Roosevelt Investment Group Inc. Raises Holdings in Enviva Partners, LP (EVA)
Roosevelt Investment Group Inc. raised its position in shares of Enviva Partners, LP (NYSE:EVA) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,746 shares of the energy company’s stock after purchasing an additional 305 shares during the quarter. Roosevelt Investment Group Inc. owned about 0.05% of Enviva Partners, worth $213,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EVA. Goldman Sachs Group Inc. boosted its stake in Enviva Partners, by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,148,071 shares of the energy company’s stock valued at $32,260,000 after purchasing an additional 176,082 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Enviva Partners, during the 2nd quarter valued at $790,000. HITE Hedge Asset Management LLC lifted its position in shares of Enviva Partners, by 81.6% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 46,583 shares of the energy company’s stock valued at $1,281,000 after acquiring an additional 20,927 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of Enviva Partners, by 30.0% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 54,715 shares of the energy company’s stock valued at $1,537,000 after acquiring an additional 12,615 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Enviva Partners, by 5.9% during the 1st quarter. Ameriprise Financial Inc. now owns 225,049 shares of the energy company’s stock valued at $6,323,000 after acquiring an additional 12,500 shares during the last quarter.
In other news, Director William K. Reilly bought 5,500 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $27.68 per share, with a total value of $152,240.00. Following the acquisition, the director now owns 23,598 shares in the company, valued at $653,192.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Enviva Partners, LP (NYSE:EVA) traded down 0.603% during trading on Wednesday, reaching $28.825. 10,879 shares of the company’s stock traded hands. The firm has a market cap of $758.56 million, a PE ratio of 51.844 and a beta of 1.18. Enviva Partners, LP has a 12 month low of $24.45 and a 12 month high of $29.85. The firm has a 50 day moving average price of $29.10 and a 200-day moving average price of $27.92.
Enviva Partners, (NYSE:EVA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.22). Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. The business had revenue of $126.90 million for the quarter, compared to the consensus estimate of $142.08 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that Enviva Partners, LP will post $1.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.57 per share. The ex-dividend date was Friday, August 11th. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 7.86%. Enviva Partners,’s payout ratio is 651.45%.
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A number of research firms have recently issued reports on EVA. TheStreet upgraded Enviva Partners, from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $33.00 price objective on shares of Enviva Partners, in a report on Tuesday, June 20th. BidaskClub upgraded Enviva Partners, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised shares of Enviva Partners, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Enviva Partners, presently has a consensus rating of “Buy” and an average target price of $30.50.
Enviva Partners, Profile
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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