Global X Management Co. LLC Has $7.92 Million Position in TransMontaigne Partners L.P. (NYSE:TLP)

Global X Management Co. LLC increased its position in shares of TransMontaigne Partners L.P. (NYSE:TLP) by 5.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 188,487 shares of the pipeline company’s stock after buying an additional 9,286 shares during the period. Global X Management Co. LLC’s holdings in TransMontaigne Partners L.P. were worth $7,916,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its stake in shares of TransMontaigne Partners L.P. by 10.3% in the first quarter. First Eagle Investment Management LLC now owns 669,703 shares of the pipeline company’s stock worth $29,922,000 after buying an additional 62,500 shares during the period. Tiedemann Wealth Management LLC bought a new stake in shares of TransMontaigne Partners L.P. during the first quarter worth $1,261,000. First Trust Advisors LP boosted its stake in shares of TransMontaigne Partners L.P. by 13.0% in the first quarter. First Trust Advisors LP now owns 204,474 shares of the pipeline company’s stock worth $9,136,000 after buying an additional 23,560 shares during the period. Shell Asset Management Co. bought a new stake in shares of TransMontaigne Partners L.P. during the first quarter worth $779,000. Finally, UBS Group AG boosted its stake in shares of TransMontaigne Partners L.P. by 7.3% in the first quarter. UBS Group AG now owns 247,193 shares of the pipeline company’s stock worth $11,044,000 after buying an additional 16,719 shares during the period. Hedge funds and other institutional investors own 61.64% of the company’s stock.

Shares of TransMontaigne Partners L.P. (TLP) opened at 43.10 on Friday. TransMontaigne Partners L.P. has a one year low of $36.93 and a one year high of $49.31. The stock’s 50 day moving average price is $43.88 and its 200 day moving average price is $44.21. The company has a market cap of $696.54 million, a PE ratio of 16.91 and a beta of 0.30.

TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The firm had revenue of $45.40 million during the quarter, compared to analysts’ expectations of $45.64 million. TransMontaigne Partners L.P. had a return on equity of 13.38% and a net margin of 28.78%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Equities analysts predict that TransMontaigne Partners L.P. will post $2.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Shareholders of record on Monday, July 31st were issued a $0.74 dividend. The ex-dividend date was Thursday, July 27th. This is a boost from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.73. This represents a $2.96 annualized dividend and a yield of 6.87%. TransMontaigne Partners L.P.’s payout ratio is currently 116.08%.

WARNING: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/11/global-x-management-co-llc-has-7-92-million-position-in-transmontaigne-partners-l-p-nysetlp.html.

TLP has been the topic of a number of analyst reports. Zacks Investment Research upgraded TransMontaigne Partners L.P. from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Saturday, May 13th. Stifel Nicolaus upgraded TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, April 13th. DA Davidson upgraded TransMontaigne Partners L.P. from a “neutral” rating to a “buy” rating and upped their price target for the company from $48.00 to $51.00 in a research report on Thursday, June 15th. Finally, BidaskClub upgraded TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $49.60.

TransMontaigne Partners L.P. Company Profile

TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

Want to see what other hedge funds are holding TLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransMontaigne Partners L.P. (NYSE:TLP).

Institutional Ownership by Quarter for TransMontaigne Partners L.P. (NYSE:TLP)

What are top analysts saying about TransMontaigne Partners L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TransMontaigne Partners L.P. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit