Trexquant Investment LP Acquires 9,904 Shares of KNOT Offshore Partners LP $KNOP

Trexquant Investment LP grew its position in shares of KNOT Offshore Partners LP (NYSE:KNOP) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,842 shares of the shipping company’s stock after buying an additional 9,904 shares during the period. Trexquant Investment LP owned approximately 0.14% of KNOT Offshore Partners worth $334,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its stake in shares of KNOT Offshore Partners by 8.0% in the fourth quarter. Two Sigma Advisers LP now owns 300,800 shares of the shipping company’s stock valued at $1,639,000 after acquiring an additional 22,300 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of KNOT Offshore Partners by 1.3% in the fourth quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company’s stock valued at $1,033,000 after acquiring an additional 2,418 shares in the last quarter. Millennium Management LLC grew its stake in shares of KNOT Offshore Partners by 123.5% in the fourth quarter. Millennium Management LLC now owns 141,503 shares of the shipping company’s stock valued at $771,000 after acquiring an additional 78,194 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of KNOT Offshore Partners in the fourth quarter valued at about $184,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of KNOT Offshore Partners by 15.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company’s stock valued at $74,000 after acquiring an additional 1,865 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of KNOT Offshore Partners to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen upgraded KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, KNOT Offshore Partners presently has an average rating of “Buy”.

KNOT Offshore Partners Stock Up 1.9%

Shares of NYSE KNOP opened at $8.50 on Wednesday. KNOT Offshore Partners LP has a 52 week low of $5.28 and a 52 week high of $8.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.33 and a current ratio of 0.34. The stock’s fifty day moving average is $7.29 and its 200 day moving average is $6.66. The stock has a market capitalization of $291.38 million, a P/E ratio of 20.72 and a beta of -0.06.

KNOT Offshore Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Monday, July 28th were issued a $0.026 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.2%. KNOT Offshore Partners’s dividend payout ratio 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.