Hoegh LNG Partners LP (NYSE:HMLP) Short Interest Down 9.5% in November

Hoegh LNG Partners LP (NYSE:HMLP) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 76,000 shares, a decline of 9.5% from the October 31st total of 84,000 shares. Based on an average daily trading volume, of 111,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Shares of NYSE:HMLP traded down $0.21 during midday trading on Friday, reaching $15.46. 20,979 shares of the company traded hands, compared to its average volume of 138,207. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.27. Hoegh LNG Partners has a 12 month low of $14.01 and a 12 month high of $19.98. The firm has a market capitalization of $513.27 million, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 9.64 and a beta of 1.02. The firm’s fifty day moving average price is $15.57 and its two-hundred day moving average price is $16.53.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings data on Thursday, November 21st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. Hoegh LNG Partners had a return on equity of 17.30% and a net margin of 34.64%. The company had revenue of $36.98 million for the quarter, compared to analyst estimates of $36.93 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts forecast that Hoegh LNG Partners will post 1.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 11.38%. Hoegh LNG Partners’s payout ratio is 96.70%.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. B. Riley set a $21.00 target price on Hoegh LNG Partners and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered Hoegh LNG Partners from a “buy” rating to a “sell” rating and lowered their target price for the company from $16.00 to $14.00 in a research note on Tuesday, October 29th. ValuEngine lowered Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, Barclays set a $17.00 target price on Hoegh LNG Partners and gave the company a “hold” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Hoegh LNG Partners presently has a consensus rating of “Hold” and an average target price of $18.00.

Several large investors have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC raised its stake in shares of Hoegh LNG Partners by 14.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 7,000 shares of the shipping company’s stock valued at $121,000 after purchasing an additional 900 shares during the period. Taylor Frigon Capital Management LLC raised its stake in shares of Hoegh LNG Partners by 3.1% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 52,171 shares of the shipping company’s stock valued at $807,000 after purchasing an additional 1,592 shares during the period. Sigma Planning Corp raised its stake in shares of Hoegh LNG Partners by 13.6% during the 3rd quarter. Sigma Planning Corp now owns 33,090 shares of the shipping company’s stock valued at $512,000 after purchasing an additional 3,961 shares during the period. Arrow Investment Advisors LLC raised its stake in shares of Hoegh LNG Partners by 20.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 25,091 shares of the shipping company’s stock valued at $388,000 after purchasing an additional 4,284 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Hoegh LNG Partners by 17.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 33,286 shares of the shipping company’s stock valued at $514,000 after purchasing an additional 5,005 shares during the period. Institutional investors own 21.65% of the company’s stock.

Hoegh LNG Partners Company Profile

Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.

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