KNOT Offshore Partners LP (NYSE: KNOP – Get Rating) benefited from strong growth in short-term interest in April. As of April 15, there were short interests totaling 200,400 shares, up 27.6% from the March 31 total of 157,000 shares. Based on an average trading volume of 204,000 shares, the short-term interest rate ratio is currently 1.0 day. Currently, 0.8% of the stock’s shares are sold short.

A number of stock analysts have recently commented on KNOP shares. Zacks Investment Research upgraded KNOT Offshore Partners from a “hold” rating to a “strong sell” rating in a Wednesday, March 16 report. StockNews.com began covering KNOT Offshore Partners in a report on Thursday, March 31. They set a “buy” rating for the company.

A number of hedge funds have recently changed their holdings of KNOP. National Asset Management Inc. purchased a new equity stake in KNOT Offshore Partners in Q1 worth approximately $171,000. Steward Partners Investment Advisory LLC increased its position in KNOT Offshore Partners shares by 3,068.6% in Q1. Steward Partners Investment Advisory LLC now owns 25,349 shares of the shipping company valued at $429,000 after buying an additional 24,549 shares in the last quarter. Naples Global Advisors LLC increased its position in KNOT Offshore Partners shares by 23.9% in Q1. Naples Global Advisors LLC now owns 53,853 shares of the shipping company valued at $911,000 after buying an additional 10,376 shares in the last quarter. Barclays PLC bought a new stake in the shares of KNOT Offshore Partners in Q4, valued at around $54,000. Finally, Wells Fargo & Company MN increased its position in KNOT Offshore Partners shares by 63.1% in the 4th quarter. Wells Fargo & Company MN now owns 11,763 shares of the shipping company valued at $157,000 after buying an additional 4,553 shares in the last quarter. Institutional investors and hedge funds hold 26.12% of the company’s shares.

KNOT Offshore Partners stock opened Wednesday at $16.88. The company has a debt ratio of 1.49, a quick ratio of 0.61 and a current ratio of 0.64. KNOT Offshore Partners has a 52-week low of $12.34 and a 52-week high of $20.34. The stock has a market capitalization of $569.02 million, a P/E ratio of 10.82 and a beta of 1.02. The stock has a fifty-day moving average of $16.65 and a 200-day moving average of $16.06.

KNOT Offshore Partners (NYSE: KNOP – Get Rating) last released quarterly earnings data on Wednesday, March 9. The shipping company reported earnings per share of $0.55 for the quarter, beating analysts’ consensus estimate of $0.44 by $0.11. The company posted revenue of $72.13 million for the quarter, versus analyst estimates of $67.95 million. KNOT Offshore Partners achieved a return on equity of 13.79% and a net margin of 19.16%. In the same quarter a year earlier, the company posted EPS of $0.75. On average, research analysts expect KNOT Offshore Partners to post 1.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 12. Investors of record on Thursday, April 28 will receive a dividend of $0.52 per share. The ex-dividend date is Wednesday, April 27. This represents a dividend of $2.08 on an annualized basis and a yield of 12.32%. KNOT Offshore Partners’ dividend payout ratio is currently 133.33%.

KNOT Offshore Partners Company Profile (Get a rating)

KNOT Offshore Partners LP owns, acquires and operates tanker shuttles on long-term charters in the North Sea and Brazil. The company provides loading, transportation, unloading and storage of crude oil through time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers.

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