Global Partners LP (NYSE:GLP) Insider Global Gp Llc Buys 2,400 Shares

Global Partners LP (NYSE:GLP) insider Global Gp Llc purchased 2,400 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $41.88 per share, for a total transaction of $100,512.00. Following the acquisition, the insider now directly owns 196,681 shares of the company’s stock, valued at approximately $8,237,000.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Global Gp Llc also recently made the following trade(s):

• On Thursday, August 15th, Global Gp Llc bought 1,300 shares of Global Partners stock. The stock was purchased at an average cost of $40.49 per share, for a total transaction of $52,637.00.
• On Thursday, June 20th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The shares were purchased at an average price of $45.68 per share, for a total transaction of $456,800.00.
• On Monday, June 17th, Global Gp Llc purchased 10,000 shares of Global Partners stock. The shares were acquired at an average price of $47.37 per share, for a total transaction of $473,700.00.
• On Monday, June 10th, Global Gp Llc purchased 10,000 shares of Global Partners stock. The stock was bought at an average cost of $50.23 per share, with a total value of $502,300.00.
• On Thursday, May 30th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was bought at an average price of $46.69 per share, for a total transaction of $466,900.00.
• On Tuesday, May 28th, Global Gp Llc bought 10,000 shares of Global Partners stock. The shares were bought at an average cost of $44.63 per share, with a total value of $446,300.00.
• On Friday, May 24th, Global Gp Llc purchased 10,000 shares of Global Partners stock. The shares were bought at an average price of $44.92 per share, for a total transaction of $449,200.00.
• On Wednesday, May 22nd, Global Gp Llc acquired 10,000 shares of Global Partners stock. The shares were purchased at an average price of $43.49 per share, with a total value of $434,900.00.

Global Partners Stock Down 0.1 %

Shares of Global Partners stock traded down $0.06 during midday trading on Monday, reaching $41.82. 52,296 shares of the company’s stock traded hands, compared to its average volume of 112,966. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.76 and a current ratio of 1.17. Global Partners LP has a 52 week low of $27.07 and a 52 week high of $50.85. The company’s 50 day simple moving average is $43.02 and its 200 day simple moving average is $45.09. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 15.57 and a beta of 1.38.

Global Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.72 per share. This is a positive change from Global Partners’s previous quarterly dividend of $0.71. This represents a $2.88 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Thursday, August 8th. Global Partners’s dividend payout ratio (DPR) is 107.06%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Global Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on Global Partners from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, August 9th.

Institutional Trading of Global Partners

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Global Partners during the 4th quarter worth $1,611,000. Commonwealth Equity Services LLC grew its holdings in Global Partners by 8.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 27,510 shares of the energy company’s stock valued at $1,221,000 after buying an additional 2,030 shares during the last quarter. Blackstone Inc. increased its position in Global Partners by 11.2% in the 4th quarter. Blackstone Inc. now owns 137,175 shares of the energy company’s stock worth $5,804,000 after buying an additional 13,800 shares during the period. Fractal Investments LLC lifted its holdings in shares of Global Partners by 46.5% during the fourth quarter. Fractal Investments LLC now owns 195,234 shares of the energy company’s stock worth $8,260,000 after buying an additional 62,000 shares during the last quarter. Finally, Leo Wealth LLC bought a new stake in shares of Global Partners in the fourth quarter valued at approximately $423,000. Institutional investors own 38.12% of the company’s stock.

About Global Partners

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.