Stifel Financial Corp boosted its holdings in shares of Hoegh LNG Partners LP (NASDAQ:HMLP) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,398 shares of the shipping company’s stock after acquiring an additional 591 shares during the period. Stifel Financial Corp owned 0.06% of Hoegh LNG Partners worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC lifted its position in Hoegh LNG Partners by 2.5% during the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after acquiring an additional 35,806 shares during the period. Acrospire Investment Management LLC lifted its position in Hoegh LNG Partners by 341.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 4,037 shares during the period. Bard Associates Inc. purchased a new position in Hoegh LNG Partners during the 2nd quarter valued at about $321,000. Kayne Anderson Capital Advisors LP lifted its position in Hoegh LNG Partners by 1.9% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock valued at $43,988,000 after acquiring an additional 43,400 shares during the period. Finally, Forward Management LLC lifted its position in Hoegh LNG Partners by 125.8% during the 2nd quarter. Forward Management LLC now owns 20,100 shares of the shipping company’s stock valued at $385,000 after acquiring an additional 11,200 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Stifel Financial Corp Acquires 591 Shares of Hoegh LNG Partners LP (HMLP)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/stifel-financial-corp-acquires-591-shares-of-hoegh-lng-partners-lp-hmlp/1674991.html.

Hoegh LNG Partners (NASDAQ:HMLP) last released its quarterly earnings results on Thursday, August 24th. The shipping company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). The firm had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million. Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Wednesday, November 1st.

A number of brokerages recently issued reports on HMLP. TheStreet raised shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, October 6th. Barclays PLC upgraded shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.63.

Hoegh LNG Partners Company Profile

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

Institutional Ownership by Quarter for Hoegh LNG Partners (NASDAQ:HMLP)

Receive News & Ratings for Hoegh LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.