BidaskClub cut shares of KNOT Offshore Partners LP (NYSE:KNOP) from a sell rating to a strong sell rating in a research note published on Saturday.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of KNOT Offshore Partners from a strong-buy rating to a buy rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of KNOT Offshore Partners from a hold rating to a sell rating in a report on Thursday, November 9th.

Shares of KNOT Offshore Partners (NYSE KNOP) opened at $21.05 on Friday. The stock has a market cap of $683.31, a price-to-earnings ratio of 9.09 and a beta of 0.77. KNOT Offshore Partners has a 52 week low of $20.60 and a 52 week high of $24.67. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.63.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, November 2nd will be issued a $0.52 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $2.08 annualized dividend and a yield of 9.88%. KNOT Offshore Partners’s dividend payout ratio (DPR) is presently 87.03%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Texas Yale Capital Corp. bought a new position in KNOT Offshore Partners in the 3rd quarter worth $200,000. Arrowstreet Capital Limited Partnership bought a new position in shares of KNOT Offshore Partners during the 2nd quarter worth about $381,000. Green Square Capital LLC increased its holdings in shares of KNOT Offshore Partners by 1.8% during the 2nd quarter. Green Square Capital LLC now owns 372,966 shares of the shipping company’s stock worth $8,560,000 after purchasing an additional 6,554 shares during the period. Royal Bank of Canada increased its holdings in shares of KNOT Offshore Partners by 4.8% during the 2nd quarter. Royal Bank of Canada now owns 8,775 shares of the shipping company’s stock worth $201,000 after purchasing an additional 405 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of KNOT Offshore Partners by 6.5% during the 2nd quarter. California Public Employees Retirement System now owns 34,500 shares of the shipping company’s stock worth $792,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 49.78% of the company’s stock.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership), owns, operates and acquires shuttle tankers under long-term charters. The Partnership’s vessels in its fleet are chartered to Statoil ASA (Statoil), Petrobras Transporte SA (Transpetro), Repsol Sinopec Brasil, SA (Repsol), Royal Dutch Shell plc, ExxonMobil, and Eni Trading and Shipping S.p.A.

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