KNOT Offshore Partners (NYSE:KNOP) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

KNOT Offshore Partners LP (NYSE:KNOP - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.08 and traded as low as $5.40. KNOT Offshore Partners shares last traded at $5.47, with a volume of 27,895 shares.

Analyst Ratings Changes

Separately, StockNews.com raised KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research note on Friday, December 6th.

KNOT Offshore Partners Price Performance

The stock has a 50-day simple moving average of $5.71 and a 200 day simple moving average of $6.08. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44. The company has a market cap of $187.43 million, a P/E ratio of -12.71 and a beta of 0.70.

KNOT Offshore Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were given a $0.026 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.10 annualized dividend and a yield of 1.90%. KNOT Offshore Partners's payout ratio is -23.26%.

Institutional Investors Weigh In On KNOT Offshore Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its holdings in shares of KNOT Offshore Partners by 15.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company's stock valued at $74,000 after purchasing an additional 1,865 shares in the last quarter. Transce3nd LLC acquired a new position in shares of KNOT Offshore Partners in the fourth quarter valued at approximately $77,000. Virtu Financial LLC acquired a new position in shares of KNOT Offshore Partners in the fourth quarter valued at approximately $135,000. Jane Street Group LLC acquired a new position in shares of KNOT Offshore Partners in the fourth quarter valued at approximately $184,000. Finally, Trexquant Investment LP grew its position in KNOT Offshore Partners by 170.4% during the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company's stock worth $207,000 after buying an additional 23,907 shares in the last quarter. 26.82% of the stock is owned by institutional investors and hedge funds.

KNOT Offshore Partners Company Profile

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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