Virtu Financial LLC Takes $135,000 Position in KNOT Offshore Partners LP (NYSE:KNOP)

Virtu Financial LLC bought a new position in KNOT Offshore Partners LP (NYSE:KNOP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,801 shares of the shipping company’s stock, valued at approximately $135,000. Virtu Financial LLC owned about 0.07% of KNOT Offshore Partners at the end of the most recent quarter.

Separately, JPMorgan Chase & Co. raised its holdings in KNOT Offshore Partners by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock worth $3,030,000 after acquiring an additional 31,792 shares during the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Performance

Shares of NYSE KNOP opened at $6.67 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm’s 50-day moving average price is $5.71 and its 200-day moving average price is $5.99. KNOT Offshore Partners LP has a 52-week low of $4.94 and a 52-week high of $9.11. The company has a market cap of $228.59 million, a PE ratio of -15.50 and a beta of 0.70.

KNOT Offshore Partners (NYSE:KNOP) last posted its earnings results on Wednesday, March 19th. The shipping company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.51. The business had revenue of $91.26 million during the quarter, compared to the consensus estimate of $76.50 million. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. As a group, analysts anticipate that KNOT Offshore Partners LP will post 0.12 EPS for the current year.

KNOT Offshore Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were given a $0.026 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.10 annualized dividend and a yield of 1.56%. KNOT Offshore Partners’s payout ratio is 24.39%.

Analyst Ratings Changes

Separately, StockNews.com raised KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th.

KNOT Offshore Partners Profile

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.