USD Partners LP (USDP) Insider Buys $45,950.00 in Stock
USD Partners LP (NYSE:USDP) insider Dan Borgen purchased 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $9.19 per share, with a total value of $45,950.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
USD Partners LP (NYSE USDP) traded down 6.57% on Friday, reaching $9.25. 462,392 shares of the company’s stock traded hands. USD Partners LP has a 52-week low of $9.00 and a 52-week high of $17.50. The stock has a market capitalization of $243.82 million, a PE ratio of 8.21 and a beta of 1.03. The firm’s 50-day moving average is $11.09 and its 200 day moving average is $12.34.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were given a dividend of $0.34 per share. This is a boost 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 dividend yield of 14.70%. USD Partners’s payout ratio is currently 110.57%.
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USDP has been the subject of several analyst reports. ValuEngine downgraded USD Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. TheStreet raised shares of USD Partners from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of USD Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, BidaskClub raised shares of USD Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.33.
A number of hedge funds and other institutional investors have recently modified their holdings of USDP. Arrowstreet Capital Limited Partnership acquired a new position in USD Partners during the second quarter valued at approximately $165,000. Acadian Asset Management LLC acquired a new position in shares of USD Partners in the first quarter valued at approximately $281,000. EJF Capital LLC boosted its holdings in shares of USD Partners by 66.7% in the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after buying an additional 20,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of USD Partners by 10.3% in the first 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. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of USD Partners in the second quarter valued at approximately $2,382,000. Hedge funds and other institutional investors own 40.16% of the company’s stock.
USD Partners Company Profile
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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