Insider Buying: Nustar GP Holdings, LLC (NSH) Director Acquires 7,500 Shares of Stock
Nustar GP Holdings, LLC (NYSE:NSH) Director William E. Greehey purchased 7,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $22.04 per share, with a total value of $165,300.00. Following the completion of the acquisition, the director now directly owns 8,696,280 shares in the company, valued at $191,666,011.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Nustar GP Holdings, LLC (NYSE:NSH) traded up 0.91% during trading on Friday, reaching $22.15. The company had a trading volume of 60,121 shares. Nustar GP Holdings, LLC has a 52-week low of $21.30 and a 52-week high of $31.50. The stock has a market capitalization of $951.36 million, a price-to-earnings ratio of 10.39 and a beta of 1.18. The stock has a 50 day moving average of $23.58 and a 200 day moving average of $26.61.
Nustar GP Holdings (NYSE:NSH) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.21. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 25.68%. The firm had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $16.22 million. Equities research analysts forecast that Nustar GP Holdings, LLC will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.18 dividend on an annualized basis and a yield of 9.93%. Nustar GP Holdings’s dividend payout ratio is currently 102.83%.
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A number of institutional investors have recently modified their holdings of NSH. Trent Capital Management Inc. NC acquired a new position in shares of Nustar GP Holdings during the second quarter worth about $201,000. Stifel Financial Corp purchased a new stake in shares of Nustar GP Holdings during the first quarter valued at approximately $206,000. Proficio Capital Partners LLC raised its stake in shares of Nustar GP Holdings by 11.0% in the second quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock valued at $214,000 after buying an additional 925 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Nustar GP Holdings by 5.9% in the second quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock valued at $216,000 after buying an additional 495 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Nustar GP Holdings by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock valued at $248,000 after buying an additional 100 shares during the last quarter. 55.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on NSH shares. Barclays PLC reaffirmed a “hold” rating on shares of Nustar GP Holdings in a report on Friday, April 14th. Credit Suisse Group lifted their price target on Nustar GP Holdings from $27.00 to $28.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. Macquarie started coverage on Nustar GP Holdings in a report on Friday, April 21st. They set a “neutral” rating and a $26.00 price target for the company. BidaskClub downgraded Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Finally, Zacks Investment Research downgraded Nustar GP Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.33.
Nustar GP Holdings Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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