Short Interest in KNOT Offshore Partners LP (NYSE:KNOP) Decreases By 15.5%

KNOT Offshore Partners LP (NYSE:KNOP) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 23,900 shares, a decrease of 15.5% from the March 31st total of 28,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 72,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On KNOT Offshore Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in KNOT Offshore Partners in the fourth quarter worth approximately $61,000. Valeo Financial Advisors LLC bought a new position in shares of KNOT Offshore Partners in the 1st quarter worth $57,000. EWA LLC purchased a new stake in shares of KNOT Offshore Partners during the 4th quarter worth $75,000. Jump Financial LLC bought a new stake in KNOT Offshore Partners during the fourth quarter valued at about $153,000. Finally, FNY Investment Advisers LLC grew its stake 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. 26.82% of the stock is owned by institutional investors.

KNOT Offshore Partners Stock Down 0.9 %

NYSE KNOP opened at $4.99 on Friday. 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 has a 52 week low of $4.28 and a 52 week high of $7.00. The firm has a market capitalization of $169.86 million, a price-to-earnings ratio of -4.89 and a beta of 0.67. The company has a fifty day moving average of $5.30 and a two-hundred day moving average of $5.63.

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

KNOT Offshore Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be issued a $0.026 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.08%. KNOT Offshore Partners’s payout ratio is -9.80%.

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.