Global Partners LP (NYSE:GLP) insider Global Gp Llc purchased 2,193 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average price of $9.81 per share, for a total transaction of $21,513.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Global Gp Llc also recently made the following trade(s):
- On Friday, June 26th, Global Gp Llc purchased 27,807 shares of Global Partners stock. The shares were purchased at an average price of $9.60 per share, for a total transaction of $266,947.20.
Shares of NYSE GLP traded up $0.11 during midday trading on Tuesday, hitting $9.67. The company's stock had a trading volume of 2,896 shares, compared to its average volume of 155,069. The stock has a fifty day moving average price of $10.25 and a 200 day moving average price of $14.43. Global Partners LP has a one year low of $6.30 and a one year high of $20.95. The company has a current ratio of 1.84, a quick ratio of 1.26 and a debt-to-equity ratio of 4.14. The firm has a market capitalization of $330.09 million, a price-to-earnings ratio of 13.62 and a beta of 1.58.
Global Partners (NYSE:GLP) last posted its quarterly earnings results on Friday, May 8th. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.20). Global Partners had a net margin of 0.25% and a return on equity of 11.01%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $3.09 billion. On average, equities research analysts predict that Global Partners LP will post -0.42 earnings per share for the current fiscal year.
Several analysts have commented on GLP shares. Stifel Nicolaus lowered their price objective on shares of Global Partners from $19.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Co lowered their price objective on shares of Global Partners from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 14th. Barclays raised shares of Global Partners from an "underweight" rating to an "equal weight" rating in a research report on Tuesday, March 24th. Finally, ValuEngine raised shares of Global Partners from a "sell" rating to a "hold" rating in a research report on Friday, May 1st. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of "Hold" and an average target price of $16.25.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new stake in shares of Global Partners in the first quarter valued at approximately $49,000. Acadian Asset Management LLC bought a new stake in shares of Global Partners in the first quarter valued at approximately $53,000. Avantax Advisory Services Inc. raised its position in shares of Global Partners by 28.2% in the first quarter. Avantax Advisory Services Inc. now owns 16,076 shares of the energy company's stock valued at $139,000 after purchasing an additional 3,535 shares during the period. Vident Investment Advisory LLC bought a new stake in Global Partners during the 1st quarter worth approximately $144,000. Finally, AE Wealth Management LLC bought a new stake in Global Partners during the 1st quarter worth approximately $152,000. 34.61% of the stock is currently owned by institutional investors.
Global Partners Company Profile
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 in the New England states and New York.
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