Dg Capital Management Lowers stake in Blueknight Energy Partners L.P. (BKEP)

Blueknight Energy Partners L.P. (BKEP) : Dg Capital Management reduced its stake in Blueknight Energy Partners L.P. by 2.51% during the most recent quarter end. The investment management company now holds a total of 2,663,939 shares of Blueknight Energy Partners L.P. which is valued at $15,663,961 after selling 68,630 shares in Blueknight Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Blueknight Energy Partners L.P. makes up approximately 39.48% of Dg Capital Management’s portfolio.

Other Hedge Funds, Including , Fic Capital Inc boosted its stake in BKEP in the latest quarter, The investment management firm added 26,200 additional shares and now holds a total of 36,675 shares of Blueknight Energy Partners L.P. which is valued at $215,649. Blueknight Energy Partners L.P. makes up approx 0.10% of Fic Capital Inc’s portfolio.Hite Hedge Asset Management boosted its stake in BKEP in the latest quarter, The investment management firm added 237,075 additional shares and now holds a total of 436,283 shares of Blueknight Energy Partners L.P. which is valued at $2,700,592. Blueknight Energy Partners L.P. makes up approx 1.10% of Hite Hedge Asset Management’s portfolio. Simplex Trading sold out all of its stake in BKEP during the most recent quarter. The investment firm sold 2,001 shares of BKEP which is valued $12,846.

Blueknight Energy Partners L.P. opened for trading at $5.73 and hit $5.9 on the upside on Thursday, eventually ending the session at $5.9, with a gain of 2.61% or 0.15 points. The heightened volatility saw the trading volume jump to 69,745 shares. Company has a market cap of $219 M.

Many Wall Street Analysts have commented on Blueknight Energy Partners L.P.. Blueknight Energy Partners L.P. was Upgraded by SunTrust to ” Buy” on Jul 22, 2016. Janney Initiated Blueknight Energy Partners L.P. on May 19, 2016 to “Neutral”, Price Target of the shares are set at $6.

Blueknight Energy Partners L.P. is a master limited partnership company. The Company provides integrated terminalling storage gathering and transportation services for companies engaged in the production distribution and marketing of crude oil and liquid asphalt cement. It operates in four segments: crude oil terminalling and storage services which provides crude oil terminalling and storage services at its terminalling and storage facilities located in Oklahoma and Texas; crude oil pipeline services which owns and operates pipeline systems the Mid-Continent system the East Texas system and Eagle North system that gather crude oil purchased by its customers and transports it to refiners; crude oil trucking and producer field services which uses its owned and leased tanker trucks to gather crude oil for its customers and asphalt services which provides asphalt product and residual fuel terminalling storage and blending services at its terminalling and storage facilities.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *