USD Partners LP (USDP) Position Maintained by Advisory Research Inc.
Advisory Research Inc. maintained its position in USD Partners LP (NYSE:USDP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,155,704 shares of the transportation company’s stock at the end of the 2nd quarter. Advisory Research Inc. owned 13.50% of USD Partners worth $38,815,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in shares of USD Partners during the second quarter worth about $20,960,000. Evergreen Capital Management LLC grew its stake in USD Partners by 26.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock valued at $6,946,000 after acquiring an additional 131,193 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in USD Partners during the 2nd quarter valued at about $2,382,000. EJF Capital LLC grew its stake in USD Partners by 66.7% during the 1st quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in USD Partners by 31.1% during the 1st quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock valued at $6,826,000 after acquiring an additional 131,521 shares in the last quarter. 30.29% of the stock is owned by institutional investors and hedge funds.
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USDP has been the subject of several research reports. Zacks Investment Research raised shares of USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub raised shares of USD Partners from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.50.
In other news, insider Dan Borgen purchased 5,000 shares of the stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of $9.19 per share, for a total transaction of $45,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider G Stacy Smith purchased 9,850 shares of the stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $10.54 per share, with a total value of $103,819.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 36,350 shares of company stock valued at $377,464.
Shares of USD Partners LP (NYSE USDP) traded down 2.33% during mid-day trading on Friday, reaching $10.50. 36,829 shares of the company traded hands. The company has a market capitalization of $276.77 million, a P/E ratio of 9.32 and a beta of 1.01. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $11.97. USD Partners LP has a 52 week low of $9.00 and a 52 week high of $17.50.
About USD Partners
USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.
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