KNOT Offshore Partners LP (KNOP) : Duff Phelps Investment Management Co scooped up 134,223 additional shares in KNOT Offshore Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 749,223 shares of KNOT Offshore Partners LP which is valued at $15,741,175.KNOT Offshore Partners LP makes up approximately 0.23% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Creative Planning added KNOP to its portfolio by purchasing 868 company shares during the most recent quarter which is valued at $18,046.Cutler Group Lp reduced its stake in KNOP by selling 2,632 shares or 43.01% in the most recent quarter. The Hedge Fund company now holds 3,488 shares of KNOP which is valued at $72,341. Simplex Trading sold out all of its stake in KNOP during the most recent quarter. The investment firm sold 2,746 shares of KNOP which is valued $56,320.
KNOT Offshore Partners LP opened for trading at $20.43 and hit $21.13 on the upside on Friday, eventually ending the session at $21.01, with a gain of 3.24% or 0.66 points. The heightened volatility saw the trading volume jump to 74,081 shares. Company has a market cap of $571 M.
Investors should note that on Oct 13, 2016, KNOT Offshore Partners LP announced a cash dividend of $0.5200. The company’s management has announced Oct 28, 2016 as the ex-dividend date and fixed the record date on Nov 1, 2016. The payable date has been fixed on Nov 14, 2016.
KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership) owns and operates shuttle tankers under long-term charters. The Partnership’s primary business objective is to increase quarterly distributions per unit over time by growing its business through accretive acquisitions of shuttle tankers and by chartering the vessels pursuant to long-term charters with customers that generate long-term stable cash flows. The Partnership’s eight shuttle tankers include Fortaleza Knutsen Recife Knutsen Bodil Knutsen Windsor Knutsen Carmen Knutsen Hilda Knutsen Torill Knutsen and Dan Cisne. The Partnership has the right to purchase vessels from KNOT in Ingrid Knutsen and Raquel Knutsen. During the fiscal year ended December 31 2014 its customers Transpetro ENI Statoil Repsol BG Group and KNOT accounted for approximately 23% 21% 20% 18% 11% and 7% respectively of its revenues. KNOT Offshore Partners GP LLC is the general partner of the Partnership.