KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Down 8.9% in September

KNOT Offshore Partners LP (NYSE:KNOP) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 341,300 shares, a decline of 8.9% from the September 15th total of 374,600 shares. Based on an average daily volume of 76,400 shares, the short-interest ratio is presently 4.5 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Trading of KNOT Offshore Partners

A number of institutional investors have recently bought and sold shares of KNOP. ORG Partners LLC bought a new stake in shares of KNOT Offshore Partners during the 1st quarter valued at about $37,000. Cubist Systematic Strategies LLC acquired a new position in KNOT Offshore Partners in the second quarter valued at approximately $229,000. Marshall Wace LLP boosted its holdings in shares of KNOT Offshore Partners by 297.5% during the 2nd quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company’s stock worth $1,023,000 after buying an additional 87,283 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of KNOT Offshore Partners by 3.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company’s stock worth $11,498,000 after buying an additional 41,100 shares during the period. Institutional investors own 26.82% of the company’s stock.

KNOT Offshore Partners Trading Down 0.8 %

Shares of KNOP traded down $0.05 during mid-day trading on Wednesday, reaching $6.51. 98,378 shares of the company were exchanged, compared to its average volume of 91,697. The business has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $6.61. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a market capitalization of $221.63 million, a PE ratio of -8.57 and a beta of 0.75. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings results on Tuesday, September 3rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.25). KNOT Offshore Partners had a return on equity of 2.84% and a net margin of 0.66%. The firm had revenue of $74.42 million for the quarter, compared to the consensus estimate of $69.84 million. During the same quarter in the previous year, the business posted $0.27 EPS. On average, analysts predict that KNOT Offshore Partners will post 0.15 earnings per share for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Monday, October 28th will be issued a $0.026 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.10 annualized dividend and a yield of 1.60%. KNOT Offshore Partners’s payout ratio is -13.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded KNOT Offshore Partners from a “buy” rating to a “hold” rating in a report on Tuesday.

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.