Cohen & Steers Inc. lowered its holdings in shares of Hoegh LNG Partners LP (NYSE:HMLP) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,729 shares of the shipping company’s stock after selling 4,300 shares during the period. Cohen & Steers Inc. owned approximately 1.04% of Hoegh LNG Partners worth $3,798,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Stifel Financial Corp increased its position in shares of Hoegh LNG Partners by 3.3% during the 2nd quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after purchasing an additional 591 shares during the period. FMR LLC increased its position in shares of Hoegh LNG Partners by 2.5% during the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after purchasing an additional 35,806 shares during the period. Acrospire Investment Management LLC increased its position in shares of Hoegh LNG Partners by 341.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,037 shares during the period. Bard Associates Inc. acquired a new position in shares of Hoegh LNG Partners during the 2nd quarter valued at $321,000. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of Hoegh LNG Partners by 1.9% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock valued at $43,988,000 after purchasing an additional 43,400 shares during the period. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hoegh LNG Partners LP (NYSE:HMLP) remained flat at $$17.45 during midday trading on Tuesday. The company’s stock had a trading volume of 110,400 shares, compared to its average volume of 57,212. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $344.90, a price-to-earnings ratio of 16.46, a PEG ratio of 0.80 and a beta of 0.93. Hoegh LNG Partners LP has a one year low of $16.90 and a one year high of $20.65.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Thursday, November 2nd were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date of this dividend was Wednesday, November 1st. Hoegh LNG Partners’s payout ratio is 109.55%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub cut Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, October 6th. ValuEngine upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Citigroup lifted their target price on Hoegh LNG Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Hoegh LNG Partners currently has an average rating of “Buy” and a consensus price target of $21.63.
WARNING: This piece was first published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://transcriptdaily.com/2017/12/12/hoegh-lng-partners-lp-hmlp-holdings-trimmed-by-cohen-steers-inc.html.
About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
Want to see what other hedge funds are holding HMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hoegh LNG Partners LP (NYSE:HMLP).
Receive News & Ratings for Hoegh LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.