Global Partners LP (NYSE:GLP) Insider Global Gp Llc Purchases 10,000 Shares

Global Partners LP (NYSE:GLP) insider Global Gp Llc acquired 10,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were bought at an average price of $45.68 per share, with a total value of $456,800.00. Following the completion of the transaction, the insider now directly owns 192,981 shares of the company’s stock, valued at $8,815,372.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Global Gp Llc also recently made the following trade(s):

• On Monday, June 17th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $47.37 per share, with a total value of $473,700.00.
• On Monday, June 10th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $50.23 per share, with a total value of $502,300.00.
• On Thursday, May 30th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $46.69 per share, with a total value of $466,900.00.
• On Tuesday, May 28th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $44.63 per share, with a total value of $446,300.00.
• On Friday, May 24th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $44.92 per share, with a total value of $449,200.00.
• On Wednesday, May 22nd, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average price of $43.49 per share, with a total value of $434,900.00.
• On Monday, May 20th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was purchased at an average cost of $44.96 per share, with a total value of $449,600.00.
• On Friday, May 17th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was purchased at an average cost of $44.05 per share, with a total value of $440,500.00.
• On Wednesday, May 15th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was purchased at an average cost of $43.29 per share, with a total value of $432,900.00.
• On Monday, May 13th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was purchased at an average cost of $42.66 per share, with a total value of $426,600.00.

Global Partners Stock Up 1.0 %

Shares of NYSE:GLP opened at $45.60 on Tuesday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 16.95 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 1.17 and a debt-to-equity ratio of 2.23. Global Partners LP has a 12-month low of $27.07 and a 12-month high of $50.85. The business’s 50 day moving average is $46.26 and its 200 day moving average is $45.22.

Global Partners (NYSE:GLP) last announced its earnings results on Wednesday, May 8th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.47). The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Global Partners had a net margin of 0.71% and a return on equity of 18.45%. On average, sell-side analysts forecast that Global Partners LP will post 3.11 earnings per share for the current fiscal year.

Global Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 9th were given a dividend of $0.71 per share. This is a boost from Global Partners’s previous quarterly dividend of $0.70. The ex-dividend date was Wednesday, May 8th. This represents a $2.84 annualized dividend and a dividend yield of 6.23%. Global Partners’s payout ratio is presently 105.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new position in Global Partners in the fourth quarter worth $85,000. Tower Research Capital LLC TRC boosted its position in Global Partners by 592.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,090 shares of the energy company’s stock worth $88,000 after purchasing an additional 1,788 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Global Partners in the third quarter worth $138,000. Albert D Mason Inc. purchased a new position in Global Partners in the first quarter worth $203,000. Finally, Virtu Financial LLC purchased a new position in Global Partners in the fourth quarter worth $206,000. Hedge funds and other institutional investors own 38.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Global Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd.

About Global Partners

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.