NBW Capital LLC Acquires New Position in Global Partners LP (NYSE:GLP)

NBW Capital LLC bought a new position in shares of Global Partners LP (NYSE:GLP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,225 shares of the energy company's stock, valued at approximately $2,431,000. NBW Capital LLC owned 0.15% of Global Partners at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of Global Partners by 4,555.0% during the 4th quarter. Proficio Capital Partners LLC now owns 5,818,750 shares of the energy company's stock valued at $270,863,000 after buying an additional 5,693,750 shares during the period. JPMorgan Chase & Co. increased its stake in Global Partners by 9,171.6% during the third quarter. JPMorgan Chase & Co. now owns 70,464 shares of the energy company's stock worth $3,281,000 after acquiring an additional 69,704 shares during the last quarter. Infrastructure Capital Advisors LLC raised its position in Global Partners by 57.7% in the third quarter. Infrastructure Capital Advisors LLC now owns 141,147 shares of the energy company's stock valued at $6,572,000 after purchasing an additional 51,630 shares during the period. ING Groep NV acquired a new position in shares of Global Partners in the 4th quarter valued at $1,536,000. Finally, SVB Wealth LLC purchased a new position in shares of Global Partners during the 4th quarter worth $330,000. 38.12% of the stock is currently owned by institutional investors and hedge funds.

Global Partners Trading Up 0.9 %

Shares of GLP stock traded up $0.46 during trading hours on Friday, hitting $53.36. The company had a trading volume of 74,995 shares, compared to its average volume of 76,194. The stock has a market capitalization of $1.81 billion, a PE ratio of 16.12 and a beta of 1.47. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.14 and a quick ratio of 0.64. Global Partners LP has a fifty-two week low of $37.00 and a fifty-two week high of $60.00. The company's fifty day moving average is $53.35 and its 200 day moving average is $49.67.

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Global Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were issued a $0.74 dividend. This is an increase from Global Partners's previous quarterly dividend of $0.73. This represents a $2.96 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Monday, February 10th. Global Partners's dividend payout ratio is presently 122.31%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered shares of Global Partners from a "buy" rating to a "hold" rating and boosted their price objective for the company from $54.00 to $56.00 in a report on Tuesday.

Global Partners Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.