Insider Selling: Landmark Infrastructure Partners LP (LMRK) Director Sells 1,200 Shares of Stock
Landmark Infrastructure Partners LP (NASDAQ:LMRK) Director Gerald A. Tywoniuk sold 1,200 shares of Landmark Infrastructure Partners stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $17.48, for a total value of $20,976.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Landmark Infrastructure Partners LP (NASDAQ:LMRK) traded down $0.25 during midday trading on Monday, reaching $17.10. The company had a trading volume of 33,800 shares, compared to its average volume of 59,922. The stock has a market capitalization of $338.32, a price-to-earnings ratio of 25.15 and a beta of 0.45. Landmark Infrastructure Partners LP has a 52-week low of $12.55 and a 52-week high of $18.15. The company has a current ratio of 3.93, a quick ratio of 3.93 and a debt-to-equity ratio of 2.88.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st will be given a $0.3575 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.43 dividend on an annualized basis and a yield of 8.36%. This is a positive change from Landmark Infrastructure Partners’s previous quarterly dividend of $0.36. Landmark Infrastructure Partners’s dividend payout ratio is currently 255.36%.
A number of hedge funds and other institutional investors have recently modified their holdings of LMRK. Wells Fargo & Company MN boosted its position in Landmark Infrastructure Partners by 127.1% in the third quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after buying an additional 4,450 shares during the last quarter. US Bancorp DE purchased a new stake in Landmark Infrastructure Partners in the second quarter valued at approximately $160,000. Goldman Sachs Group Inc. purchased a new stake in Landmark Infrastructure Partners in the first quarter valued at approximately $165,000. Kayne Anderson Capital Advisors LP purchased a new stake in Landmark Infrastructure Partners in the second quarter valued at approximately $200,000. Finally, Royal Bank of Canada boosted its position in Landmark Infrastructure Partners by 16.4% in the second quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock valued at $214,000 after buying an additional 1,885 shares during the last quarter. Hedge funds and other institutional investors own 21.34% of the company’s stock.
Landmark Infrastructure Partners Company Profile
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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