USD Partners LP (NYSE:USDP) insider G Stacy Smith purchased 9,850 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $10.54 per share, for a total transaction of $103,819.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

G Stacy Smith also recently made the following trade(s):

  • On Friday, August 25th, G Stacy Smith purchased 3,000 shares of USD Partners stock. The shares were bought at an average price of $10.78 per share, for a total transaction of $32,340.00.
  • On Tuesday, August 15th, G Stacy Smith purchased 13,500 shares of USD Partners stock. The shares were bought at an average price of $10.83 per share, for a total transaction of $146,205.00.

USD Partners LP (USDP) traded down 7.48% during mid-day trading on Thursday, hitting $9.90. 583,174 shares of the stock were exchanged. The firm has a market cap of $260.95 million, a price-to-earnings ratio of 8.78 and a beta of 1.03. The company has a 50 day moving average price of $11.14 and a 200 day moving average price of $12.36. USD Partners LP has a 52-week low of $9.76 and a 52-week high of $17.50.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were given a $0.34 dividend. This is an increase from USD Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.36 annualized dividend and a yield of 13.74%. USD Partners’s dividend payout ratio is 110.57%.

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A number of brokerages have issued reports on USDP. BidaskClub lowered shares of USD Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine lowered shares of USD Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Thursday, August 3rd. Finally, TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.33.

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in USD Partners in the 2nd quarter valued at $20,960,000. Evergreen Capital Management LLC increased its stake in USD Partners by 26.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock valued at $6,946,000 after buying an additional 131,193 shares during the period. Bank of America Corp DE increased its stake in USD Partners by 31.1% in the 1st quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock valued at $6,826,000 after buying an additional 131,521 shares during the period. HITE Hedge Asset Management LLC acquired a new position in USD Partners in the 2nd quarter valued at $2,382,000. Finally, Renaissance Technologies LLC increased its stake in USD Partners by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after buying an additional 6,125 shares during the period. Hedge funds and other institutional investors own 40.16% of the company’s stock.

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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