Hoegh LNG Partners LP (NYSE:HMLP)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.27 and traded as low as $17.37. Hoegh LNG Partners shares last traded at $17.50, with a volume of 1,575 shares.
Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. TheStreet raised shares of Hoegh LNG Partners from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Finally, Nordea Equity Research cut shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.80.
The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $576.70 million, a PE ratio of 9.61, a PEG ratio of 9.49 and a beta of 1.03.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Hoegh LNG Partners by 4,784.8% during the fourth quarter. Barclays PLC now owns 3,859 shares of the shipping company’s stock worth $59,000 after purchasing an additional 3,780 shares during the last quarter. Trustcore Financial Services LLC grew its position in Hoegh LNG Partners by 52.5% during the 1st quarter. Trustcore Financial Services LLC now owns 6,100 shares of the shipping company’s stock worth $119,000 after acquiring an additional 2,100 shares during the last quarter. Osborn Williams & Donohoe LLC acquired a new position in Hoegh LNG Partners during the 1st quarter worth $163,000. Virtu Financial LLC acquired a new position in Hoegh LNG Partners during the 1st quarter worth $219,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Hoegh LNG Partners during the 4th quarter worth $226,000. Institutional investors and hedge funds own 23.74% of the company’s stock.
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About Hoegh LNG Partners (NYSE:HMLP)
Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.
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