Cubist Systematic Strategies LLC Grows Position in KNOT Offshore Partners LP (NYSE:KNOP)

Cubist Systematic Strategies LLC grew its holdings in shares of KNOT Offshore Partners LP (NYSE:KNOP) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,589 shares of the shipping company’s stock after buying an additional 1,865 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in KNOT Offshore Partners were worth $74,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of KNOT Offshore Partners during the fourth quarter worth $77,000. Trexquant Investment LP lifted its position in shares of KNOT Offshore Partners by 170.4% during the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company’s stock worth $207,000 after purchasing an additional 23,907 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of KNOT Offshore Partners during the fourth quarter worth $135,000. JPMorgan Chase & Co. lifted its position in shares of KNOT Offshore Partners by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock worth $3,030,000 after purchasing an additional 31,792 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of KNOT Offshore Partners by 19.0% during the fourth quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock worth $1,112,000 after purchasing an additional 32,616 shares in the last quarter. 26.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on KNOP. Fearnley Fonds raised shares of KNOT Offshore Partners to a “strong-buy” rating in a report on Tuesday, April 1st. StockNews.com raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th.

KNOT Offshore Partners Trading Up 2.5%

KNOP opened at $6.69 on Tuesday. The stock has a market capitalization of $229.45 million, a PE ratio of -15.56 and a beta of -0.08. The firm’s fifty day moving average price is $6.43 and its 200 day moving average price is $5.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. KNOT Offshore Partners LP has a 12-month low of $5.28 and a 12-month high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.51. The firm had revenue of $91.26 million for the quarter, compared to analysts’ expectations of $76.50 million. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. As a group, research analysts expect that KNOT Offshore Partners LP will post 0.12 EPS for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, April 28th were issued a dividend of $0.026 per share. The ex-dividend date was Monday, April 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.55%. KNOT Offshore Partners’s dividend payout ratio (DPR) is 24.39%.

KNOT Offshore Partners Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.