There was a discernible increase in the number of short positions in KNOT Offshore Partners LP (NYSE: KNOP) throughout December. A total of 217,100 shares had been borrowed as of December 15, representing a 67.4% increase compared to the 129,700 shares borrowed one month earlier. Currently, 0.9% of the company’s shares are sold in the short market. As a result, the current short-interest ratio is 0.9 days, based on an average daily volume of 231,600 shares. This number was arrived at using the data.
The report of operations for KNOT Offshore Partners, traded on the New York Stock Exchange under the ticker symbol “KNOP,” was made public on November 29, a Tuesday. The shipping company reported a quarterly earnings per share figure of $0.47, which was $0.29 more than the average prediction of $0.18 for the quarter. Even though market watchers predicted that the company would bring in sales totaling $64.23 million during the quarter, it brought in sales totaling $67.82 million instead. KNOT Offshore Partners had a return on equity of 12.18 percent, and the company’s net margin was 28.16%. During the current fiscal year, market analysts anticipate that Knot Offshore Partners will bring in a profit of $1.71 per share in total revenue.
In addition, the company recently announced and paid a quarterly dividend, which was paid out on November 9 of this year. The dividend was declared and paid out. On Thursday, October 27, shareholders of record were each given a dividend payment equal to $0.52. This payment was made. Because of this, the dividend yield is calculated to be 21.64%, and the annual payout is $2.08. The “ex-dividend” day for this payout was on October 26, a Wednesday. This day marked the beginning of the dividend payment period. KNOT Offshore Partners’ dividend payout ratio currently stands at 93.69 percent.
This past Friday, we saw a $0.42 increase in the price of a share of KNOT Offshore Partners, bringing the total cost of one of those shares to $9.61. There were 1,697 company stock transactions, which is a significant drop from the typical volume of the company, which is 397,732 transactions per day. The company’s moving average price over the past 50 days is $12.33, and its average price over the past 200 days is $14.96. The business’s current market value is estimated to be $326.36 million, while its PE ratio stands at 4.14 and its beta stands at 0.99. KNOT Offshore Partners hit an all-time low of $8.93 during the past year, while the company reached an all-time high of $18.85 during the same period. The difference between the current and quick ratios is 0.21, and the debt-to-equity ratio is 1.25. Therefore, the current ratio is lower than the quick ratio.
Regarding KNOP, several full analyst reports have been compiled for your perusal. On December 13, a research note written by Alliance Global Partners was made public. In this note, they announced the beginning of their coverage of KNOT Offshore Partners. They suggested investing in the company’s shares and determined that a price target of $16.00 was appropriate. The topic of KNOT Offshore Partners was first brought to the attention of readers of StockNews.com by an article released on October 12. They suggested to the investors that the best action would be to “buy” the shares.
During the past few months, several prominent investors have modified how they hold their investments in KNOP. Mirae Asset Global Investments Co., Ltd. increased the percentage of KNOT Offshore Partners, in which it has a position by 19.2% over the first three months of 2018. After purchasing an additional 146,072 shares during the most recent quarter, Mirae Asset Global Investments Co. Ltd. now owns a total of 904,946 shares of the shipping company’s stock, which has a value of $15,303,000. These shares were acquired as a result of the company’s previous acquisition of 146,072 additional shares. Knot Offshore Partners received a financial contribution of $416 thousand from AE Wealth Management LLC during the second quarter. The percentage of KNOT Offshore Partners in which Steward Partners Investment Advisory LLC was invested increased by 14.4% during the year’s second quarter. As a direct result of Steward Partners Investment Advisory LLC’s purchase of an additional 3,645 shares in the shipping industry during the most recent quarter, the company now owns a total of 28,994 shares. The company’s value is $475,000, considering the most recent closing price as of today. Naples Global Advisors LLC increased the proportion of KNOT Offshore Partners in which it is invested by 6.9% during the second quarter. Naples Global Advisors LLC has recently become the owner of 57,578 shares in the shipping company. According to the most recently available information, these shares are worth $943,000. This comes about directly from purchasing an additional 3,725 shares in the company during the most recent fiscal quarter. Credit Suisse AG made a financial investment of $43,000 in Knot Offshore Partners in the second quarter. This is the last, but not the least, of the news. Institutional investors currently own 15.93% of the total number of shares in the company.