Barclays PLC Purchases Shares of 21,419 Höegh LNG Partners LP (NYSE:HMLP)

Barclays PLC purchased a new stake in Höegh LNG Partners LP (NYSE:HMLP) in the first quarter, Holdings Channel reports. The institutional investor purchased 21,419 shares of the shipping company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Höegh LNG Partners in the 1st quarter valued at about $7,812,000. Morgan Stanley raised its holdings in Höegh LNG Partners by 48.1% during the 4th quarter. Morgan Stanley now owns 301,248 shares of the shipping company’s stock worth $4,307,000 after buying an additional 97,781 shares during the period. Renaissance Technologies LLC raised its holdings in Höegh LNG Partners by 18.0% during the 1st quarter. Renaissance Technologies LLC now owns 846,669 shares of the shipping company’s stock worth $12,311,000 after buying an additional 129,000 shares during the period. Bank of Montreal Can acquired a new stake in Höegh LNG Partners during the 1st quarter worth about $1,261,000. Finally, Trustcore Financial Services LLC raised its holdings in Höegh LNG Partners by 51.6% during the 1st quarter. Trustcore Financial Services LLC now owns 4,395 shares of the shipping company’s stock worth $64,000 after buying an additional 1,495 shares during the period. 18.25% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Höegh LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, July 8th. Kepler Capital Markets reiterated a “buy” rating on shares of Höegh LNG Partners in a report on Friday, April 9th. Finally, upped their target price on Höegh LNG Partners from $13.00 to $15.00 and gave the company a “sell” rating in a report on Wednesday, June 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Höegh LNG Partners has an average rating of “Hold” and an average target price of $14.60.

NYSE:HMLP opened at $17.48 on Thursday. The stock has a 50 day moving average price of $17.27. Höegh LNG Partners LP has a 52 week low of $9.90 and a 52 week high of $18.17. The firm has a market capitalization of $582.22 million, a P/E ratio of 8.49, a P/E/G ratio of 1.53 and a beta of 1.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.02.

Höegh LNG Partners (NYSE:HMLP) last released its quarterly earnings data on Wednesday, May 26th. The shipping company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.21. Höegh LNG Partners had a return on equity of 21.32% and a net margin of 57.73%. The firm had revenue of $34.78 million for the quarter, compared to the consensus estimate of $35.70 million. On average, equities analysts predict that Höegh LNG Partners LP will post 1.72 earnings per share for the current year.

Höegh LNG Partners 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, 2021, it had a fleet of five FSRUs.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Höegh LNG Partners (NYSE:HMLP)

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