Whetstone Capital Advisors Exits Position in Hoegh LNG Partners LP (HMLP)

Hoegh LNG Partners LP (HMLP) : Whetstone Capital Advisors has sold out all of its stake in Hoegh LNG Partners LP during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 518,893 shares of Hoegh LNG Partners LP which is valued at $9,734,433.

Other Hedge Funds, Including , Acrospire Investment Management boosted its stake in HMLP in the latest quarter, The investment management firm added 398 additional shares and now holds a total of 4,012 shares of Hoegh LNG Partners LP which is valued at $76,549. Hoegh LNG Partners LP makes up approx 0.05% of Acrospire Investment Management’s portfolio.Nwam reduced its stake in HMLP by selling 6,186 shares or 11.21% in the most recent quarter. The Hedge Fund company now holds 48,999 shares of HMLP which is valued at $930,491. Hoegh LNG Partners LP makes up approx 0.36% of Nwam’s portfolio.Forward Management reduced its stake in HMLP by selling 30,200 shares or 77.24% in the most recent quarter. The Hedge Fund company now holds 8,900 shares of HMLP which is valued at $167,943. Hoegh LNG Partners LP makes up approx 0.01% of Forward Management’s portfolio.Prescott Group Capital Management L.l.c. reduced its stake in HMLP by selling 8,000 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 100,820 shares of HMLP which is valued at $1,866,178. Hoegh LNG Partners LP makes up approx 0.43% of Prescott Group Capital Management L.l.c.’s portfolio.Cutler Group Lp reduced its stake in HMLP by selling 2,604 shares or 84.05% in the most recent quarter. The Hedge Fund company now holds 494 shares of HMLP which is valued at $8,912.

Hoegh LNG Partners LP (HMLP) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $19.17 and reached the intraday high at $19.17. The bulls started the profit booking and pushed the shares to intraday low of $18.99. The trading session was marked by a volume range of 8,086 shares exchanging hands. The 52-week high of the shares is $19.68 and the 52-week low is $11.5. The market cap of the company stands at $500 M and there are 2,63,12,120 shares in public circulation.

Hoegh LNG Partners LP is a Bermuda-based limited partnership formed by Hoegh LNG Holdings Ltd. (HLNG) a floating LNG (liquefied natural gas) service provider. The Company owns and operates floating storage and regasification units (FSRUs) under long-term charters. The Company operates through two segments: Majority Held FSRUs and Joint Venture FSRUs. In addition interest income from advances to joint ventures and the demand note from Hoegh LNG are included in Other. The Company generates revenues by chartering the vessels in its initial fleet under long-term time charters. Majority held FSRUs include the direct financing lease related to the PGN FSRU Lampung and construction contract revenue and expenses of the Mooring. Joint venture FSRUs include two 50% owned FSRUs the GDF Suez Neptune and the GDF Suez Cape Ann that operate under long term time charters with one charterer GDF Suez.

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