Fractal Investments LLC Acquires 62,000 Shares of Global Partners LP (NYSE:GLP)

Fractal Investments LLC boosted its holdings in Global Partners LP (NYSE:GLP) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,234 shares of the energy company’s stock after purchasing an additional 62,000 shares during the period. Global Partners makes up 1.7% of Fractal Investments LLC’s portfolio, making the stock its 15th largest position. Fractal Investments LLC owned 0.58% of Global Partners worth $8,260,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC bought a new stake in Global Partners in the fourth quarter worth $85,000. NewEdge Wealth LLC boosted its holdings in shares of Global Partners by 5.4% during the fourth quarter. NewEdge Wealth LLC now owns 21,572 shares of the energy company’s stock worth $913,000 after purchasing an additional 1,100 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Global Partners during the fourth quarter worth about $1,611,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Global Partners by 34.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 113,208 shares of the energy company’s stock worth $4,790,000 after purchasing an additional 28,735 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Global Partners by 5.3% during the fourth quarter. Raymond James & Associates now owns 15,909 shares of the energy company’s stock worth $673,000 after purchasing an additional 807 shares during the period. 38.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GLP shares. Stifel Nicolaus increased their target price on shares of Global Partners from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 27th. StockNews.com lowered shares of Global Partners from a “buy” rating to a “hold” rating in a report on Tuesday.

Global Partners Stock Down 0.7 %

GLP traded down $0.31 on Wednesday, hitting $46.64. The company had a trading volume of 70,922 shares, compared to its average volume of 139,519. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.12 and a quick ratio of 0.71. Global Partners LP has a 52-week low of $27.07 and a 52-week high of $49.50. The stock has a fifty day simple moving average of $46.28 and a 200-day simple moving average of $41.05. The firm has a market capitalization of $1.58 billion, a P/E ratio of 12.40 and a beta of 1.35.

Global Partners (NYSE:GLP) last issued its quarterly earnings data on Wednesday, February 28th. The energy company reported $1.41 EPS for the quarter, topping the consensus estimate of $0.96 by $0.45. Global Partners had a net margin of 0.92% and a return on equity of 23.91%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.39 billion. As a group, equities analysts expect that Global Partners LP will post 3.9 EPS for the current fiscal year.

Global Partners Profile

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. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.