Nwam LLC Grows Stake in Hoegh LNG Partners LP (HMLP)

Nwam LLC lifted its stake in Hoegh LNG Partners LP (NYSE:HMLP) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,609 shares of the shipping company’s stock after purchasing an additional 1,620 shares during the quarter. Nwam LLC owned about 0.20% of Hoegh LNG Partners worth $1,302,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC increased its holdings in shares of Hoegh LNG Partners by 1.3% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 53,391 shares of the shipping company’s stock valued at $820,000 after purchasing an additional 700 shares during the last quarter. Barclays PLC increased its holdings in shares of 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 last quarter. Bell Rock Capital LLC increased its stake in Hoegh LNG Partners by 53.0% during the fourth quarter. Bell Rock Capital LLC now owns 11,400 shares of the shipping company’s stock worth $175,000 after acquiring an additional 3,950 shares during the last quarter. Sigma Planning Corp acquired a new stake in Hoegh LNG Partners during the fourth quarter worth $155,000. Finally, Virtu Financial LLC acquired a new stake in Hoegh LNG Partners during the first quarter worth $219,000. 23.96% of the stock is owned by hedge funds and other institutional investors.

HMLP stock opened at $19.51 on Wednesday. Hoegh LNG Partners LP has a 52-week low of $14.50 and a 52-week high of $19.68. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.06. The firm has a market cap of $644.73 million, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.00.

Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings data on Wednesday, February 27th. The shipping company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. Hoegh LNG Partners had a return on equity of 18.94% and a net margin of 52.96%. The business had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $34.86 million. As a group, equities research analysts anticipate that Hoegh LNG Partners LP will post 1.77 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Zacks Investment Research cut Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. Nordea Equity Research cut Hoegh LNG Partners from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, TheStreet raised Hoegh LNG Partners from a “c+” rating to a “b-” rating in a research note on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.80.

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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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