FNY Investment Advisers LLC Has $558,000 Position in KNOT Offshore Partners LP $KNOP

FNY Investment Advisers LLC cut its stake in KNOT Offshore Partners LP (NYSE:KNOP) by 55.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,968 shares of the shipping company’s stock after selling 67,246 shares during the quarter. FNY Investment Advisers LLC’s holdings in KNOT Offshore Partners were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP boosted its stake in KNOT Offshore Partners by 11.5% during the 3rd quarter. GSA Capital Partners LLP now owns 48,075 shares of the shipping company’s stock worth $424,000 after acquiring an additional 4,957 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in KNOT Offshore Partners in the first quarter worth $130,000. Osaic Holdings Inc. raised its holdings in KNOT Offshore Partners by 220.3% in the second quarter. Osaic Holdings Inc. now owns 16,557 shares of the shipping company’s stock worth $104,000 after purchasing an additional 11,388 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of KNOT Offshore Partners during the second quarter worth $68,000. Finally, Russell Investments Group Ltd. boosted its position in shares of KNOT Offshore Partners by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 9,042 shares of the shipping company’s stock worth $58,000 after purchasing an additional 4,836 shares in the last quarter. 26.82% of the stock is currently owned by institutional investors and hedge funds.

KNOT Offshore Partners Trading Up 1.3%

KNOP opened at $10.09 on Friday. The stock has a market capitalization of $343.60 million, a P/E ratio of 14.84 and a beta of -0.10. The company has a current ratio of 0.26, a quick ratio of 0.25 and a debt-to-equity ratio of 1.07. KNOT Offshore Partners LP has a 12 month low of $5.45 and a 12 month high of $11.15. The firm’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $9.96.

KNOT Offshore Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, January 26th were issued a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, January 26th. KNOT Offshore Partners’s payout ratio is 14.71%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research cut shares of KNOT Offshore Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Alliance Global Partners reiterated a “neutral” rating on shares of KNOT Offshore Partners in a report on Monday, December 8th. Wall Street Zen cut KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KNOT Offshore Partners in a research report on Thursday, January 22nd. Finally, B. Riley Financial upgraded KNOT Offshore Partners from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, KNOT Offshore Partners currently has a consensus rating of “Hold” and an average price target of $14.00.

KNOT Offshore Partners Profile

KNOT Offshore Partners LP is a publicly traded limited partnership formed in 2013 to own and operate shuttle tankers under long‐term charters in the offshore oil industry. Listed on the New York Stock Exchange under the symbol KNOP, the partnership specializes in the transportation of crude oil from offshore production facilities to onshore refineries. Its fleet comprises moderne shuttle tankers equipped with dynamic positioning systems, enabling safe transfer operations in harsh weather and sea conditions.

The partnership’s vessels primarily serve fields in the North Sea, Brazil and West Africa, where they operate under multi‐year contracts with major energy producers.