KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.68 and traded as low as $5.93. KNOT Offshore Partners shares last traded at $6.21, with a volume of 180,090 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research note on Friday, December 6th.
Read Our Latest Analysis on KNOP
KNOT Offshore Partners Price Performance
The stock's 50 day moving average is $5.84 and its two-hundred day moving average is $6.68. The stock has a market capitalization of $212.98 million, a PE ratio of -14.44 and a beta of 0.74. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42.
KNOT Offshore Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a $0.026 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.67%. KNOT Offshore Partners's payout ratio is -23.26%.
Institutional Trading of KNOT Offshore Partners
A number of hedge funds and other institutional investors have recently bought and sold shares of KNOP. Cubist Systematic Strategies LLC acquired a new stake in KNOT Offshore Partners during the second quarter worth approximately $229,000. Marshall Wace LLP raised its stake in KNOT Offshore Partners by 297.5% during the 2nd quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company's stock worth $1,023,000 after acquiring an additional 87,283 shares in the last quarter. JPMorgan Chase & Co. lifted its position in KNOT Offshore Partners by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company's stock valued at $3,030,000 after acquiring an additional 31,792 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in KNOT Offshore Partners by 3.2% in the second quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company's stock valued at $11,498,000 after acquiring an additional 41,100 shares in the last quarter. 26.82% of the stock is currently owned by institutional investors and hedge funds.
About KNOT Offshore Partners
(
Get Free Report)
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.
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