Stratos Wealth Partners LTD. purchased a new position in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,180 shares of the oil and gas company’s stock, valued at approximately $148,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Calumet Specialty Products Partners, L.P by 133.9% during the second quarter. Renaissance Technologies LLC now owns 472,299 shares of the oil and gas company’s stock worth $3,519,000 after buying an additional 270,409 shares in the last quarter. Windsor Group LTD increased its position in Calumet Specialty Products Partners, L.P by 2.8% during the second quarter. Windsor Group LTD now owns 450,221 shares of the oil and gas company’s stock worth $3,354,000 after buying an additional 12,121 shares in the last quarter. GSA Capital Partners LLP increased its position in Calumet Specialty Products Partners, L.P by 6.4% during the second quarter. GSA Capital Partners LLP now owns 275,212 shares of the oil and gas company’s stock worth $2,050,000 after buying an additional 16,656 shares in the last quarter. Barnett & Company Inc. increased its position in Calumet Specialty Products Partners, L.P by 18.5% during the second quarter. Barnett & Company Inc. now owns 248,300 shares of the oil and gas company’s stock worth $1,850,000 after buying an additional 38,800 shares in the last quarter. Finally, UBS Group AG increased its position in Calumet Specialty Products Partners, L.P by 34.8% during the first quarter. UBS Group AG now owns 211,856 shares of the oil and gas company’s stock worth $1,494,000 after buying an additional 54,659 shares in the last quarter. 14.27% of the stock is owned by institutional investors.

In other Calumet Specialty Products Partners, L.P news, CFO David West Griffin acquired 11,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were acquired at an average price of $6.57 per share, for a total transaction of $72,270.00. Following the completion of the acquisition, the chief financial officer now directly owns 65,405 shares of the company’s stock, valued at $429,710.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought 36,205 shares of company stock worth $236,425 in the last 90 days. Insiders own 4.75% of the company’s stock.

CLMT stock opened at $3.50 on Friday. Calumet Specialty Products Partners, L.P has a 52-week low of $3.49 and a 52-week high of $9.35. The company has a debt-to-equity ratio of 41.13, a quick ratio of 0.75 and a current ratio of 1.41.

Several research firms have weighed in on CLMT. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “hold” rating to a “strong-buy” rating and set a $8.75 price target for the company in a research report on Friday, July 27th. BidaskClub cut Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, ValuEngine upgraded Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a report on Saturday, October 27th.

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Calumet Specialty Products Partners, L.P Profile

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

Further Reading: Discount Rate

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Institutional Ownership by Quarter for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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