Global Partners LP (NYSE:GLP) Insider Global Gp Llc Purchases 10,000 Shares

Global Partners LP (NYSE:GLPGet Rating) insider Global Gp Llc bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were purchased at an average cost of $24.09 per share, with a total value of $240,900.00. Following the purchase, the insider now directly owns 107,256 shares of the company’s stock, valued at $2,583,797.04. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Global Gp Llc also recently made the following trade(s):

  • On Friday, June 17th, Global Gp Llc bought 6,545 shares of Global Partners stock. The shares were purchased at an average cost of $20.46 per share, with a total value of $133,910.70.
  • On Tuesday, May 24th, Global Gp Llc bought 6,940 shares of Global Partners stock. The shares were purchased at an average cost of $28.08 per share, with a total value of $194,875.20.

Global Partners stock traded up $0.29 during mid-day trading on Friday, hitting $20.77. The company’s stock had a trading volume of 633,428 shares, compared to its average volume of 109,274. The firm’s 50 day moving average is $27.21 and its 200 day moving average is $26.09. The company has a market cap of $706.18 million, a PE ratio of 9.01 and a beta of 1.18. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.32 and a quick ratio of 0.76. Global Partners LP has a 52-week low of $19.45 and a 52-week high of $30.26.

Global Partners (NYSE:GLPGet Rating) last announced its quarterly earnings data on Friday, May 6th. The energy company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.87. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $3.69 billion. Global Partners had a return on equity of 24.40% and a net margin of 0.63%. As a group, analysts forecast that Global Partners LP will post 3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Monday, May 9th were paid a $0.595 dividend. This is an increase from Global Partners’s previous quarterly dividend of $0.59. This represents a $2.38 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend was Friday, May 6th. Global Partners’s dividend payout ratio is currently 103.93%.

A number of equities analysts recently weighed in on GLP shares. TheStreet upgraded Global Partners from a “c+” rating to a “b” rating in a research report on Monday, May 23rd. StockNews.com upgraded Global Partners from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Stifel Nicolaus increased their price target on Global Partners from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, March 1st.

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank purchased a new stake in shares of Global Partners during the 4th quarter worth about $35,000. Herold Advisors Inc. purchased a new stake in shares of Global Partners during the 1st quarter worth about $44,000. Barclays PLC purchased a new stake in shares of Global Partners during the 4th quarter worth about $108,000. Operose Advisors LLC purchased a new stake in shares of Global Partners during the 1st quarter worth about $109,000. Finally, CWM LLC acquired a new position in shares of Global Partners during the 4th quarter valued at about $114,000.

About Global Partners (Get Rating)

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York.

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