FNY Investment Advisers LLC Has $756,000 Position in KNOT Offshore Partners LP (NYSE:KNOP)

FNY Investment Advisers LLC boosted its stake in KNOT Offshore Partners LP (NYSE:KNOP) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,890 shares of the shipping company’s stock after purchasing an additional 11,200 shares during the quarter. FNY Investment Advisers LLC owned about 0.40% of KNOT Offshore Partners worth $756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in KNOT Offshore Partners by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock valued at $3,030,000 after purchasing an additional 31,792 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of KNOT Offshore Partners during the second quarter worth about $229,000. Marshall Wace LLP raised its holdings in shares of KNOT Offshore Partners by 297.5% in the 2nd quarter. Marshall Wace LLP now owns 116,623 shares of the shipping company’s stock worth $1,023,000 after acquiring an additional 87,283 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in KNOT Offshore Partners by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,311,017 shares of the shipping company’s stock valued at $11,498,000 after acquiring an additional 41,100 shares in the last quarter. 26.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

KNOT Offshore Partners Trading Down 1.6 %

NYSE KNOP opened at $5.99 on Tuesday. KNOT Offshore Partners LP has a 12 month low of $4.94 and a 12 month high of $9.11. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $205.44 million, a P/E ratio of -13.93 and a beta of 0.74. The business has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $6.61.

KNOT Offshore Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, January 27th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.10 annualized dividend and a yield of 1.74%. KNOT Offshore Partners’s dividend payout ratio (DPR) is -23.26%.

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.