Insider Buying: Global Partners LP (NYSE:GLP) Insider Purchases 10,000 Shares of Stock

Global Partners LP (NYSE:GLPGet Free Report) insider Global Gp Llc purchased 10,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $44.05 per share, with a total value of $440,500.00. Following the completion of the purchase, the insider now directly owns 67,981 shares of the company’s stock, valued at $2,994,563.05. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Global Gp Llc also recently made the following trade(s):

  • On Wednesday, May 22nd, Global Gp Llc bought 10,000 shares of Global Partners stock. The shares were acquired at an average cost of $43.49 per share, with a total value of $434,900.00.
  • On Monday, May 20th, Global Gp Llc purchased 10,000 shares of Global Partners stock. The shares were acquired at an average cost of $44.96 per share, for a total transaction of $449,600.00.
  • On Wednesday, May 15th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average cost of $43.29 per share, with a total value of $432,900.00.
  • On Monday, May 13th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was acquired at an average cost of $42.66 per share, for a total transaction of $426,600.00.

Global Partners Stock Performance

Shares of NYSE:GLP opened at $43.62 on Thursday. The company has a market cap of $1.48 billion, a P/E ratio of 16.22 and a beta of 1.33. Global Partners LP has a one year low of $27.07 and a one year high of $49.50. The business’s 50-day simple moving average is $45.75 and its 200 day simple moving average is $43.12. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.76 and a current ratio of 1.17.

Global Partners (NYSE:GLPGet Free Report) last posted its earnings results on Wednesday, February 28th. The energy company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.45. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Global Partners had a net margin of 0.71% and a return on equity of 18.45%. On average, sell-side analysts forecast that Global Partners LP will post 3.11 earnings per share for the current fiscal year.

Global Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a $0.71 dividend. This is a boost from Global Partners’s previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Wednesday, May 8th. Global Partners’s dividend payout ratio is presently 105.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Global Partners from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd.

View Our Latest Stock Analysis on GLP

Institutional Trading of Global Partners

Large investors have recently modified their holdings of the business. Fractal Investments LLC boosted its holdings in Global Partners by 46.5% in the fourth quarter. Fractal Investments LLC now owns 195,234 shares of the energy company’s stock valued at $8,260,000 after purchasing an additional 62,000 shares during the last quarter. Blackstone Inc. increased its holdings in Global Partners by 11.2% during the 4th quarter. Blackstone Inc. now owns 137,175 shares of the energy company’s stock worth $5,804,000 after purchasing an additional 13,800 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Global Partners by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 113,527 shares of the energy company’s stock valued at $5,038,000 after purchasing an additional 319 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Global Partners by 0.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 42,216 shares of the energy company’s stock valued at $1,786,000 after buying an additional 342 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Global Partners during the fourth quarter worth approximately $1,611,000. 38.12% of the stock is currently owned by institutional investors and hedge funds.

Global Partners Company Profile

(Get Free Report)

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.

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Insider Buying and Selling by Quarter for Global Partners (NYSE:GLP)

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