UBS Group AG increased its position in shares of Hoegh LNG Partners LP (NASDAQ:HMLP) by 27.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,268 shares of the shipping company’s stock after buying an additional 1,978 shares during the period. UBS Group AG’s holdings in Hoegh LNG Partners were worth $182,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP boosted its position in Hoegh LNG Partners by 25.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,254,053 shares of the shipping company’s stock worth $44,283,000 after buying an additional 460,400 shares in the last quarter. Van ECK Associates Corp acquired a new position in Hoegh LNG Partners during the first quarter valued at approximately $2,835,000. Stifel Financial Corp acquired a new position in Hoegh LNG Partners during the first quarter valued at approximately $354,000. Renaissance Technologies LLC boosted its position in Hoegh LNG Partners by 148.0% in the fourth quarter. Renaissance Technologies LLC now owns 65,957 shares of the shipping company’s stock valued at $1,253,000 after buying an additional 39,357 shares during the period. Finally, Nwam LLC boosted its position in Hoegh LNG Partners by 2.8% in the first quarter. Nwam LLC now owns 50,440 shares of the shipping company’s stock valued at $991,000 after buying an additional 1,364 shares during the period.
Shares of Hoegh LNG Partners LP (NASDAQ HMLP) opened at 18.20 on Friday. The firm has a market capitalization of $598.98 million and a price-to-earnings ratio of 9.25. Hoegh LNG Partners LP has a 12 month low of $17.05 and a 12 month high of $20.65. The firm’s 50-day moving average price is $19.07 and its 200-day moving average price is $19.34.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Thursday, August 3rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.72 annualized dividend and a dividend yield of 9.45%.
Several research firms have recently commented on HMLP. TheStreet upgraded Hoegh LNG Partners from a “d” rating to a “c+” rating in a research note on Monday, August 7th. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine lowered Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC raised Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $21.00 to $22.00 in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.10.
About Hoegh LNG Partners
Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.
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