USDP has been the topic of a number of other reports. Zacks Investment Research downgraded shares of USD Partners from a strong-buy rating to a hold rating in a report on Tuesday, October 3rd. BidaskClub downgraded shares of USD Partners from a sell rating to a strong sell rating in a research report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. USD Partners has an average rating of Hold and an average price target of $15.50.
In related news, insider G Stacy Smith acquired 3,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average cost of $10.78 per share, with a total value of $32,340.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Borgen acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $9.83 per share, for a total transaction of $49,150.00. The disclosure for this purchase can be found here. Insiders have purchased 36,350 shares of company stock worth $377,464 over the last ninety days.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new position in USD Partners during the second quarter valued at approximately $165,000. EJF Capital LLC grew its position in USD Partners by 66.7% during the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after purchasing an additional 20,000 shares in the last quarter. Renaissance Technologies LLC grew its position in USD Partners by 10.3% during the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after purchasing an additional 6,125 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in USD Partners during the second quarter valued at approximately $2,382,000. Finally, Bank of America Corp DE grew its position in USD Partners by 31.1% during the first quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock valued at $6,826,000 after purchasing an additional 131,521 shares in the last quarter. 30.29% of the stock is currently owned by hedge funds and other institutional investors.
About USD Partners
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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