Short Interest in KNOT Offshore Partners LP (NYSE:KNOP) Declines By 13.7%

KNOT Offshore Partners LP (NYSE:KNOP) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 200,400 shares, a decrease of 13.7% from the February 13th total of 232,200 shares. Based on an average daily volume of 80,700 shares, the short-interest ratio is presently 2.5 days. Currently, 0.8% of the shares of the company are sold short.

KNOT Offshore Partners Stock Up 0.6 %

KNOP stock opened at $5.60 on Thursday. The stock has a market capitalization of $191.89 million, a P/E ratio of -13.01 and a beta of 0.70. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11. The firm has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $6.02. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.52.

KNOT Offshore Partners (NYSE:KNOP) last posted its quarterly earnings data on Wednesday, March 19th. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.04 by $0.51. KNOT Offshore Partners had a negative return on equity of 0.29% and a negative net margin of 4.82%. Equities analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, January 27th were given a $0.026 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.86%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently -23.26%.

Hedge Funds Weigh In On KNOT Offshore Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its position in shares of KNOT Offshore Partners by 15.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 13,589 shares of the shipping company’s stock valued at $74,000 after buying an additional 1,865 shares during the period. Transce3nd LLC purchased a new stake in KNOT Offshore Partners in the fourth quarter valued at $77,000. Virtu Financial LLC acquired a new position in shares of KNOT Offshore Partners in the 4th quarter valued at $135,000. Jane Street Group LLC purchased a new position in shares of KNOT Offshore Partners during the 4th quarter worth $184,000. Finally, Trexquant Investment LP grew its holdings in shares of KNOT Offshore Partners by 170.4% during the 4th quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company’s stock worth $207,000 after purchasing an additional 23,907 shares during the period. Institutional investors and hedge funds own 26.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of KNOT Offshore Partners from a “buy” rating to a “hold” rating in a research report on Tuesday.

About KNOT Offshore Partners

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.