ValuEngine lowered shares of KNOT Offshore Partners (NYSE:KNOP) from a buy rating to a hold rating in a report released on Wednesday.

Several other equities analysts have also recently commented on KNOP. BidaskClub raised shares of KNOT Offshore Partners from a sell rating to a hold rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of KNOT Offshore Partners from a hold rating to a sell rating in a research report on Thursday, November 9th.

Shares of KNOT Offshore Partners (KNOP) traded down $0.15 during mid-day trading on Wednesday, hitting $20.05. 104,530 shares of the stock traded hands, compared to its average volume of 236,866. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.63. KNOT Offshore Partners has a twelve month low of $19.80 and a twelve month high of $24.67. The company has a market capitalization of $660.42, a PE ratio of 8.78 and a beta of 0.71.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, November 2nd were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, November 1st. This represents a $2.08 annualized dividend and a dividend yield of 10.37%. KNOT Offshore Partners’s payout ratio is 87.03%.

Hedge funds have recently modified their holdings of the company. Global X Management Co. LLC bought a new position in shares of KNOT Offshore Partners during the second quarter worth about $162,000. Texas Yale Capital Corp. acquired a new stake in KNOT Offshore Partners during the third quarter worth about $200,000. Royal Bank of Canada raised its stake in KNOT Offshore Partners by 4.8% during the second quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock worth $201,000 after acquiring an additional 405 shares during the period. KCG Holdings Inc. acquired a new stake in KNOT Offshore Partners during the first quarter worth about $223,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in KNOT Offshore Partners during the second quarter worth about $381,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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About KNOT Offshore Partners

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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