Hoegh LNG Partners LP (NASDAQ:HMLP) Shares Bought by Forward Management LLC
Forward Management LLC increased its stake in Hoegh LNG Partners LP (NASDAQ:HMLP) by 125.8% during the second quarter, Holdings Channel reports. The fund owned 20,100 shares of the shipping company’s stock after buying an additional 11,200 shares during the period. Forward Management LLC’s holdings in Hoegh LNG Partners were worth $385,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Hoegh LNG Partners during the second quarter valued at $428,000. BB&T Corp bought a new stake in Hoegh LNG Partners during the second quarter valued at $192,000. Green Square Capital LLC increased its stake in Hoegh LNG Partners by 204.6% in the first quarter. Green Square Capital LLC now owns 74,413 shares of the shipping company’s stock valued at $1,462,000 after buying an additional 49,983 shares during the last quarter. Bank of America Corp DE increased its stake in Hoegh LNG Partners by 179.6% in the first quarter. Bank of America Corp DE now owns 108,659 shares of the shipping company’s stock valued at $2,135,000 after buying an additional 69,793 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Hoegh LNG Partners by 70.0% in the first quarter. Renaissance Technologies LLC now owns 112,097 shares of the shipping company’s stock valued at $2,203,000 after buying an additional 46,140 shares during the last quarter.
Shares of Hoegh LNG Partners LP (NASDAQ HMLP) opened at 18.15 on Friday. The firm has a market capitalization of $597.33 million and a P/E ratio of 9.23. Hoegh LNG Partners LP has a one year low of $17.05 and a one year high of $20.65. The firm has a 50-day moving average of $19.13 and a 200-day moving average of $19.38.
Hoegh LNG Partners (NASDAQ:HMLP) last announced its quarterly earnings data on Wednesday, May 24th. The shipping company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Hoegh LNG Partners had a return on equity of 33.57% and a net margin of 106.97%. The firm had revenue of $35.08 million during the quarter, compared to analyst estimates of $30.17 million. On average, equities analysts predict that Hoegh LNG Partners LP will post $1.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Thursday, August 3rd will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 9.48%. The ex-dividend date of this dividend is Tuesday, August 1st.
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Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Barclays PLC raised shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $21.00 to $22.00 in a report on Tuesday, July 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $20.50 price target (down from $22.00) on shares of Hoegh LNG Partners in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Hoegh LNG Partners has an average rating of “Hold” and a consensus price target of $21.10.
Hoegh LNG Partners Company Profile
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.
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