Zacks Investment Research downgraded shares of Hoegh LNG Partners (NYSE:HMLP) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Hoegh LNG Partners LP is a provider of floating LNG services under long-term contracts. The Company owns and operates floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and LNG carriers which transport the LNG to its markets. Hoegh LNG Partners LP is based in Hamilton, Bermuda. “

Separately, ValuEngine downgraded shares of Hoegh LNG Partners from a buy rating to a hold rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Hoegh LNG Partners presently has an average rating of Hold and an average price target of $21.50.

Shares of Hoegh LNG Partners (NYSE HMLP) opened at $18.15 on Tuesday. The stock has a market cap of $589.29, a P/E ratio of 9.45, a P/E/G ratio of 0.66 and a beta of 0.88. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. Hoegh LNG Partners has a 1-year low of $16.90 and a 1-year high of $20.65.

Hoegh LNG Partners (NYSE:HMLP) last announced its quarterly earnings results on Thursday, November 16th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.28). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%. research analysts anticipate that Hoegh LNG Partners will post 1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Thursday, February 1st will be given a $0.43 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.48%. Hoegh LNG Partners’s dividend payout ratio (DPR) is currently 89.58%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Hoegh LNG Partners by 2.5% in the 2nd quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock worth $27,730,000 after purchasing an additional 35,806 shares during the period. Taylor Frigon Capital Management LLC acquired a new position in shares of Hoegh LNG Partners in the 4th quarter worth approximately $1,016,000. SeaCrest Wealth Management LLC acquired a new position in shares of Hoegh LNG Partners in the 4th quarter worth approximately $475,000. Stifel Financial Corp lifted its position in shares of Hoegh LNG Partners by 3.3% in the 2nd quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock worth $351,000 after purchasing an additional 591 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Hoegh LNG Partners in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 64.27% of the company’s stock.

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About Hoegh LNG Partners

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.

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