KNOT Offshore Partners (NYSE:KNOP) Shares Pass Below 200 Day Moving Average of $5.70

KNOT Offshore Partners LP (NYSE:KNOP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.70 and traded as low as $5.00. KNOT Offshore Partners shares last traded at $5.07, with a volume of 59,937 shares.

KNOT Offshore Partners Stock Down 2.3 %

The company has a market capitalization of $172.58 million, a price-to-earnings ratio of -4.97 and a beta of 0.67. The stock’s fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.70 and a quick ratio of 0.67.

KNOT Offshore Partners (NYSE:KNOP) last issued its earnings results on Monday, February 26th. The shipping company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). The business had revenue of $73.03 million for the quarter, compared to analyst estimates of $70.96 million. KNOT Offshore Partners had a positive return on equity of 2.86% and a negative net margin of 11.81%. On average, sell-side analysts predict that KNOT Offshore Partners LP will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of KNOT Offshore Partners

Large investors have recently modified their holdings of the company. 683 Capital Management LLC increased its holdings in shares of KNOT Offshore Partners by 14.7% in the 3rd quarter. 683 Capital Management LLC now owns 1,146,501 shares of the shipping company’s stock worth $7,831,000 after acquiring an additional 146,501 shares during the period. FNY Investment Advisers LLC increased its holdings in shares of KNOT Offshore Partners by 31.8% in the 4th quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock worth $398,000 after acquiring an additional 16,687 shares during the period. Strategic Income Management LLC acquired a new stake in shares of KNOT Offshore Partners in the 3rd quarter worth about $3,920,000. Virtu Financial LLC acquired a new position in KNOT Offshore Partners during the 4th quarter valued at about $149,000. Finally, Arrow Investment Advisors LLC increased its stake in KNOT Offshore Partners by 77.0% during the 1st quarter. Arrow Investment Advisors LLC now owns 21,101 shares of the shipping company’s stock valued at $113,000 after buying an additional 9,179 shares during the period. Institutional investors and hedge funds own 26.82% of the company’s stock.

KNOT Offshore Partners Company Profile

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. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.