NuStar GP Holdings, LLC (NSH) Shares Down 3.5%
Shares of NuStar GP Holdings, LLC (NYSE:NSH) fell 3.5% during mid-day trading on Friday . The company traded as low as $23.31 and last traded at $23.75, with a volume of 64,879 shares traded. The stock had previously closed at $24.62.
A number of research firms have issued reports on NSH. Zacks Investment Research downgraded NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Barclays PLC lifted their price target on NuStar GP Holdings from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, April 28th. Finally, TheStreet cut NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.60.
The firm’s 50-day moving average is $24.40 and its 200 day moving average is $21.84. The company has a market capitalization of $1.04 billion and a P/E ratio of 16.82.
NuStar GP Holdings (NYSE:NSH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. On average, equities analysts anticipate that NuStar GP Holdings, LLC will post $1.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th will be given a $0.545 dividend. The ex-dividend date is Friday, August 5th. This represents a $2.18 annualized dividend and a yield of 9.04%.
In other NuStar GP Holdings news, Director William E. Greehey acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average cost of $25.15 per share, with a total value of $1,006,000.00. Following the transaction, the director now owns 8,569,215 shares of the company’s stock, valued at approximately $215,515,757.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently raised its stake in NuStar GP Holdings stock. Catalyst Capital Advisors LLC raised its stake in shares of NuStar GP Holdings, LLC (NYSE:NSH) by 42.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,296 shares of the company’s stock after buying an additional 22,043 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.17% of NuStar GP Holdings worth $1,571,000 as of its most recent filing with the SEC.
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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