KNOT Offshore Partners (NYSE:KNOP) Stock Crosses Below 200-Day Moving Average of $5.65

Shares of KNOT Offshore Partners LP (NYSE:KNOP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.65 and traded as low as $5.03. KNOT Offshore Partners shares last traded at $5.14, with a volume of 49,332 shares.

KNOT Offshore Partners Stock Performance

The business has a 50-day moving average price of $5.33 and a 200-day moving average price of $5.65. The firm has a market capitalization of $174.99 million, a price-to-earnings ratio of -5.04 and a beta of 0.67. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 1.64.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data 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 company had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. KNOT Offshore Partners had a negative net margin of 11.81% and a positive return on equity of 2.86%. As a group, sell-side analysts forecast that KNOT Offshore Partners LP will post -0.31 earnings per share for the current year.

KNOT Offshore Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be issued a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, April 26th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -9.80%.

Institutional Investors Weigh In On KNOT Offshore Partners

A number of large investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. purchased a new stake in shares of KNOT Offshore Partners during the fourth quarter valued at $61,000. EWA LLC purchased a new stake in KNOT Offshore Partners in the fourth quarter valued at $75,000. FNY Investment Advisers LLC boosted its holdings in KNOT Offshore Partners by 31.8% in the fourth quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock valued at $398,000 after purchasing an additional 16,687 shares during the last quarter. Jump Financial LLC purchased a new stake in KNOT Offshore Partners in the fourth quarter valued at $153,000. Finally, 683 Capital Management LLC boosted its holdings in KNOT Offshore Partners by 14.7% in the third quarter. 683 Capital Management LLC now owns 1,146,501 shares of the shipping company’s stock valued at $7,831,000 after purchasing an additional 146,501 shares during the last quarter. 26.82% of the stock is owned by hedge funds and other institutional investors.

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.