National Asset Management Inc. Purchases New Position in KNOT Offshore Partners LP (NYSE:KNOP)

National Asset Management Inc. purchased a new stake in shares of KNOT Offshore Partners LP (NYSE:KNOPGet Rating) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 10,080 shares of the shipping company’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC bought a new stake in KNOT Offshore Partners during the 4th quarter worth approximately $134,000. Wolverine Trading LLC bought a new stake in KNOT Offshore Partners during the 4th quarter worth approximately $155,000. Keybank National Association OH bought a new stake in KNOT Offshore Partners during the 4th quarter worth approximately $167,000. Advisor Group Holdings Inc. grew its holdings in KNOT Offshore Partners by 12.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 22,407 shares of the shipping company’s stock worth $303,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in KNOT Offshore Partners by 3,068.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 25,349 shares of the shipping company’s stock worth $429,000 after acquiring an additional 24,549 shares during the last quarter. 26.12% of the stock is owned by institutional investors.

KNOT Offshore Partners Stock Down 2.2 %

Shares of NYSE KNOP opened at $17.10 on Tuesday. The company has a market capitalization of $576.42 million, a P/E ratio of 11.48 and a beta of 1.01. KNOT Offshore Partners LP has a 52-week low of $12.34 and a 52-week high of $20.30. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.52 and a current ratio of 0.56. The company’s 50 day moving average price is $17.17 and its 200-day moving average price is $16.55.

KNOT Offshore Partners (NYSE:KNOPGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The shipping company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.40. The firm had revenue of $65.20 million for the quarter, compared to the consensus estimate of $66.57 million. KNOT Offshore Partners had a net margin of 19.11% and a return on equity of 13.67%. Equities analysts forecast that KNOT Offshore Partners LP will post 1.79 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Thursday, July 28th will be given a $0.52 dividend. The ex-dividend date is Wednesday, July 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 12.16%. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently 139.60%.

KNOT Offshore Partners Company Profile

(Get Rating)

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers.

See Also

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Institutional Ownership by Quarter for KNOT Offshore Partners (NYSE:KNOP)

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