Renaissance Technologies LLC Sells 66,433 Shares of KNOT Offshore Partners LP (NYSE:KNOP)

Renaissance Technologies LLC decreased its holdings in shares of KNOT Offshore Partners LP (NYSE:KNOP - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,153,702 shares of the shipping company's stock after selling 66,433 shares during the quarter. Renaissance Technologies LLC owned 3.36% of KNOT Offshore Partners worth $6,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP grew its stake in KNOT Offshore Partners by 170.4% during the 4th quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company's stock valued at $207,000 after acquiring an additional 23,907 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of KNOT Offshore Partners by 31.9% during the fourth quarter. JPMorgan Chase & Co. now owns 583,545 shares of the shipping company's stock worth $3,180,000 after purchasing an additional 141,213 shares during the period. Virtu Financial LLC acquired a new position in KNOT Offshore Partners in the 4th quarter valued at approximately $135,000. Finally, FNY Investment Advisers LLC lifted its position 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. 26.82% of the stock is owned by institutional investors and hedge funds.

KNOT Offshore Partners Stock Up 1.0 %

KNOP traded up $0.07 during midday trading on Thursday, hitting $6.41. 75,278 shares of the company's stock traded hands, compared to its average volume of 92,701. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. The company has a market cap of $219.67 million, a PE ratio of -14.80 and a beta of 0.27. KNOT Offshore Partners LP has a one year low of $4.97 and a one year high of $9.11. The stock's fifty day simple moving average is $6.05 and its 200-day simple moving average is $5.97.

KNOT Offshore Partners (NYSE:KNOP - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The shipping company reported $0.55 earnings per share (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 analysts anticipate that KNOT Offshore Partners LP will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, April 28th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.10 annualized dividend and a dividend yield of 1.62%. KNOT Offshore Partners's dividend payout ratio (DPR) is presently 24.39%.

Analyst Ratings Changes

KNOP has been the topic of a number of research reports. Fearnley Fonds raised shares of KNOT Offshore Partners to a "strong-buy" rating in a research note on Tuesday, April 1st. StockNews.com upgraded KNOT Offshore Partners from a "hold" rating to a "buy" rating in a research note 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.