Short Interest in KNOT Offshore Partners LP (NYSE:KNOP) Decreases By 13.7%

KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) saw a significant drop in short interest in the month of 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. Approximately 0.8% of the company's stock are short sold. Based on an average daily volume of 80,700 shares, the short-interest ratio is currently 2.5 days.

KNOT Offshore Partners Stock Down 2.7 %

Shares of KNOT Offshore Partners stock traded down $0.17 during trading hours on Friday, hitting $6.15. 113,342 shares of the company's stock traded hands, compared to its average volume of 88,302. KNOT Offshore Partners has a twelve month low of $4.94 and a twelve month high of $9.11. The company has a market cap of $210.96 million, a PE ratio of -14.30 and a beta of 0.70. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a 50 day simple moving average of $5.65 and a 200-day simple moving average of $6.00.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The shipping company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.51. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The firm had revenue of $91.26 million during the quarter, compared to the consensus estimate of $76.50 million. Equities research analysts anticipate that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

Remove Ads

KNOT Offshore Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were issued a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners's dividend payout ratio (DPR) is presently 24.39%.

Institutional Investors Weigh In On KNOT Offshore Partners

Several institutional investors and hedge funds have recently bought and sold shares of KNOP. JPMorgan Chase & Co. boosted its stake 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 valued at $3,180,000 after acquiring an additional 141,213 shares during the period. Millennium Management LLC raised its position in shares of KNOT Offshore Partners by 123.5% during the 4th quarter. Millennium Management LLC now owns 141,503 shares of the shipping company's stock worth $771,000 after purchasing an additional 78,194 shares during the period. 683 Capital Management LLC lifted its holdings in shares of KNOT Offshore Partners by 2.5% in the 4th quarter. 683 Capital Management LLC now owns 1,610,000 shares of the shipping company's stock worth $8,774,000 after purchasing an additional 39,800 shares during the last quarter. Jane Street Group LLC acquired a new position in KNOT Offshore Partners during the 4th quarter valued at approximately $184,000. Finally, Marshall Wace LLP grew its stake in KNOT Offshore Partners by 19.0% during the 4th quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company's stock worth $1,112,000 after buying an additional 32,616 shares during the last quarter. Institutional investors and hedge funds own 26.82% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of KNOT Offshore Partners from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

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.