Blueknight Energy Partners L.P. (NASDAQ:BKEP) major shareholder Msd Partners, L.P. sold 31,597 shares of Blueknight Energy Partners stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $5.31, for a total transaction of $167,780.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Msd Partners, L.P. also recently made the following trade(s):
- On Tuesday, December 5th, Msd Partners, L.P. sold 170,212 shares of Blueknight Energy Partners stock. The stock was sold at an average price of $5.06, for a total transaction of $861,272.72.
Shares of Blueknight Energy Partners L.P. (NASDAQ:BKEP) traded up $0.05 during trading hours on Thursday, hitting $5.10. 101,100 shares of the stock traded hands, compared to its average volume of 58,803. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of -1.22. Blueknight Energy Partners L.P. has a one year low of $4.86 and a one year high of $7.55.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.37%. The ex-dividend date was Thursday, November 2nd. Blueknight Energy Partners’s payout ratio is presently -322.20%.
BKEP has been the subject of several analyst reports. SunTrust Banks set a $8.00 target price on shares of Blueknight Energy Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.
A hedge fund recently raised its stake in Blueknight Energy Partners stock. Neuberger Berman Group LLC grew its position in Blueknight Energy Partners L.P. (NASDAQ:BKEP) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,332,153 shares of the pipeline company’s stock after buying an additional 59,381 shares during the quarter. Neuberger Berman Group LLC owned 16.60% of Blueknight Energy Partners worth $39,576,000 as of its most recent SEC filing. Institutional investors own 56.45% of the company’s stock.
About Blueknight Energy Partners
Blueknight Energy Partners, L.P. is a master limited partnership company. The Company manages its operations through four segments: asphalt terminaling services, crude oil terminaling and storage services, crude oil pipeline services, and crude oil trucking and producer field services. Asphalt terminaling services segment operations generally consist of fee based activities associated with providing storage, terminaling and throughput services for asphalt product and residual fuel oil.
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