Trustcore Financial Services LLC Boosts Stake in Hoegh LNG Partners LP (NYSE:HMLP)

Trustcore Financial Services LLC increased its position in Hoegh LNG Partners LP (NYSE:HMLP) by 14.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the shipping company’s stock after buying an additional 900 shares during the period. Trustcore Financial Services LLC’s holdings in Hoegh LNG Partners were worth $121,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC raised its position in Hoegh LNG Partners by 4,784.8% in the fourth quarter. Barclays PLC now owns 3,859 shares of the shipping company’s stock valued at $59,000 after purchasing an additional 3,780 shares during the period. 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. Concorde Asset Management LLC acquired a new position in Hoegh LNG Partners during the 1st quarter worth $279,000. Finally, Campbell & CO Investment Adviser LLC grew its holdings in Hoegh LNG Partners by 59.3% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 21,145 shares of the shipping company’s stock worth $413,000 after acquiring an additional 7,871 shares in the last quarter. Institutional investors own 23.61% of the company’s stock.

Shares of NYSE HMLP traded up $0.05 during midday trading on Tuesday, hitting $16.80. The company’s stock had a trading volume of 360 shares, compared to its average volume of 96,867. Hoegh LNG Partners LP has a 1-year low of $14.50 and a 1-year high of $19.98. The business has a fifty day simple moving average of $17.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market cap of $555.74 million, a price-to-earnings ratio of 9.23, a P/E/G ratio of 9.25 and a beta of 0.98.

Hoegh LNG Partners (NYSE:HMLP) last posted its quarterly earnings results on Wednesday, May 29th. The shipping company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Hoegh LNG Partners had a net margin of 47.40% and a return on equity of 19.69%. The business had revenue of $36.14 million during the quarter, compared to analyst estimates of $37.14 million. During the same period in the previous year, the business posted $0.56 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that Hoegh LNG Partners LP will post 1.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 10.48%. The ex-dividend date is Wednesday, July 31st. Hoegh LNG Partners’s dividend payout ratio (DPR) is presently 96.70%.

Several brokerages have weighed in on HMLP. Zacks Investment Research lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, June 1st. ValuEngine lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.80.

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

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