Dividend Assets Capital LLC held its stake in shares of Nustar GP Holdings, LLC (NYSE:NSH) during the second quarter, Holdings Channel reports. The institutional investor owned 12,100 shares of the pipeline company’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in Nustar GP Holdings were worth $296,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Nustar GP Holdings by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock worth $248,000 after buying an additional 100 shares during the period. Global X Management Co. LLC boosted its stake in shares of Nustar GP Holdings by 4.3% in the first quarter. Global X Management Co. LLC now owns 12,614 shares of the pipeline company’s stock worth $353,000 after buying an additional 520 shares during the period. Brookfield Asset Management Inc. boosted its stake in shares of Nustar GP Holdings by 2.1% in the first quarter. Brookfield Asset Management Inc. now owns 69,500 shares of the pipeline company’s stock worth $1,943,000 after buying an additional 1,400 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Nustar GP Holdings by 2.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,947 shares of the pipeline company’s stock worth $1,592,000 after buying an additional 1,450 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Nustar GP Holdings by 12.2% in the first quarter. Cullen Frost Bankers Inc. now owns 15,651 shares of the pipeline company’s stock worth $437,000 after buying an additional 1,700 shares during the period. 55.92% of the stock is currently owned by institutional investors.

Shares of Nustar GP Holdings, LLC (NSH) opened at 22.25 on Monday. The firm has a market cap of $955.66 million, a PE ratio of 10.44 and a beta of 1.18. Nustar GP Holdings, LLC has a 12-month low of $21.30 and a 12-month high of $31.50. The company has a 50 day moving average of $23.55 and a 200-day moving average of $26.55.

Nustar GP Holdings (NYSE:NSH) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.21. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 25.68%. The company had revenue of $10.96 million for the quarter, compared to the consensus estimate of $16.22 million. Equities research analysts forecast that Nustar GP Holdings, LLC will post $1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be paid a $0.545 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.18 annualized dividend and a dividend yield of 9.80%. Nustar GP Holdings’s dividend payout ratio is presently 102.83%.

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A number of analysts have weighed in on the stock. BidaskClub cut shares of Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. TheStreet raised shares of Nustar GP Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 25th. Wells Fargo & Company raised shares of Nustar GP Holdings from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. Zacks Investment Research raised shares of Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Macquarie assumed coverage on shares of Nustar GP Holdings in a report on Friday, April 21st. They set a “neutral” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.33.

In other news, Director William E. Greehey bought 42,500 shares of Nustar GP Holdings stock in a transaction dated Wednesday, August 9th. The shares were bought at an average price of $21.79 per share, for a total transaction of $926,075.00. Following the purchase, the director now owns 8,646,280 shares of the company’s stock, valued at $188,402,441.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Greehey bought 6,423 shares of Nustar GP Holdings stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $22.01 per share, for a total transaction of $141,370.23. Following the purchase, the director now directly owns 8,646,280 shares in the company, valued at approximately $190,304,622.80. The disclosure for this purchase can be found here. Insiders bought a total of 73,086 shares of company stock worth $1,597,498 in the last 90 days. 21.39% of the stock is owned by corporate insiders.

Nustar GP Holdings Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

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Institutional Ownership by Quarter for Nustar GP Holdings (NYSE:NSH)

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