E&G Advisors LP decreased its position in Landmark Infrastructure Partners LP (NASDAQ:LMRK) by 22.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 149,000 shares of the financial services provider’s stock after selling 43,000 shares during the period. Landmark Infrastructure Partners makes up 1.1% of E&G Advisors LP’s portfolio, making the stock its 16th largest position. E&G Advisors LP owned 0.76% of Landmark Infrastructure Partners worth $2,384,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Landmark Infrastructure Partners by 5.0% in the fourth quarter. Renaissance Technologies LLC now owns 68,500 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 3,256 shares during the period. Guggenheim Capital LLC raised its stake in Landmark Infrastructure Partners by 115.9% in the fourth quarter. Guggenheim Capital LLC now owns 84,982 shares of the financial services provider’s stock worth $1,296,000 after buying an additional 45,622 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Landmark Infrastructure Partners during the first quarter worth $253,000. Regent Investment Management LLC raised its stake in Landmark Infrastructure Partners by 15.5% in the first quarter. Regent Investment Management LLC now owns 82,083 shares of the financial services provider’s stock worth $1,227,000 after buying an additional 11,000 shares in the last quarter. Finally, Orinda Asset Management LLC bought a new stake in Landmark Infrastructure Partners during the first quarter worth $640,000. Institutional investors own 21.07% of the company’s stock.
Landmark Infrastructure Partners LP (NASDAQ:LMRK) opened at 16.45 on Friday. The firm has a market cap of $376.44 million, a P/E ratio of 31.51 and a beta of 0.42. Landmark Infrastructure Partners LP has a 1-year low of $12.55 and a 1-year high of $18.44. The firm has a 50-day moving average of $16.69 and a 200 day moving average of $15.80.
Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. Landmark Infrastructure Partners had a net margin of 26.38% and a return on equity of 9.69%. The business had revenue of $12.80 million during the quarter, compared to analyst estimates of $13.63 million. On average, analysts predict that Landmark Infrastructure Partners LP will post $0.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be paid a $0.355 dividend. This is a boost from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, July 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 8.63%. Landmark Infrastructure Partners’s dividend payout ratio is currently 262.96%.
A number of research firms have recently weighed in on LMRK. BidaskClub raised Landmark Infrastructure Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Landmark Infrastructure Partners in a research report on Wednesday. Zacks Investment Research lowered Landmark Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Thursday. Finally, FBR & Co set a $18.00 target price on Landmark Infrastructure Partners and gave the company a “buy” rating in a report on Saturday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.33.
In other news, insider Arthur P. Brazy, Jr. bought 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average price of $15.88 per share, for a total transaction of $111,160.00. Following the transaction, the insider now directly owns 76,981 shares of the company’s stock, valued at approximately $1,222,458.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider George P. Doyle bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were purchased at an average price of $15.95 per share, with a total value of $63,800.00. Following the transaction, the insider now directly owns 9,202 shares in the company, valued at $146,771.90. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.
About Landmark Infrastructure Partners
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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