Oppenheimer & Co. Inc. Has $101,000 Position in Blueknight Energy Partners L.P., L.L.C. (BKEP)

Oppenheimer & Co. Inc. held its position in shares of Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 15,000 shares of the pipeline company’s stock at the end of the first quarter. Oppenheimer & Co. Inc.’s holdings in Blueknight Energy Partners L.P., L.L.C. were worth $101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hancock Holding Co. purchased a new stake in Blueknight Energy Partners L.P., L.L.C. during the first quarter valued at approximately $173,000. Taylor Wealth Management Partners purchased a new stake in Blueknight Energy Partners L.P., L.L.C. during the first quarter valued at approximately $304,000. Independent Advisor Alliance boosted its stake in Blueknight Energy Partners L.P., L.L.C. by 278.0% in the first quarter. Independent Advisor Alliance now owns 56,700 shares of the pipeline company’s stock valued at $386,000 after buying an additional 41,700 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Blueknight Energy Partners L.P., L.L.C. during the fourth quarter valued at approximately $736,000. Finally, Prescott Group Capital Management L.L.C. boosted its stake in Blueknight Energy Partners L.P., L.L.C. by 84.6% in the first quarter. Prescott Group Capital Management L.L.C. now owns 180,002 shares of the pipeline company’s stock valued at $1,215,000 after buying an additional 82,513 shares during the last quarter. 59.72% of the stock is owned by institutional investors and hedge funds.

Shares of Blueknight Energy Partners L.P., L.L.C. (BKEP) remained flat at $5.85 during trading on Friday. 23,885 shares of the company’s stock traded hands. Blueknight Energy Partners L.P., L.L.C. has a 52 week low of $5.62 and a 52 week high of $7.55. The firm’s market capitalization is $223.21 million. The firm’s 50-day moving average is $6.17 and its 200 day moving average is $6.75.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. The firm had revenue of $43.88 million for the quarter, compared to analyst estimates of $46.56 million. Blueknight Energy Partners L.P., L.L.C. had a net margin of 12.71% and a negative return on equity of 12.45%. On average, equities research analysts anticipate that Blueknight Energy Partners L.P., L.L.C. will post $0.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, August 4th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.58 annualized dividend and a yield of 9.91%. Blueknight Energy Partners L.P., L.L.C.’s dividend payout ratio is presently -446.15%.

TRADEMARK VIOLATION NOTICE: “Oppenheimer & Co. Inc. Has $101,000 Position in Blueknight Energy Partners L.P., L.L.C. (BKEP)” was first posted by BBNS and is owned by of BBNS. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://baseballnewssource.com/markets/blueknight-energy-partners-l-p-l-l-c-bkep-stake-held-by-oppenheimer-co-inc-updated-updated-updated/1179974.html.

A number of brokerages have weighed in on BKEP. Zacks Investment Research upgraded shares of Blueknight Energy Partners L.P., L.L.C. from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

In related news, CFO Alex G. Stallings sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $6.70, for a total transaction of $53,600.00. Following the completion of the sale, the chief financial officer now directly owns 173,030 shares of the company’s stock, valued at approximately $1,159,301. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Howard Lampton acquired 34,785 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $6.64 per share, with a total value of $230,972.40. Following the completion of the acquisition, the director now owns 85,585 shares in the company, valued at approximately $568,284.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 61,665 shares of company stock worth $410,253. Company insiders own 1.70% of the company’s stock.

Blueknight Energy Partners L.P., L.L.C. Company Profile

Blueknight Energy Partners, L.P. is a master limited partnership company. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. Asphalt terminaling services segment operations generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.

Institutional Ownership by Quarter for Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP)

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