Nustar GP Holdings, LLC (NYSE:NSH) shares hit a new 52-week low on Wednesday . The company traded as low as $20.63 and last traded at $20.70, with a volume of 101,723 shares changing hands. The stock had previously closed at $20.95.
NSH has been the topic of a number of recent research reports. Credit Suisse Group set a $28.00 price target on shares of Nustar GP Holdings and gave the company a “hold” rating in a research report on Sunday, July 30th. BidaskClub lowered shares of Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, June 9th. 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. Macquarie began coverage on shares of Nustar GP Holdings in a research note on Friday, April 21st. They set a “neutral” rating and a $26.00 price objective on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.33.
The stock’s 50 day moving average price is $23.20 and its 200-day moving average price is $26.28. The stock has a market cap of $871.91 million, a P/E ratio of 9.53 and a beta of 1.18.
Nustar GP Holdings (NYSE:NSH) last announced its 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. The firm had revenue of $10.96 million during the quarter, compared to analysts’ expectations of $16.22 million. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. Equities research analysts forecast that Nustar GP Holdings, LLC will post $1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th were given a dividend of $0.545 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.18 dividend on an annualized basis and a yield of 10.74%. Nustar GP Holdings’s payout ratio is currently 102.83%.
In related news, Director William E. Greehey bought 42,500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $21.79 per share, with a total value of $926,075.00. Following the completion of the transaction, the director now directly owns 8,646,280 shares of the company’s stock, valued at $188,402,441.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William E. Greehey bought 7,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $22.04 per share, with a total value of $165,300.00. Following the transaction, the director now directly owns 8,696,280 shares of the company’s stock, valued at $191,666,011.20. The disclosure for this purchase can be found here. Insiders have acquired 73,086 shares of company stock valued at $1,597,498 in the last ninety days. Company insiders own 21.39% of the company’s stock.
A number of large investors have recently made changes to their positions in NSH. Trent Capital Management Inc. NC acquired a new stake in Nustar GP Holdings during the second quarter valued at $201,000. Stifel Financial Corp acquired a new stake in Nustar GP Holdings during the first quarter valued at $206,000. Proficio Capital Partners LLC boosted its stake in Nustar GP Holdings by 11.0% in the second quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock valued at $214,000 after buying an additional 925 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Nustar GP Holdings by 5.9% in the second quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock valued at $216,000 after buying an additional 495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Nustar GP Holdings during the second quarter valued at $237,000. 55.92% of the stock is owned by hedge funds and other institutional investors.
Nustar GP Holdings Company Profile
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.
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