KNOT Offshore Partners (NYSE:KNOP) Stock Passes Below 200-Day Moving Average of $5.70

Shares of KNOT Offshore Partners LP (NYSE:KNOP) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.70 and traded as low as $5.00. KNOT Offshore Partners shares last traded at $5.07, with a volume of 59,937 shares trading hands.

KNOT Offshore Partners Stock Performance

The company has a market capitalization of $169.86 million, a PE ratio of -4.89 and a beta of 0.67. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.67 and a current ratio of 0.70. The stock’s fifty day simple moving average is $5.38 and its 200-day simple moving average is $5.68.

KNOT Offshore Partners (NYSE:KNOP) last announced its quarterly earnings data on Monday, February 26th. The shipping company reported ($0.16) earnings per share (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 firm had revenue of $73.03 million for the quarter, compared to analysts’ expectations of $70.96 million. As a group, equities analysts predict that KNOT Offshore Partners LP will post -0.31 earnings per share for the current year.

KNOT Offshore Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be given a $0.026 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.10 annualized dividend and a dividend yield of 2.08%. KNOT Offshore Partners’s dividend payout ratio is presently -9.80%.

Institutional Trading of KNOT Offshore Partners

Institutional investors have recently made changes to their positions in the stock. Strategic Income Management LLC acquired a new position in KNOT Offshore Partners during the third quarter valued at approximately $3,920,000. Millennium Management LLC acquired a new position in shares of KNOT Offshore Partners during the 4th quarter valued at $2,143,000. 683 Capital Management LLC boosted its position in KNOT Offshore Partners by 14.7% during 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. Renaissance Technologies LLC increased its holdings in KNOT Offshore Partners by 10.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,248,817 shares of the shipping company’s stock valued at $6,694,000 after purchasing an additional 120,500 shares in the last quarter. Finally, Morgan Stanley raised its position in KNOT Offshore Partners by 116.0% in the fourth quarter. Morgan Stanley now owns 119,062 shares of the shipping company’s stock valued at $1,147,000 after purchasing an additional 63,950 shares during the period. 26.82% of the stock is owned by hedge funds and other institutional investors.

About KNOT Offshore Partners

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.