Global Partners LP (NYSE:GLP) insider Global Gp Llc purchased 27,807 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of $9.60 per share, for a total transaction of $266,947.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Global Gp Llc also recently made the following trade(s):
- On Monday, June 29th, Global Gp Llc acquired 2,193 shares of Global Partners stock. The stock was bought at an average cost of $9.81 per share, with a total value of $21,513.33.
Global Partners stock opened at $9.56 on Wednesday. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $14.38. Global Partners LP has a one year low of $6.30 and a one year high of $20.95. The firm has a market cap of $330.09 million, a P/E ratio of 13.46 and a beta of 1.58. The company has a debt-to-equity ratio of 4.14, a current ratio of 1.84 and a quick ratio of 1.26.
Global Partners (NYSE:GLP) last released its quarterly earnings results on Friday, May 8th. The energy company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.20). Global Partners had a return on equity of 11.01% and a net margin of 0.25%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $3.09 billion. Equities analysts anticipate that Global Partners LP will post -0.42 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Citigroup Inc. acquired a new position in shares of Global Partners in the 4th quarter valued at about $564,000. Vident Investment Advisory LLC acquired a new position in Global Partners in the first quarter valued at approximately $144,000. Invesco Ltd. boosted its holdings in shares of Global Partners by 1.6% during the 1st quarter. Invesco Ltd. now owns 6,045,518 shares of the energy company’s stock worth $53,322,000 after buying an additional 95,057 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Global Partners during the 1st quarter worth approximately $53,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Global Partners by 8.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 29,824 shares of the energy company’s stock worth $263,000 after buying an additional 2,343 shares during the period. Hedge funds and other institutional investors own 34.61% of the company’s stock.
A number of analysts have weighed in on GLP shares. Wells Fargo & Co decreased their target price on shares of Global Partners from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 14th. ValuEngine upgraded shares of Global Partners from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Barclays upgraded shares of Global Partners from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, Stifel Nicolaus decreased their price target on shares of Global Partners from $19.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.25.
Global Partners Company Profile
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.
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