Global Partners LP (NYSE:GLP) Shares Sold by Bramshill Investments LLC

Bramshill Investments LLC decreased its position in shares of Global Partners LP (NYSE:GLP) by 37.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,165 shares of the energy company’s stock after selling 10,153 shares during the quarter. Bramshill Investments LLC owned 0.05% of Global Partners worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE boosted its position in Global Partners by 54.1% during the fourth quarter. US Bancorp DE now owns 1,425 shares of the energy company’s stock worth $66,000 after purchasing an additional 500 shares in the last quarter. Albert D Mason Inc. boosted its position in shares of Global Partners by 11.8% in the 4th quarter. Albert D Mason Inc. now owns 5,440 shares of the energy company’s stock worth $253,000 after buying an additional 575 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Global Partners in the 4th quarter worth about $288,000. XTX Topco Ltd acquired a new stake in Global Partners in the 4th quarter valued at about $302,000. Finally, SVB Wealth LLC purchased a new position in Global Partners during the 4th quarter valued at about $330,000. Institutional investors and hedge funds own 38.12% of the company’s stock.

Global Partners Stock Performance

Global Partners stock opened at $51.37 on Monday. Global Partners LP has a fifty-two week low of $37.00 and a fifty-two week high of $60.00. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.52 and a beta of 1.16. The stock has a fifty day moving average of $52.44 and a two-hundred day moving average of $51.86. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.64 and a current ratio of 1.14.

Global Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 9th will be paid a $0.745 dividend. This is an increase from Global Partners’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, May 9th. This represents a $2.98 annualized dividend and a yield of 5.80%. Global Partners’s payout ratio is presently 123.14%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus downgraded shares of Global Partners from a “buy” rating to a “hold” rating and upped their price target for the company from $54.00 to $56.00 in a report on Tuesday, March 4th.

Insider Buying and Selling at Global Partners

In other news, COO Mark Romaine sold 2,195 shares of Global Partners stock in a transaction on Friday, March 21st. The stock was sold at an average price of $54.06, for a total value of $118,661.70. Following the completion of the sale, the chief operating officer now owns 156,198 shares of the company’s stock, valued at $8,444,063.88. The trade was a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 41.50% of the stock is owned by insiders.

About Global Partners

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.