KNOT Offshore Partners (NYSE:KNOP) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of KNOT Offshore Partners (NYSE:KNOP) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

KNOT Offshore Partners Trading Up 0.2 %

KNOP opened at $5.54 on Tuesday. KNOT Offshore Partners has a 12 month low of $4.94 and a 12 month high of $9.11. The stock has a market capitalization of $190.01 million, a price-to-earnings ratio of -12.88 and a beta of 0.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. The business has a fifty day moving average price of $5.66 and a 200 day moving average price of $6.02.

KNOT Offshore Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were paid a dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.10 annualized dividend and a yield of 1.88%. KNOT Offshore Partners’s payout ratio is -23.26%.

Institutional Trading of KNOT Offshore Partners

A number of institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its holdings in KNOT Offshore Partners by 15.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company’s stock worth $74,000 after buying an additional 1,865 shares during the last quarter. Two Sigma Investments LP lifted its holdings in KNOT Offshore Partners by 1.3% during the 4th quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company’s stock worth $1,033,000 after buying an additional 2,418 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in KNOT Offshore Partners by 8.8% during the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock worth $756,000 after buying an additional 11,200 shares during the last quarter. Transce3nd LLC purchased a new stake in KNOT Offshore Partners during the 4th quarter worth about $77,000. Finally, Two Sigma Advisers LP lifted its holdings in KNOT Offshore Partners by 8.0% during the 4th quarter. Two Sigma Advisers LP now owns 300,800 shares of the shipping company’s stock worth $1,639,000 after buying an additional 22,300 shares during the last quarter. 26.82% of the stock is owned by hedge funds and other institutional investors.

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.