Höegh LNG Partners LP (NYSE:HMLP) Sees Large Increase in Short Interest


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Höegh LNG Partners LP (NYSE:HMLP) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 147,000 shares, a growth of 23.0% from the March 31st total of 119,500 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 208,000 shares, the short-interest ratio is currently 0.7 days.

Höegh LNG Partners stock opened at $17.64 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $14.61. The firm has a market capitalization of $587.55 million, a price-to-earnings ratio of 11.53, a PEG ratio of 1.61 and a beta of 1.93. Höegh LNG Partners has a 52-week low of $9.11 and a 52-week high of $17.67.

Höegh LNG Partners (NYSE:HMLP) last posted its earnings results on Thursday, February 25th. The shipping company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $36.06 million during the quarter, compared to analyst estimates of $36.22 million. Höegh LNG Partners had a net margin of 43.54% and a return on equity of 20.74%. Research analysts expect that Höegh LNG Partners will post 1.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Thursday, May 6th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date of this dividend is Wednesday, May 5th. Höegh LNG Partners’s dividend payout ratio is currently 84.21%.

Several equities research analysts have recently weighed in on HMLP shares. Bank of America downgraded shares of Höegh LNG Partners from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $17.00 to $16.00 in a research report on Friday, February 26th. Zacks Investment Research lowered shares of Höegh LNG Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 20th. Kepler Capital Markets reaffirmed a “buy” rating on shares of Höegh LNG Partners in a report on Friday, April 9th. Finally, Danske raised shares of Höegh LNG Partners from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.50.

Several large investors have recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of Höegh LNG Partners by 48.1% in the 4th quarter. Morgan Stanley now owns 301,248 shares of the shipping company’s stock worth $4,307,000 after acquiring an additional 97,781 shares during the period. Sigma Planning Corp lifted its stake in shares of Höegh LNG Partners by 12.9% in the 4th quarter. Sigma Planning Corp now owns 35,022 shares of the shipping company’s stock worth $501,000 after acquiring an additional 3,992 shares during the period. Boston Private Wealth LLC acquired a new stake in shares of Höegh LNG Partners in the 4th quarter worth approximately $362,000. Finally, Trustcore Financial Services LLC lifted its stake in shares of Höegh LNG Partners by 51.6% in the 1st quarter. Trustcore Financial Services LLC now owns 4,395 shares of the shipping company’s stock worth $64,000 after acquiring an additional 1,495 shares during the period. 21.31% of the stock is owned by institutional investors.

Höegh LNG Partners Company Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2019, it had a fleet of five FSRUs.

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