Blueknight Energy Partners L.P. (NASDAQ:BKEP) Director William Walter Lampton bought 24,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were purchased at an average cost of $6.40 per share, with a total value of $153,600.00. Following the transaction, the director now owns 52,450 shares in the company, valued at $335,680. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at 6.50 on Wednesday. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date was Wednesday, November 2nd.

BKEP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Blueknight Energy Partners L.P. from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Wednesday, November 2nd. DA Davidson initiated coverage on shares of Blueknight Energy Partners L.P. in a research report on Friday, October 7th. They set a “buy” rating and a $7.20 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.99.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC increased its position in Blueknight Energy Partners L.P. by 119.0% in the second quarter. HITE Hedge Asset Management LLC now owns 436,283 shares of the company’s stock worth $2,277,000 after buying an additional 237,075 shares during the period. Neuberger Berman Group LLC increased its position in Blueknight Energy Partners L.P. by 1.9% in the third quarter. Neuberger Berman Group LLC now owns 5,680,605 shares of the company’s stock worth $34,595,000 after buying an additional 107,323 shares during the period. Brown Advisory Inc. acquired a new position in Blueknight Energy Partners L.P. during the second quarter worth $391,000. Fic Capital Inc. increased its position in Blueknight Energy Partners L.P. by 250.1% in the second quarter. Fic Capital Inc. now owns 36,675 shares of the company’s stock worth $191,000 after buying an additional 26,200 shares during the period. Finally, UBS Group AG increased its position in Blueknight Energy Partners L.P. by 7.2% in the first quarter. UBS Group AG now owns 219,512 shares of the company’s stock worth $1,052,000 after buying an additional 14,661 shares during the period.

TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/23/william-walter-lampton-acquires-24000-shares-of-blueknight-energy-partners-l-p-bkep-stock.html.

About Blueknight Energy Partners L.P.

5 Day Chart for NASDAQ:BKEP

Receive News & Stock Ratings for Blueknight Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blueknight Energy Partners L.P. and related stocks with our FREE daily email newsletter.