Virtu Financial LLC Invests $135,000 in KNOT Offshore Partners LP (NYSE:KNOP)

Virtu Financial LLC bought a new stake in shares of KNOT Offshore Partners LP (NYSE:KNOP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,801 shares of the shipping company’s stock, valued at approximately $135,000.

Separately, FNY Investment Advisers LLC grew its holdings in KNOT Offshore Partners by 8.8% during the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock valued at $756,000 after buying an additional 11,200 shares in the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th.

KNOT Offshore Partners Stock Down 1.7 %

KNOP opened at $6.67 on Monday. The company has a market capitalization of $228.59 million, a PE ratio of -15.50 and a beta of 0.70. The firm has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $5.99. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. KNOT Offshore Partners LP has a 52 week low of $4.94 and a 52 week high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings results on Wednesday, March 19th. The shipping company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.51. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The company had revenue of $91.26 million during the quarter, compared to analyst estimates of $76.50 million. Analysts forecast that KNOT Offshore Partners LP will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were issued a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 24.39%.

KNOT Offshore Partners Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.