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

KNOT Offshore Partners LP (NYSE:KNOP) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 200,400 shares, a decline of 13.7% from the February 13th total of 232,200 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 80,700 shares, the short-interest ratio is presently 2.5 days.

KNOT Offshore Partners Stock Performance

KNOT Offshore Partners stock opened at $6.29 on Friday. The firm’s 50 day simple moving average is $5.65 and its 200 day simple moving average is $6.02. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $215.80 million, a PE ratio of -14.63 and a beta of 0.70. KNOT Offshore Partners has a 1-year low of $4.94 and a 1-year high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last posted its earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.51. The business had revenue of $91.26 million for the quarter, compared to analyst estimates of $76.50 million. KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. As a group, analysts expect that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were issued a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -23.26%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday.

Institutional Trading of KNOT Offshore Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its holdings in KNOT Offshore Partners by 15.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company’s stock worth $74,000 after acquiring an additional 1,865 shares during the period. Transce3nd LLC purchased a new position in KNOT Offshore Partners in the 4th quarter worth approximately $77,000. Virtu Financial LLC purchased a new position in KNOT Offshore Partners in the 4th quarter worth approximately $135,000. Jane Street Group LLC purchased a new position in KNOT Offshore Partners in the 4th quarter worth approximately $184,000. Finally, Trexquant Investment LP grew its stake in KNOT Offshore Partners by 170.4% in the 4th quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company’s stock worth $207,000 after buying an additional 23,907 shares in the last quarter. Institutional investors own 26.82% of the company’s stock.

About KNOT Offshore Partners

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