Fiducient Advisors LLC Decreases Stock Holdings in Global Partners LP (NYSE:GLP)

Fiducient Advisors LLC lowered its stake in Global Partners LP (NYSE:GLP) by 19.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,177 shares of the energy company’s stock after selling 2,000 shares during the quarter. Fiducient Advisors LLC’s holdings in Global Partners were worth $381,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of Global Partners by 4,555.0% in the fourth quarter. Proficio Capital Partners LLC now owns 5,818,750 shares of the energy company’s stock valued at $270,863,000 after purchasing an additional 5,693,750 shares during the period. Raymond James Financial Inc. acquired a new stake in Global Partners in the 4th quarter worth about $6,510,000. JPMorgan Chase & Co. boosted its holdings in Global Partners by 53.8% in the 4th quarter. JPMorgan Chase & Co. now owns 108,357 shares of the energy company’s stock worth $5,044,000 after buying an additional 37,893 shares during the last quarter. NBW Capital LLC purchased a new stake in Global Partners during the 4th quarter worth approximately $2,431,000. Finally, ING Groep NV acquired a new position in shares of Global Partners during the fourth quarter valued at approximately $1,536,000. Hedge funds and other institutional investors own 38.12% of the company’s stock.

Insider Transactions at Global Partners

In related news, COO Mark Romaine sold 2,195 shares of Global Partners stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $54.06, for a total transaction of $118,661.70. Following the transaction, the chief operating officer now owns 156,198 shares in the company, valued at approximately $8,444,063.88. This trade represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 41.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered Global Partners from a “buy” rating to a “hold” rating and lifted their price target for the stock from $54.00 to $56.00 in a research note on Tuesday, March 4th.

Global Partners Price Performance

Shares of NYSE GLP opened at $47.63 on Friday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.39 and a beta of 1.16. Global Partners LP has a 52 week low of $37.00 and a 52 week high of $60.00. The firm has a 50-day simple moving average of $54.50 and a 200-day simple moving average of $51.39. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 2.41.

Global Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 6.21%. This is a positive change from Global Partners’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, February 10th. Global Partners’s dividend payout ratio (DPR) is 122.31%.

Global Partners Company Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.