Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) Director Robert Howard Lampton bought 7,010 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $6.65 per share, for a total transaction of $46,616.50. Following the completion of the transaction, the director now owns 103,165 shares of the company’s stock, valued at $686,047.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Robert Howard Lampton also recently made the following trade(s):

  • On Friday, June 9th, Robert Howard Lampton purchased 10,570 shares of Blueknight Energy Partners L.P., L.L.C. stock. The shares were bought at an average price of $6.70 per share, with a total value of $70,819.00.
  • On Thursday, June 8th, Robert Howard Lampton purchased 34,785 shares of Blueknight Energy Partners L.P., L.L.C. stock. The shares were bought at an average price of $6.64 per share, with a total value of $230,972.40.

Shares of Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) traded down 1.48% during mid-day trading on Monday, hitting $6.65. 79,508 shares of the stock were exchanged. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $6.90. Blueknight Energy Partners L.P., L.L.C. has a 12-month low of $4.90 and a 12-month high of $7.55. The company’s market capitalization is $253.73 million.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last released its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.06. The company had revenue of $46.34 million during the quarter, compared to analyst estimates of $46.75 million. 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%. On average, equities research analysts expect that Blueknight Energy Partners L.P., L.L.C. will post $0.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, May 5th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Wednesday, May 3rd. Blueknight Energy Partners L.P., L.L.C.’s payout ratio is presently -69.05%.

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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.

Several large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its stake 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. increased its stake 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. Bank of America Corp DE increased its stake in Blueknight Energy Partners L.P., L.L.C. by 18.8% in the first quarter. Bank of America Corp DE now owns 1,372,606 shares of the pipeline company’s stock valued at $9,265,000 after buying an additional 217,615 shares during the last quarter. Renaissance Technologies LLC bought 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. increased 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. 65.98% of the stock is owned by institutional investors.

About Blueknight Energy Partners L.P., L.L.C.

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.

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