Arc Logistic Partners LP (NYSE:ARCX) posted its quarterly earnings results on Tuesday. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03, Morningstar.com reports. Arc Logistic Partners had a net margin of 14.48% and a return on equity of 4.38%.

Arc Logistic Partners (ARCX) opened at 14.58 on Wednesday. The company has a market cap of $284.57 million, a PE ratio of 21.07 and a beta of 0.83. Arc Logistic Partners has a 52-week low of $12.86 and a 52-week high of $17.40. The firm’s 50-day moving average price is $15.17 and its 200 day moving average price is $14.94.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 12.07%. The ex-dividend date is Friday, August 4th. Arc Logistic Partners’s payout ratio is 225.64%.

A number of equities research analysts recently weighed in on the company. BidaskClub cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Stifel Nicolaus upgraded Arc Logistic Partners from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $18.00 in a research note on Wednesday. Finally, ValuEngine cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.

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Several hedge funds have recently added to or reduced their stakes in ARCX. Goldman Sachs Group Inc. raised its stake in Arc Logistic Partners by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock worth $12,949,000 after buying an additional 221,662 shares during the last quarter. Bank of America Corp DE raised its stake in Arc Logistic Partners by 49.9% in the first quarter. Bank of America Corp DE now owns 407,276 shares of the pipeline company’s stock worth $5,804,000 after buying an additional 135,650 shares during the last quarter. Renaissance Technologies LLC raised its stake in Arc Logistic Partners by 289.9% in the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock worth $1,488,000 after buying an additional 77,656 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Arc Logistic Partners by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock worth $593,000 after buying an additional 1,300 shares during the last quarter. Finally, Orinda Asset Management LLC bought a new stake in Arc Logistic Partners during the first quarter worth about $516,000. Institutional investors own 43.06% of the company’s stock.

About Arc Logistic Partners

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

Earnings History for Arc Logistic Partners (NYSE:ARCX)

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