683 Capital Management LLC Purchases 39,800 Shares of KNOT Offshore Partners LP (NYSE:KNOP)

683 Capital Management LLC boosted its stake in shares of KNOT Offshore Partners LP (NYSE:KNOP - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,610,000 shares of the shipping company's stock after purchasing an additional 39,800 shares during the period. 683 Capital Management LLC owned about 4.69% of KNOT Offshore Partners worth $8,774,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in KNOT Offshore Partners by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company's stock valued at $3,030,000 after purchasing an additional 31,792 shares in the last quarter. FNY Investment Advisers LLC increased its stake in KNOT Offshore Partners by 8.8% in the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company's stock worth $756,000 after buying an additional 11,200 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of KNOT Offshore Partners in the fourth quarter valued at about $135,000. Trexquant Investment LP grew its position in shares of KNOT Offshore Partners by 170.4% during the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company's stock worth $207,000 after purchasing an additional 23,907 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in KNOT Offshore Partners by 19.0% during the 4th quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company's stock valued at $1,112,000 after purchasing an additional 32,616 shares during the period. Institutional investors own 26.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on KNOP shares. Fearnley Fonds upgraded KNOT Offshore Partners to a "strong-buy" rating in a research note on Tuesday, April 1st. StockNews.com raised shares of KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th.

KNOT Offshore Partners Price Performance

KNOT Offshore Partners stock traded down $0.04 during midday trading on Friday, reaching $6.50. 72,202 shares of the stock traded hands, compared to its average volume of 91,589. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a market cap of $223.03 million, a P/E ratio of -15.12 and a beta of 0.27. KNOT Offshore Partners LP has a 12 month low of $5.15 and a 12 month high of $9.11. The stock's fifty day moving average is $6.20 and its 200-day moving average is $5.96.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The shipping company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.04 by $0.51. The business had revenue of $91.26 million during 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, equities research analysts anticipate that KNOT Offshore Partners LP will post 0.12 EPS for the current year.

KNOT Offshore Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, April 28th will be given a dividend of $0.026 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.10 dividend on an annualized basis and a yield of 1.60%. KNOT Offshore Partners's dividend payout ratio (DPR) is presently 24.39%.

KNOT Offshore Partners Company Profile

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.