Bard Associates Inc. Invests $321,000 in Enviva Partners, LP (EVA) Stock
Bard Associates Inc. purchased a new position in Enviva Partners, LP (NYSE:EVA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,664 shares of the energy company’s stock, valued at approximately $321,000. Bard Associates Inc. owned about 0.08% of Enviva Partners, as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its holdings in Enviva Partners, by 28.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 5,825 shares of the energy company’s stock worth $161,000 after acquiring an additional 1,275 shares during the last quarter. Roosevelt Investment Group Inc. bought a new stake in Enviva Partners, in the 1st quarter worth $209,000. UBS Group AG grew its holdings in Enviva Partners, by 3.2% in the 1st quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock worth $275,000 after acquiring an additional 302 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Enviva Partners, by 13.8% in the 1st quarter. Wells Fargo & Company MN now owns 20,419 shares of the energy company’s stock worth $574,000 after acquiring an additional 2,481 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Enviva Partners, in the 2nd quarter worth $790,000.
Shares of Enviva Partners, LP (EVA) opened at 29.10 on Tuesday. Enviva Partners, LP has a 52-week low of $23.90 and a 52-week high of $30.60. The stock has a 50 day moving average of $29.07 and a 200 day moving average of $28.35. The stock has a market capitalization of $765.80 million, a PE ratio of 52.34 and a beta of 1.18.
Enviva Partners, (NYSE:EVA) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.22. The company had revenue of $126.90 million during the quarter, compared to the consensus estimate of $142.08 million. Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. Analysts forecast that Enviva Partners, LP will post $1.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were issued a $0.57 dividend. The ex-dividend date was Friday, August 11th. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.84%. Enviva Partners,’s dividend payout ratio is presently 651.45%.
In related news, Director William K. Reilly purchased 5,500 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were purchased at an average cost of $27.68 per share, for a total transaction of $152,240.00. Following the completion of the acquisition, the director now owns 23,598 shares in the company, valued at approximately $653,192.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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EVA has been the topic of a number of recent analyst reports. TheStreet raised shares of Enviva Partners, from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Zacks Investment Research cut shares of Enviva Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Enviva Partners, from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enviva Partners, in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.50.
Enviva Partners, Profile
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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