Global Partners LP (NYSE:GLP) EVP Andrew P. Slifka Buys 1,700 Shares

Global Partners LP (NYSE:GLP) EVP Andrew P. Slifka acquired 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of $12.00 per share, with a total value of $20,400.00. Following the completion of the acquisition, the executive vice president now directly owns 3,165 shares of the company’s stock, valued at $37,980. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of GLP stock traded up $1.03 on Thursday, reaching $10.20. 12,352 shares of the company were exchanged, compared to its average volume of 293,422. Global Partners LP has a one year low of $6.30 and a one year high of $21.62. The company has a market cap of $318.15 million, a price-to-earnings ratio of 12.91 and a beta of 0.85. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.33 and a quick ratio of 0.73. The company has a 50-day moving average of $16.04 and a 200-day moving average of $19.00.

Global Partners (NYSE:GLP) last announced its quarterly earnings results on Friday, March 6th. The energy company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.06. Global Partners had a net margin of 0.27% and a return on equity of 11.62%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.16 billion. As a group, sell-side analysts predict that Global Partners LP will post 0.53 EPS for the current year.

A number of large investors have recently bought and sold shares of GLP. California Public Employees Retirement System increased its stake in shares of Global Partners by 22.3% during the 3rd quarter. California Public Employees Retirement System now owns 37,078 shares of the energy company’s stock worth $727,000 after purchasing an additional 6,767 shares during the last quarter. Sanders Morris Harris LLC increased its stake in shares of Global Partners by 2.8% during the 4th quarter. Sanders Morris Harris LLC now owns 36,950 shares of the energy company’s stock worth $727,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Global Partners during the 4th quarter worth approximately $1,554,000. Arrow Investment Advisors LLC increased its stake in shares of Global Partners by 3.7% during the 4th quarter. Arrow Investment Advisors LLC now owns 22,917 shares of the energy company’s stock worth $462,000 after purchasing an additional 814 shares during the last quarter. Finally, Greenwich Investment Management Inc. purchased a new stake in shares of Global Partners during the 4th quarter worth approximately $256,000. Hedge funds and other institutional investors own 37.99% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Global Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. ValuEngine raised shares of Global Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Wells Fargo & Co cut shares of Global Partners from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, January 7th. Barclays raised shares of Global Partners from an “underweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Global Partners from a “neutral” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.25.

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 in the New England states and New York.

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