StockNews.com started coverage on shares of Höegh LNG Partners (NYSE:HMLP – Get Rating) in a research report released on Tuesday. The brokerage issued a buy rating on the shipping company’s stock.
Höegh LNG Partners Price Performance
Shares of NYSE HMLP opened at $9.24 on Tuesday. Höegh LNG Partners has a 12-month low of $3.77 and a 12-month high of $9.25. The stock has a market cap of $308.37 million, a PE ratio of 6.00 and a beta of 1.39. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $9.24 and a 200 day moving average of $9.23.
Institutional Trading of Höegh LNG Partners
Several large investors have recently bought and sold shares of the business. Prelude Capital Management LLC grew its stake in Höegh LNG Partners by 588.0% during the 2nd quarter. Prelude Capital Management LLC now owns 125,063 shares of the shipping company’s stock valued at $1,124,000 after acquiring an additional 106,885 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of Höegh LNG Partners in the 2nd quarter valued at approximately $189,000. PEAK6 Investments LLC purchased a new stake in shares of Höegh LNG Partners in the 2nd quarter valued at approximately $146,000. JPMorgan Chase & Co. grew its stake in shares of Höegh LNG Partners by 13.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,053,546 shares of the shipping company’s stock valued at $9,471,000 after buying an additional 126,426 shares during the period. Finally, Keebeck Alpha LP purchased a new stake in shares of Höegh LNG Partners in the 2nd quarter valued at approximately $1,503,000. Hedge funds and other institutional investors own 17.69% of the company’s stock.
Höegh 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. As of March 31, 2022, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company.
See Also
Receive News & Ratings for Höegh LNG Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Höegh LNG Partners and related companies with MarketBeat.com’s FREE daily email newsletter.