KNOT Offshore Partners (NYSE:KNOP) Stock Crosses Below 200-Day Moving Average of $5.65

KNOT Offshore Partners LP (NYSE:KNOP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.65 and traded as low as $5.03. KNOT Offshore Partners shares last traded at $5.14, with a volume of 49,332 shares changing hands.

KNOT Offshore Partners Price Performance

The stock has a market cap of $174.99 million, a P/E ratio of -5.04 and a beta of 0.67. The firm has a 50-day moving average price of $5.33 and a 200-day moving average price of $5.65. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.67 and a current ratio of 0.70.

KNOT Offshore Partners (NYSE:KNOP) last issued its earnings results on Monday, February 26th. The shipping company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.23). KNOT Offshore Partners had a negative net margin of 11.81% and a positive return on equity of 2.86%. The business had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. On average, analysts forecast that KNOT Offshore Partners LP will post -0.31 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.02%. KNOT Offshore Partners’s dividend payout ratio (DPR) is currently -9.80%.

Hedge Funds Weigh In On KNOT Offshore Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strategic Income Management LLC bought a new position in KNOT Offshore Partners in the 3rd quarter worth $3,920,000. 683 Capital Management LLC raised its holdings in KNOT Offshore Partners by 14.7% in the 3rd quarter. 683 Capital Management LLC now owns 1,146,501 shares of the shipping company’s stock worth $7,831,000 after purchasing an additional 146,501 shares during the period. FNY Investment Advisers LLC raised its holdings in KNOT Offshore Partners by 31.8% in the 4th quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock worth $398,000 after purchasing an additional 16,687 shares during the period. Atria Wealth Solutions Inc. bought a new position in KNOT Offshore Partners in the 4th quarter worth $61,000. Finally, EWA LLC bought a new position in KNOT Offshore Partners in the 4th quarter worth $75,000. 26.82% of the stock is currently owned by hedge funds and other institutional investors.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.