KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Down 13.7% in February

KNOT Offshore Partners LP (NYSE:KNOP) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 200,400 shares, a drop of 13.7% from the February 13th total of 232,200 shares. Based on an average daily volume of 80,700 shares, the short-interest ratio is currently 2.5 days. Approximately 0.8% of the company’s shares are short sold.

KNOT Offshore Partners Price Performance

Shares of KNOP opened at $5.60 on Thursday. The company has a market cap of $191.89 million, a P/E ratio of -13.01 and a beta of 0.70. KNOT Offshore Partners has a fifty-two week low of $4.94 and a fifty-two week high of $9.11. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm’s 50 day moving average price is $5.65 and its 200 day moving average price is $6.02.

KNOT Offshore Partners (NYSE:KNOP) last announced 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. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. On average, research analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Monday, January 27th were issued a $0.026 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.10 annualized dividend and a yield of 1.86%. KNOT Offshore Partners’s dividend payout ratio (DPR) is -23.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On KNOT Offshore Partners

A number of hedge funds and other institutional investors have recently modified their holdings of KNOP. FNY Investment Advisers LLC boosted its position in shares of KNOT Offshore Partners by 8.8% during the 4th quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock worth $756,000 after acquiring an additional 11,200 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in KNOT Offshore Partners by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock worth $3,030,000 after purchasing an additional 31,792 shares during the last quarter. Millennium Management LLC boosted its holdings in KNOT Offshore Partners by 123.5% in the fourth quarter. Millennium Management LLC now owns 141,503 shares of the shipping company’s stock valued at $771,000 after purchasing an additional 78,194 shares in the last quarter. Jane Street Group LLC purchased a new position in KNOT Offshore Partners in the fourth quarter valued at approximately $184,000. Finally, Two Sigma Investments LP raised its holdings in KNOT Offshore Partners by 1.3% during the fourth quarter. Two Sigma Investments LP now owns 189,461 shares of the shipping company’s stock worth $1,033,000 after purchasing an additional 2,418 shares in the last quarter. 26.82% of the stock is currently owned by institutional investors and hedge funds.

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.