Spirit of America Management Corp NY boosted its position in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 13.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 252,655 shares of the pipeline company’s stock after purchasing an additional 29,700 shares during the period. Spirit of America Management Corp NY’s holdings in Blueknight Energy Partners were worth $1,289,000 at the end of the most recent reporting period.

Blueknight Energy Partners L.P. (BKEP) traded up $0.08 during trading hours on Wednesday, hitting $5.30. The stock had a trading volume of 119,500 shares, compared to its average volume of 115,140. The stock has a market capitalization of $205.02, a price-to-earnings ratio of -29.44 and a beta of 0.85. Blueknight Energy Partners L.P. has a 52-week low of $4.65 and a 52-week high of $7.55. The company has a debt-to-equity ratio of -1.22, a quick ratio of 0.87 and a current ratio of 0.87.

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

BKEP has been the subject of a number of analyst reports. SunTrust Banks set a $8.00 price objective on Blueknight Energy Partners and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $6.00 price objective on shares of Blueknight Energy Partners in a research note on Friday, December 8th.

In related news, major shareholder Msd Partners, L.P. sold 95,259 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $5.10, for a total transaction of $485,820.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Howard Lampton acquired 26,835 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of $5.04 per share, with a total value of $135,248.40. Following the acquisition, the director now owns 130,000 shares of the company’s stock, valued at approximately $655,200. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 480,945 shares of company stock valued at $2,458,043. 1.70% of the stock is owned by corporate insiders.

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Blueknight Energy Partners Profile

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.

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Institutional Ownership by Quarter for Blueknight Energy Partners (NASDAQ:BKEP)

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