KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Update

KNOT Offshore Partners LP (NYSE:KNOP) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 200,400 shares, a drop of 13.7% from the February 13th total of 232,200 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of KNOT Offshore Partners

Several hedge funds have recently added to or reduced their stakes in the stock. 683 Capital Management LLC raised its position in KNOT Offshore Partners by 2.5% in the fourth quarter. 683 Capital Management LLC now owns 1,610,000 shares of the shipping company’s stock worth $8,774,000 after acquiring an additional 39,800 shares during the period. JPMorgan Chase & Co. raised its position in KNOT Offshore Partners by 31.9% in the fourth quarter. JPMorgan Chase & Co. now owns 583,545 shares of the shipping company’s stock worth $3,180,000 after acquiring an additional 141,213 shares during the period. Two Sigma Advisers LP raised its position in 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 worth $1,639,000 after acquiring an additional 22,300 shares during the period. Marshall Wace LLP raised its position in KNOT Offshore Partners by 19.0% in the fourth quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock worth $1,112,000 after acquiring an additional 32,616 shares during the period. Finally, Two Sigma Investments LP raised its position in 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 worth $1,033,000 after acquiring an additional 2,418 shares during the period. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Up 11.8 %

KNOP opened at $6.29 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. The company’s 50-day moving average is $5.65 and its 200 day moving average is $6.02. KNOT Offshore Partners has a fifty-two week low of $4.94 and a fifty-two week high of $9.11. The firm has a market capitalization of $215.80 million, a P/E ratio of -14.63 and a beta of 0.70.

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

KNOT Offshore Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were issued a dividend of $0.026 per share. The ex-dividend date was Monday, January 27th. This represents a $0.10 dividend on an annualized basis and a yield of 1.65%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -23.26%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday.

About KNOT Offshore Partners

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.