Nustar GP Holdings, LLC (NYSE:NSH) was the recipient of some unusual options trading activity on Thursday. Investors purchased 818 put options on the company. This is an increase of approximately 611% compared to the average daily volume of 115 put options.

Nustar GP (NYSE NSH) opened at $14.85 on Friday. The firm has a market cap of $637.84, a PE ratio of 11.00 and a beta of 1.03. Nustar GP has a 12 month low of $13.65 and a 12 month high of $31.50.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 14.68%. The ex-dividend date of this dividend was Wednesday, November 8th. Nustar GP’s dividend payout ratio (DPR) is presently 110.10%.

A number of hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. boosted its stake in Nustar GP by 97.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,090 shares of the pipeline company’s stock worth $795,000 after buying an additional 17,774 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Nustar GP by 13.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock worth $10,476,000 after buying an additional 57,985 shares during the period. JPMorgan Chase & Co. boosted its stake in Nustar GP by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock worth $3,540,000 after buying an additional 81,046 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Nustar GP by 30.4% during the third quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock worth $12,215,000 after buying an additional 129,437 shares during the period. Finally, Center Coast Capital Advisors LP boosted its stake in Nustar GP by 8.9% during the third quarter. Center Coast Capital Advisors LP now owns 1,175,843 shares of the pipeline company’s stock worth $25,869,000 after buying an additional 96,298 shares during the period. 55.72% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on NSH. Zacks Investment Research lowered shares of Nustar GP from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. BidaskClub raised shares of Nustar GP from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Citigroup dropped their price objective on shares of Nustar GP from $30.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. UBS dropped their price objective on shares of Nustar GP from $33.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Finally, Mizuho reissued a “hold” rating and issued a $25.00 price objective on shares of Nustar GP in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.50.

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Nustar GP Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

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