Deutsche Bank AG Boosts Holdings in KNOT Offshore Partners LP (NYSE:KNOP)

Deutsche Bank AG increased its holdings in KNOT Offshore Partners LP (NYSE:KNOP) by 58.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,665 shares of the shipping company’s stock after purchasing an additional 33,558 shares during the period. Deutsche Bank AG owned 0.28% of KNOT Offshore Partners worth $925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in KNOT Offshore Partners during the fourth quarter worth about $3,947,000. Raymond James & Associates lifted its position in shares of KNOT Offshore Partners by 3.0% in the fourth quarter. Raymond James & Associates now owns 67,319 shares of the shipping company’s stock valued at $1,334,000 after acquiring an additional 1,975 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its position in shares of KNOT Offshore Partners by 100.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 2,000 shares in the last quarter. Stifel Financial Corp lifted its position in KNOT Offshore Partners by 22.9% during the fourth quarter. Stifel Financial Corp now owns 13,428 shares of the shipping company’s stock worth $268,000 after buying an additional 2,500 shares in the last quarter. Finally, AJO LP purchased a new position in KNOT Offshore Partners during the fourth quarter worth approximately $186,000. 31.15% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Barclays restated a “hold” rating and issued a $16.00 target price on shares of KNOT Offshore Partners in a research report on Friday, May 29th. ValuEngine downgraded KNOT Offshore Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.00.

KNOT Offshore Partners stock opened at $13.74 on Wednesday. The stock has a 50-day simple moving average of $14.45 and a 200-day simple moving average of $15.87. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.47 and a current ratio of 0.49. The company has a market capitalization of $446.24 million, a P/E ratio of 11.26 and a beta of 1.46. KNOT Offshore Partners LP has a fifty-two week low of $8.67 and a fifty-two week high of $20.97.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Wednesday, May 27th. The shipping company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.70). The company had revenue of $67.82 million for the quarter. KNOT Offshore Partners had a net margin of 14.28% and a return on equity of 6.49%.

About KNOT Offshore Partners

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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Institutional Ownership by Quarter for KNOT Offshore Partners (NYSE:KNOP)

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