Dynamic Technology Lab Private Ltd acquired a new position in Hoegh LNG Partners LP (NYSE:HMLP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,849 shares of the shipping company’s stock, valued at approximately $456,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Hoegh LNG Partners at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of HMLP. Renaissance Technologies LLC boosted its holdings in shares of Hoegh LNG Partners by 15.1% in the 3rd quarter. Renaissance Technologies LLC now owns 548,400 shares of the shipping company’s stock valued at $10,063,000 after buying an additional 71,900 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Hoegh LNG Partners by 213.6% during the third quarter. Citadel Advisors LLC now owns 32,136 shares of the shipping company’s stock worth $590,000 after buying an additional 21,887 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Hoegh LNG Partners by 39.9% in the third quarter. Engineers Gate Manager LP now owns 19,077 shares of the shipping company’s stock worth $350,000 after purchasing an additional 5,438 shares during the period. Acadian Asset Management LLC bought a new position in shares of Hoegh LNG Partners in the third quarter worth $146,000. Finally, Green Square Capital LLC grew its position in Hoegh LNG Partners by 42.3% in the second quarter. Green Square Capital LLC now owns 144,309 shares of the shipping company’s stock valued at $2,590,000 after acquiring an additional 42,876 shares during the last quarter. Institutional investors and hedge funds own 24.04% of the company’s stock.
Several equities research analysts have recently commented on HMLP shares. ValuEngine upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 30th. Bank of America reissued a “buy” rating and issued a $20.00 target price on shares of Hoegh LNG Partners in a research note on Thursday, November 29th. Zacks Investment Research lowered Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Barclays lowered shares of Hoegh LNG Partners from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $20.00 to $19.00 in a research report on Friday, October 12th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.83.
Shares of NYSE:HMLP traded down $0.24 during trading on Thursday, hitting $17.13. The company’s stock had a trading volume of 59,700 shares, compared to its average volume of 82,371. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Hoegh LNG Partners LP has a fifty-two week low of $14.50 and a fifty-two week high of $19.65. The company has a market cap of $565.74 million, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.67 and a beta of 0.85.
Hoegh LNG Partners (NYSE:HMLP) last issued its earnings results on Thursday, November 29th. The shipping company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. Hoegh LNG Partners had a net margin of 58.03% and a return on equity of 19.95%. The business had revenue of $37.30 million for the quarter, compared to the consensus estimate of $37.49 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect that Hoegh LNG Partners LP will post 1.62 EPS for the current year.
Hoegh LNG Partners Company Profile
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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