Insider Buying: Nustar GP Holdings, LLC (NSH) Director Acquires $364,753.07 in Stock

Nustar GP Holdings, LLC (NYSE:NSH) Director William E. Greehey purchased 16,663 shares of Nustar GP Holdings stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $21.89 per share, with a total value of $364,753.07. Following the completion of the purchase, the director now directly owns 8,646,280 shares of the company’s stock, valued at $189,267,069.20. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Nustar GP Holdings, LLC (NYSE:NSH) opened at 22.25 on Friday. Nustar GP Holdings, LLC has a 52 week low of $21.30 and a 52 week high of $31.50. The stock has a 50 day moving average of $23.55 and a 200-day moving average of $26.55. The company has a market capitalization of $955.66 million, a price-to-earnings ratio of 10.44 and a beta of 1.18.

Nustar GP Holdings (NYSE:NSH) last posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 25.68%. The company had revenue of $10.96 million during the quarter, compared to analyst estimates of $16.22 million. On average, analysts anticipate that Nustar GP Holdings, LLC will post $1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Thursday, August 3rd. Nustar GP Holdings’s dividend payout ratio is presently 102.83%.

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Institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its position in Nustar GP Holdings by 1.8% in the first quarter. Neuberger Berman Group LLC now owns 7,490,326 shares of the pipeline company’s stock worth $209,355,000 after buying an additional 133,894 shares in the last quarter. Center Coast Capital Advisors LP raised its position in Nustar GP Holdings by 6.3% in the first quarter. Center Coast Capital Advisors LP now owns 1,097,709 shares of the pipeline company’s stock worth $30,681,000 after buying an additional 64,886 shares in the last quarter. Atlantic Trust Group LLC raised its position in Nustar GP Holdings by 1.2% in the first quarter. Atlantic Trust Group LLC now owns 1,063,910 shares of the pipeline company’s stock worth $29,736,000 after buying an additional 13,089 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Nustar GP Holdings by 9.2% in the second quarter. Catalyst Capital Advisors LLC now owns 425,776 shares of the pipeline company’s stock worth $10,410,000 after buying an additional 35,911 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Nustar GP Holdings by 4.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 418,175 shares of the pipeline company’s stock worth $10,224,000 after buying an additional 17,397 shares in the last quarter. 55.96% of the stock is owned by institutional investors.

NSH has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Nustar GP Holdings from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a $28.00 price target on shares of Nustar GP Holdings and gave the stock a “hold” rating in a research note on Sunday, July 30th. Wells Fargo & Company lowered shares of Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Barclays PLC reiterated a “hold” rating on shares of Nustar GP Holdings in a research note on Friday, April 14th. Finally, Zacks Investment Research lowered shares of Nustar GP Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.33.

About Nustar GP Holdings

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

Insider Buying and Selling by Quarter for Nustar GP Holdings (NYSE:NSH)

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