FNY Investment Advisers LLC Sells 67,246 Shares of KNOT Offshore Partners LP $KNOP

FNY Investment Advisers LLC trimmed its holdings in shares of KNOT Offshore Partners LP (NYSE:KNOP) by 55.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,968 shares of the shipping company’s stock after selling 67,246 shares during the period. FNY Investment Advisers LLC’s holdings in KNOT Offshore Partners were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of KNOT Offshore Partners in the first quarter valued at $130,000. Osaic Holdings Inc. lifted its position in KNOT Offshore Partners by 220.3% during the 2nd quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock worth $104,000 after buying an additional 11,388 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in KNOT Offshore Partners during the 2nd quarter worth about $68,000. Russell Investments Group Ltd. increased its position in KNOT Offshore Partners by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 4,836 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in KNOT Offshore Partners by 11.5% in the 3rd quarter. GSA Capital Partners LLP now owns 48,075 shares of the shipping company’s stock valued at $424,000 after acquiring an additional 4,957 shares in the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.

KNOT Offshore Partners Trading Up 1.3%

Shares of NYSE KNOP opened at $10.09 on Friday. The company’s 50 day simple moving average is $10.35 and its 200 day simple moving average is $9.96. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.26 and a quick ratio of 0.25. KNOT Offshore Partners LP has a fifty-two week low of $5.45 and a fifty-two week high of $11.15. The firm has a market capitalization of $343.60 million, a P/E ratio of 14.84 and a beta of -0.10.

KNOT Offshore Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, January 26th were paid a dividend of $0.026 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.0%. KNOT Offshore Partners’s payout ratio is 14.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of KNOT Offshore Partners in a research report on Thursday, January 22nd. Alliance Global Partners reiterated a “neutral” rating on shares of KNOT Offshore Partners in a research report on Monday, December 8th. B. Riley Financial raised KNOT Offshore Partners from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, March 20th. Zacks Research lowered KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen cut KNOT Offshore Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.00.

About KNOT Offshore Partners

KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.

The partnership’s vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers.