683 Capital Management LLC Has $8.77 Million Stake in KNOT Offshore Partners LP (NYSE:KNOP)

683 Capital Management LLC grew its position in KNOT Offshore Partners LP (NYSE:KNOP - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,610,000 shares of the shipping company's stock after acquiring an additional 39,800 shares during the period. 683 Capital Management LLC owned 4.69% of KNOT Offshore Partners worth $8,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in KNOT Offshore Partners by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 583,545 shares of the shipping company's stock valued at $3,180,000 after buying an additional 141,213 shares during the last quarter. Jane Street Group LLC acquired a new stake in KNOT Offshore Partners in the fourth quarter worth about $184,000. Marshall Wace LLP lifted its position 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. Virtu Financial LLC acquired a new stake in shares of KNOT Offshore Partners during the 4th quarter worth approximately $135,000. Finally, Trexquant Investment LP raised its stake 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 buying an additional 23,907 shares during the last quarter. 26.82% of the stock is owned by institutional investors and hedge funds.

KNOT Offshore Partners Trading Up 1.3 %

NYSE:KNOP traded up $0.09 during trading hours on Wednesday, hitting $6.46. The stock had a trading volume of 15,467 shares, compared to its average volume of 90,997. The business's 50 day moving average is $6.24 and its 200-day moving average is $5.96. The company has a market cap of $221.39 million, a price-to-earnings ratio of -15.01 and a beta of -0.08. KNOT Offshore Partners LP has a one year low of $5.15 and a one year high of $9.11. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.44.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last posted its earnings results on Wednesday, March 19th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.51. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. The firm had revenue of $91.26 million during the quarter, compared to analysts' expectations of $76.50 million. Sell-side analysts anticipate that KNOT Offshore Partners LP will post 0.12 EPS for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, April 28th will be paid a $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, April 28th. KNOT Offshore Partners's payout ratio is currently 24.39%.

Analyst Ratings Changes

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

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.