KNOT Offshore Partners (NYSE:KNOP) Stock Passes Below 200 Day Moving Average of $5.70

KNOT Offshore Partners LP (NYSE:KNOP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.70 and traded as low as $5.00. KNOT Offshore Partners shares last traded at $5.07, with a volume of 59,937 shares.

KNOT Offshore Partners Price Performance

The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.67 and a current ratio of 0.70. The firm’s fifty day simple moving average is $5.38 and its 200 day simple moving average is $5.68. The firm has a market cap of $169.86 million, a P/E ratio of -4.89 and a beta of 0.67.

KNOT Offshore Partners (NYSE:KNOP) last issued its quarterly earnings data on Monday, February 26th. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). The company had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. KNOT Offshore Partners had a negative net margin of 11.81% and a positive return on equity of 2.86%. As a group, analysts forecast that KNOT Offshore Partners LP will post -0.31 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, April 29th will be given a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.10 annualized dividend and a dividend yield of 2.08%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -9.80%.

Institutional Trading of KNOT Offshore Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Credit Suisse AG purchased a new position in KNOT Offshore Partners during the 2nd quarter worth $43,000. LPL Financial LLC raised its holdings in shares of KNOT Offshore Partners by 15.7% in the second quarter. LPL Financial LLC now owns 32,244 shares of the shipping company’s stock valued at $528,000 after acquiring an additional 4,374 shares in the last quarter. UBS Group AG lifted its stake in KNOT Offshore Partners by 847.7% in the third quarter. UBS Group AG now owns 6,899 shares of the shipping company’s stock worth $97,000 after acquiring an additional 6,171 shares during the period. Cubist Systematic Strategies LLC bought a new position in KNOT Offshore Partners during the 3rd quarter worth about $182,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in KNOT Offshore Partners by 17.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,810 shares of the shipping company’s stock valued at $166,000 after buying an additional 1,730 shares during the period. 26.82% of the stock is currently owned by institutional investors.

About KNOT Offshore Partners

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