Quinn Opportunity Partners LLC Acquires Shares of 32,550 Seadrill Partners LLC (SDLP)

Quinn Opportunity Partners LLC purchased a new stake in Seadrill Partners LLC (NASDAQ:SDLP) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,550 shares of the oil and gas company’s stock, valued at approximately $111,000.

A number of other hedge funds also recently modified their holdings of the stock. Acrospire Investment Management LLC increased its position in Seadrill Partners by 1.2% in the 1st quarter. Acrospire Investment Management LLC now owns 27,735 shares of the oil and gas company’s stock valued at $100,000 after acquiring an additional 335 shares during the period. HighTower Advisors LLC increased its position in Seadrill Partners by 2.4% during the 1st quarter. HighTower Advisors LLC now owns 48,809 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,122 shares during the period. Eqis Capital Management Inc. increased its position in Seadrill Partners by 8.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 32,051 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 2,429 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Seadrill Partners during the 1st quarter worth approximately $104,000. Finally, UBS Group AG increased its position in Seadrill Partners by 129.5% during the 1st quarter. UBS Group AG now owns 264,677 shares of the oil and gas company’s stock worth $953,000 after purchasing an additional 149,337 shares during the period.

Several equities analysts have issued reports on the company. BidaskClub upgraded Seadrill Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded Seadrill Partners from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, August 15th. Finally, ValuEngine upgraded Seadrill Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th.

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Shares of Seadrill Partners LLC (NASDAQ SDLP) opened at 3.72 on Friday. The company has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.19. Seadrill Partners LLC has a 12-month low of $2.61 and a 12-month high of $5.33. The firm has a market cap of $341.57 million and a PE ratio of 1.36.

Seadrill Partners (NASDAQ:SDLP) last posted its quarterly earnings data on Thursday, August 24th. The oil and gas company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.09). Seadrill Partners had a net margin of 6.20% and a return on equity of 3.76%. The company had revenue of $267.90 million for the quarter, compared to analyst estimates of $231.00 million. Analysts expect that Seadrill Partners LLC will post $1.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.75%.

Seadrill Partners Profile

Seadrill Partners LLC is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Company’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Company’s segment is OPCO’s fleet.

Institutional Ownership by Quarter for Seadrill Partners (NASDAQ:SDLP)

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