FNY Investment Advisers LLC Has $897,000 Stock Position in KNOT Offshore Partners LP $KNOP

FNY Investment Advisers LLC raised its position in KNOT Offshore Partners LP (NYSE:KNOP) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,420 shares of the shipping company’s stock after acquiring an additional 3,340 shares during the period. FNY Investment Advisers LLC’s holdings in KNOT Offshore Partners were worth $897,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KNOP. Sowell Financial Services LLC acquired a new position in KNOT Offshore Partners in the 1st quarter valued at approximately $82,000. Acadian Asset Management LLC acquired a new position in KNOT Offshore Partners in the 1st quarter valued at approximately $130,000. Finally, Trexquant Investment LP raised its holdings in KNOT Offshore Partners by 26.1% in the 1st quarter. Trexquant Investment LP now owns 47,842 shares of the shipping company’s stock valued at $334,000 after acquiring an additional 9,904 shares in the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KNOP shares. Weiss Ratings reissued a “hold (c)” rating on shares of KNOT Offshore Partners in a report on Wednesday, October 8th. Zacks Research raised KNOT Offshore Partners to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

KNOT Offshore Partners Trading Down 2.0%

Shares of KNOP opened at $8.81 on Wednesday. KNOT Offshore Partners LP has a 1 year low of $5.28 and a 1 year high of $9.93. The company has a current ratio of 0.43, a quick ratio of 0.42 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $8.36 and a 200-day simple moving average of $7.25. The stock has a market cap of $302.05 million, a PE ratio of 8.89 and a beta of -0.03.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings results on Thursday, September 25th. The shipping company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $87.06 million for the quarter, compared to analyst estimates of $81.17 million. KNOT Offshore Partners had a return on equity of 5.58% and a net margin of 10.00%. On average, sell-side analysts predict that KNOT Offshore Partners LP will post 0.12 EPS for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, October 27th will be given a dividend of $0.026 per share. The ex-dividend date is Monday, October 27th. This represents a $0.10 dividend on an annualized basis and a yield of 1.2%. KNOT Offshore Partners’s dividend payout ratio is 10.10%.

About KNOT Offshore Partners

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.