Blueknight Energy Partners L.P. (NASDAQ:BKEP) major shareholder Msd Partners, L.P. sold 170,212 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.06, for a total transaction of $861,272.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Msd Partners, L.P. also recently made the following trade(s):

  • On Friday, December 1st, Msd Partners, L.P. sold 31,597 shares of Blueknight Energy Partners stock. The shares were sold at an average price of $5.31, for a total transaction of $167,780.07.

Blueknight Energy Partners L.P. (NASDAQ:BKEP) opened at $5.10 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of -1.22. Blueknight Energy Partners L.P. has a 52-week low of $4.86 and a 52-week high of $7.55.

Blueknight Energy Partners (NASDAQ:BKEP) last announced its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The company had revenue of $47.47 million for the quarter, compared to analyst estimates of $52.01 million. Blueknight Energy Partners had a net margin of 11.78% and a negative return on equity of 10.32%. analysts expect that Blueknight Energy Partners L.P. will post 0.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date was Thursday, November 2nd. Blueknight Energy Partners’s dividend payout ratio is currently -322.20%.

A hedge fund recently raised its stake in Blueknight Energy Partners stock. Neuberger Berman Group LLC increased its holdings in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,332,153 shares of the pipeline company’s stock after purchasing an additional 59,381 shares during the period. Neuberger Berman Group LLC owned approximately 16.60% of Blueknight Energy Partners worth $39,576,000 at the end of the most recent quarter. 56.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Blueknight Energy Partners from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Wednesday. SunTrust Banks set a $8.00 price target on shares of Blueknight Energy Partners and gave the company a “buy” rating in a report on Tuesday, October 31st.

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About Blueknight Energy Partners

Blueknight Energy Partners, L.P. is a master limited partnership company. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. Asphalt terminaling services segment operations generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.

Insider Buying and Selling by Quarter for Blueknight Energy Partners (NASDAQ:BKEP)

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