Blueknight Energy Partners L.P., L.L.C. (BKEP) Stake Held by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. maintained its position in Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its position in Blueknight Energy Partners L.P., L.L.C. by 7.3% in the first quarter. Neuberger Berman Group LLC now owns 6,272,772 shares of the pipeline company’s stock valued at $42,341,000 after buying an additional 425,609 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Blueknight Energy Partners L.P., L.L.C. by 15.9% in the first quarter. OppenheimerFunds Inc. now owns 2,034,054 shares of the pipeline company’s stock valued at $13,730,000 after buying an additional 278,680 shares during the last quarter. Renaissance Technologies LLC bought a new position in Blueknight Energy Partners L.P., L.L.C. during the fourth quarter valued at approximately $736,000. Prescott Group Capital Management L.L.C. boosted its position 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. Finally, Taylor Wealth Management Partners bought a new position in Blueknight Energy Partners L.P., L.L.C. during the first quarter valued at approximately $304,000. 58.97% of the stock is currently owned by hedge funds and other institutional investors.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) opened at 5.75 on Wednesday. Blueknight Energy Partners L.P., L.L.C. has a 52 week low of $5.28 and a 52 week high of $7.55. The firm’s market cap is $219.39 million. The stock has a 50 day moving average of $6.73 and a 200 day moving average of $6.89.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last released its earnings results on Wednesday, May 3rd. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.06. Blueknight Energy Partners L.P., L.L.C. had a negative net margin of 1.11% and a negative return on equity of 12.43%. The business had revenue of $46.34 million for the quarter, compared to analyst estimates of $46.75 million. Analysts anticipate that Blueknight Energy Partners L.P., L.L.C. will post $0.05 EPS for the current year.

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Separately, Zacks Investment Research cut shares of Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 16th.

In other Blueknight Energy Partners L.P., L.L.C. news, Director William Walter Lampton bought 9,300 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of $6.65 per share, for a total transaction of $61,845.00. Following the transaction, the director now owns 65,350 shares in the company, valued at approximately $434,577.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Alex G. Stallings sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $6.70, for a total transaction of $53,600.00. Following the transaction, the chief financial officer now owns 173,030 shares in the company, valued at $1,159,301. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 61,665 shares of company stock worth $410,253. Corporate 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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