Q Global Advisors LLC Takes Position in Seadrill Partners LLC (SDLP)

Q Global Advisors LLC bought a new position in shares of Seadrill Partners LLC (NYSE:SDLP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 499,893 shares of the oil and gas company’s stock, valued at approximately $1,375,000. Seadrill Partners makes up about 2.7% of Q Global Advisors LLC’s holdings, making the stock its 8th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of Seadrill Partners during the fourth quarter worth $174,000. Strategic Value Partners LLC purchased a new stake in shares of Seadrill Partners during the fourth quarter worth $13,542,000. Paloma Partners Management Co purchased a new stake in shares of Seadrill Partners during the fourth quarter worth $279,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seadrill Partners by 5.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 549,650 shares of the oil and gas company’s stock worth $2,012,000 after buying an additional 29,831 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Seadrill Partners during the fourth quarter worth $149,000. 14.59% of the stock is owned by institutional investors and hedge funds.

Shares of SDLP opened at $3.26 on Thursday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.16. Seadrill Partners LLC has a 12-month low of $2.60 and a 12-month high of $4.20. The stock has a market capitalization of $247.66 million, a P/E ratio of 7.65 and a beta of 1.96.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.26%. The ex-dividend date of this dividend was Monday, May 7th.

Separately, ValuEngine lowered shares of Seadrill Partners from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

About Seadrill Partners

Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company primarily serves various oil and gas companies. As of April 20, 2017, its fleet consisted of four semi-submersible drilling rigs, four drillships, and three tender rigs. The company was founded in 2012 and is headquartered in London, the United Kingdom.

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Institutional Ownership by Quarter for Seadrill Partners (NYSE:SDLP)

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