NBW Capital LLC Acquires Shares of 52,225 Global Partners LP (NYSE:GLP)

NBW Capital LLC acquired a new stake in Global Partners LP (NYSE:GLP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,225 shares of the energy company’s stock, valued at approximately $2,431,000. NBW Capital LLC owned about 0.15% of Global Partners as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GLP. Capital Performance Advisors LLP bought a new position in Global Partners in the 3rd quarter valued at $93,000. Infrastructure Capital Advisors LLC grew its position in Global Partners by 57.7% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 141,147 shares of the energy company’s stock valued at $6,572,000 after acquiring an additional 51,630 shares during the last quarter. Stifel Financial Corp grew its position in Global Partners by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 31,750 shares of the energy company’s stock valued at $1,478,000 after acquiring an additional 2,166 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Global Partners by 9,171.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,464 shares of the energy company’s stock worth $3,281,000 after buying an additional 69,704 shares in the last quarter. Finally, Albert D Mason Inc. grew its position in shares of Global Partners by 11.8% during the 4th quarter. Albert D Mason Inc. now owns 5,440 shares of the energy company’s stock worth $253,000 after buying an additional 575 shares in the last quarter. Institutional investors own 38.12% of the company’s stock.

Global Partners Price Performance

GLP opened at $57.35 on Tuesday. Global Partners LP has a 12-month low of $37.00 and a 12-month high of $60.00. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 2.41. The business’s fifty day simple moving average is $53.02 and its 200-day simple moving average is $49.51. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.33 and a beta of 1.47.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a dividend of $0.74 per share. This is an increase from Global Partners’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, February 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.16%. Global Partners’s dividend payout ratio is presently 122.31%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus increased their price target on Global Partners from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Global Partners Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.