KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Update

KNOT Offshore Partners LP (NYSE:KNOP) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 254,300 shares, an increase of 6.4% from the January 15th total of 238,900 shares. Based on an average daily volume of 86,100 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.1% of the company’s stock are short sold.

Hedge Funds Weigh In On KNOT Offshore Partners

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in KNOT Offshore Partners by 7.7% in the 3rd 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 period. FNY Investment Advisers LLC lifted its stake in KNOT Offshore Partners by 8.8% in the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock worth $756,000 after purchasing an additional 11,200 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of KNOT Offshore Partners in the fourth quarter worth $135,000. 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. Finally, Marshall Wace LLP grew its holdings in shares of KNOT Offshore Partners by 19.0% during the fourth quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock worth $1,112,000 after purchasing an additional 32,616 shares in the last quarter. Hedge funds and other institutional investors own 26.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of KNOT Offshore Partners from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

KNOT Offshore Partners Stock Down 3.7 %

Shares of KNOT Offshore Partners stock traded down $0.21 on Monday, hitting $5.54. The company had a trading volume of 30,234 shares, compared to its average volume of 62,553. KNOT Offshore Partners has a 1 year low of $4.94 and a 1 year high of $9.11. 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 stock has a 50 day moving average of $5.72 and a 200-day moving average of $6.24. The stock has a market capitalization of $189.99 million, a price-to-earnings ratio of -12.88 and a beta of 0.75.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Wednesday, December 4th. The shipping company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, sell-side analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current year.

KNOT Offshore Partners Announces Dividend

The business 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. This represents a $0.10 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio is -23.26%.

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.