10,050 Shares in USD Partners LP (NYSE:USDP) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in USD Partners LP (NYSE:USDP – Get Rating) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,050 shares of the transportation company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently bought and sold shares of USDP. Virtu Financial LLC acquired a new stake in shares of USD Partners during the 3rd quarter worth about $49,000. Wedbush Securities Inc. acquired a new position in USD Partners during the 4th quarter valued at about $72,000. UBS Group AG grew its holdings in USD Partners by 12.0% during the 1st quarter. UBS Group AG now owns 21,671 shares of the transportation company’s stock worth $130,000 after acquiring an additional 2,316 shares during the period. BNP Paribas Arbitrage SA acquired a new position in shares of USD Partners in the 1st quarter valued at $147,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of USD Partners by 201.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 30,227 shares of the transportation company’s stock worth $182,000 after purchasing an additional 20,194 shares during the period. Institutional investors and hedge funds own 8.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of USD Partners in a research report on Thursday, March 16th. They issued a “hold” rating on the stock.

USD Partners Stock Down 3.6 %

USD Partners stock opened at $1.62 on Friday. USD Partners LP has a twelve month low of $1.60 and a twelve month high of $6.38. The company has a 50 day moving average of $2.95 and a 200-day moving average of $3.40. The stock has a market capitalization of $54.69 million, a PE ratio of -0.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.22.

USD Partners (NYSE:USDP – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The transportation company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.19). USD Partners had a negative return on equity of 5.33% and a negative net margin of 68.85%. The business had revenue of $20.65 million for the quarter, compared to the consensus estimate of $21.74 million. Equities analysts anticipate that USD Partners LP will post 0.12 EPS for the current fiscal year.

USD Partners Company Profile

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USD Partners LP engages in the acquisition, development, and operation of midstream infrastructure and logistics solutions for crude oil, biofuels, and other energy-related products. It operates through the Terminalling Services and Fleet Services segments. The Terminalling Services segment includes minimum monthly commitment fees under multi-year take-or-pay contracts to load and unload various grades of crude oil into and from railcars, as well as fixed fees per gallon to trans load ethanol from railcars.