Nustar GP Holdings, LLC (NSH) Director William E. Greehey Buys 38,486 Shares of Stock
Nustar GP Holdings, LLC (NYSE:NSH) Director William E. Greehey acquired 38,486 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $21.46 per share, for a total transaction of $825,909.56. Following the purchase, the director now owns 8,731,884 shares in the company, valued at $187,386,230.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Nustar GP Holdings, LLC (NYSE NSH) opened at 21.30 on Tuesday. The company has a 50-day moving average price of $22.64 and a 200-day moving average price of $25.87. The company has a market cap of $914.86 million, a PE ratio of 10.00 and a beta of 1.18. Nustar GP Holdings, LLC has a 1-year low of $20.04 and a 1-year high of $31.50.
Nustar GP Holdings (NYSE:NSH) last announced its earnings results on Friday, July 28th. The pipeline company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.21. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. The company had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $16.22 million. Equities research analysts expect that Nustar GP Holdings, LLC will post $2.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, August 7th were issued a $0.545 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.18 dividend on an annualized basis and a yield of 10.23%. Nustar GP Holdings’s dividend payout ratio is currently 102.83%.
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A number of equities research analysts have recently issued reports on the company. BidaskClub cut Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet upgraded Nustar GP Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 29th. Wells Fargo & Company cut Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, Credit Suisse Group set a $28.00 price objective on Nustar GP Holdings and gave the stock a “hold” rating in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.33.
A number of institutional investors have recently made changes to their positions in NSH. Trent Capital Management Inc. NC acquired a new stake in Nustar GP Holdings during the second quarter worth approximately $201,000. Stifel Financial Corp acquired a new stake in Nustar GP Holdings during the first quarter worth approximately $206,000. Proficio Capital Partners LLC boosted its stake in Nustar GP Holdings by 11.0% in the second quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock worth $214,000 after buying an additional 925 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Nustar GP Holdings by 5.9% in the second quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock worth $216,000 after buying an additional 495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Nustar GP Holdings during the second quarter worth approximately $237,000. 55.59% of the stock is currently owned by institutional investors.
About Nustar GP Holdings
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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