GSA Capital Partners LLP Has $207,000 Holdings in KNOT Offshore Partners LP (NYSE:KNOP)

GSA Capital Partners LLP decreased its position in shares of KNOT Offshore Partners LP (NYSE:KNOP) by 25.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,263 shares of the shipping company’s stock after selling 10,307 shares during the quarter. GSA Capital Partners LLP owned approximately 0.09% of KNOT Offshore Partners worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of KNOT Offshore Partners by 297.5% during the second quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company’s stock valued at $1,023,000 after purchasing an additional 87,283 shares in the last quarter. Renaissance Technologies LLC raised its holdings in KNOT Offshore Partners by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company’s stock valued at $11,498,000 after buying an additional 41,100 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in KNOT Offshore Partners during the 2nd quarter worth approximately $229,000. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Trading Down 1.9 %

NYSE KNOP opened at $6.10 on Monday. KNOT Offshore Partners LP has a 12 month low of $4.94 and a 12 month high of $9.11. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $209.23 million, a PE ratio of 122.00 and a beta of 0.76. The business’s 50-day moving average price is $6.39 and its two-hundred day moving average price is $6.80.

KNOT Offshore Partners (NYSE:KNOP) last released its earnings results on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.25). The firm had revenue of $74.42 million for the quarter, compared to analyst estimates of $69.84 million. KNOT Offshore Partners had a net margin of 0.66% and a return on equity of 2.84%. During the same period in the prior year, the company posted $0.27 EPS. On average, analysts expect that KNOT Offshore Partners LP will post 0.15 EPS for the current year.

KNOT Offshore Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were given a dividend of $0.026 per share. The ex-dividend date was Monday, October 28th. This represents a $0.10 dividend on an annualized basis and a yield of 1.70%. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently 200.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

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.