Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) CFO Alex G. Stallings sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $5.60, for a total value of $44,800.00. Following the transaction, the chief financial officer now directly owns 165,224 shares of the company’s stock, valued at approximately $925,254.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blueknight Energy Partners L.P., L.L.C. (BKEP) traded down 0.86% during trading on Tuesday, reaching $5.75. The company’s stock had a trading volume of 190,124 shares. Blueknight Energy Partners L.P., L.L.C. has a 52 week low of $5.60 and a 52 week high of $7.55. The firm’s market capitalization is $219.39 million. The firm has a 50-day moving average price of $6.11 and a 200-day moving average price of $6.73.

Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. Blueknight Energy Partners L.P., L.L.C. had a negative return on equity of 12.45% and a net margin of 12.71%. The company had revenue of $43.88 million during the quarter, compared to the consensus estimate of $46.56 million. On average, equities analysts anticipate that Blueknight Energy Partners L.P., L.L.C. will post $0.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 10.09%. Blueknight Energy Partners L.P., L.L.C.’s dividend payout ratio (DPR) is presently -446.15%.

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Several large investors have recently made changes to their positions in BKEP. Neuberger Berman Group LLC increased its stake in shares of Blueknight Energy Partners L.P., L.L.C. by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 6,332,153 shares of the pipeline company’s stock worth $39,576,000 after buying an additional 59,381 shares during the period. Prescott Group Capital Management L.L.C. increased its stake in shares of Blueknight Energy Partners L.P., L.L.C. by 151.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 452,002 shares of the pipeline company’s stock worth $2,825,000 after buying an additional 272,000 shares during the period. Bank of America Corp DE increased its stake in shares of 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 worth $9,265,000 after buying an additional 217,615 shares during the period. Renaissance Technologies LLC increased its stake in shares of Blueknight Energy Partners L.P., L.L.C. by 22.9% in the first quarter. Renaissance Technologies LLC now owns 132,094 shares of the pipeline company’s stock worth $892,000 after buying an additional 24,655 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of 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 worth $13,730,000 after buying an additional 278,680 shares during the period. Institutional investors own 59.71% of the company’s stock.

Several research firms have weighed in on BKEP. Zacks Investment Research raised Blueknight Energy Partners L.P., L.L.C. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine downgraded Blueknight Energy Partners L.P., L.L.C. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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.

Insider Buying and Selling by Quarter for Blueknight Energy Partners L.P., L.L.C. (NASDAQ:BKEP)

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