KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Update

KNOT Offshore Partners LP (NYSE:KNOP) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 23,900 shares, a decrease of 15.5% from the March 31st total of 28,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 72,300 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On KNOT Offshore Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNOP. Valeo Financial Advisors LLC purchased a new position in shares of KNOT Offshore Partners in the first quarter valued at $57,000. Jump Financial LLC purchased a new position in KNOT Offshore Partners during the 4th quarter valued at about $153,000. EWA LLC bought a new stake in shares of KNOT Offshore Partners during the fourth quarter valued at about $75,000. Atria Wealth Solutions Inc. purchased a new stake in shares of KNOT Offshore Partners in the fourth quarter worth about $61,000. Finally, FNY Investment Advisers LLC boosted its position in shares of KNOT Offshore Partners by 31.8% in the fourth quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock valued at $398,000 after acquiring an additional 16,687 shares during the period. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Performance

Shares of KNOP opened at $4.99 on Friday. The stock has a 50 day moving average of $5.30 and a 200 day moving average of $5.63. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 1.64. KNOT Offshore Partners has a 12 month low of $4.28 and a 12 month high of $7.00. The company has a market capitalization of $169.86 million, a price-to-earnings ratio of -4.89 and a beta of 0.67.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Monday, February 26th. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). KNOT Offshore Partners had a positive return on equity of 2.86% and a negative net margin of 11.81%. The company had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. As a group, sell-side analysts forecast that KNOT Offshore Partners will post -0.31 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be issued a $0.026 dividend. This represents a $0.10 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, April 26th. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently -9.80%.

About KNOT Offshore Partners

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.