague Resources during the second quarter valued at about $314,000. 22.29% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on SRLP. BidaskClub upgraded shares of Sprague Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Sprague Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, B. Riley set a $29.00 target price on shares of Sprague Resources and gave the stock a “buy” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.67.

Sprague Resources LP (NYSE SRLP) opened at $25.70 on Tuesday. Sprague Resources LP has a 12 month low of $22.95 and a 12 month high of $30.75. The company has a market cap of $574.86, a P/E ratio of 14.36 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.16 and a current ratio of 2.35.

Sprague Resources (NYSE:SRLP) last announced its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.72). Sprague Resources had a net margin of 1.50% and a return on equity of 24.89%. equities analysts forecast that Sprague Resources LP will post 3.12 EPS for the current year.

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Sprague Resources Profile

Institutional Ownership by Quarter for Sprague Resources (NYSE:SRLP)

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