KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Down 15.5% in April

KNOT Offshore Partners LP (NYSE:KNOP) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 23,900 shares, a decrease of 15.5% from the March 31st total of 28,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is currently 0.3 days.

KNOT Offshore Partners Trading Down 1.7 %

KNOT Offshore Partners stock traded down $0.09 during midday trading on Tuesday, reaching $5.26. The stock had a trading volume of 62,565 shares, compared to its average volume of 76,182. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 1.64. KNOT Offshore Partners has a 52-week low of $4.28 and a 52-week high of $7.00. The firm has a market cap of $179.05 million, a price-to-earnings ratio of -5.16 and a beta of 0.67. The company has a fifty day moving average of $5.29 and a 200 day moving average of $5.61.

KNOT Offshore Partners (NYSE:KNOP) last issued its earnings results on Monday, February 26th. The shipping company reported ($0.16) 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 positive return on equity of 2.86% and a negative net margin of 11.81%. On average, analysts anticipate that KNOT Offshore Partners will post -0.31 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be given a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, April 26th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -9.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of KNOT Offshore Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Hedge Funds Weigh In On KNOT Offshore Partners

A number of institutional investors have recently modified their holdings of KNOP. Valeo Financial Advisors LLC bought a new position in shares of KNOT Offshore Partners during the first quarter valued at approximately $57,000. Atria Wealth Solutions Inc. bought a new position in shares of KNOT Offshore Partners during the fourth quarter valued at approximately $61,000. EWA LLC bought a new position in shares of KNOT Offshore Partners during the fourth quarter valued at approximately $75,000. Jump Financial LLC bought a new position in shares of KNOT Offshore Partners during the fourth quarter valued at approximately $153,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of KNOT Offshore Partners by 31.8% during the fourth quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock valued at $398,000 after purchasing an additional 16,687 shares in the last quarter. 26.82% of the stock is owned by hedge funds and other institutional investors.

KNOT Offshore Partners Company Profile

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.