NuStar GP Holdings, LLC (NSH) Director Acquires $260,349.32 in Stock
NuStar GP Holdings, LLC (NYSE:NSH) Director William E. Greehey bought 10,549 shares of the business’s stock in a transaction on Tuesday, November 29th. The stock was purchased at an average price of $24.68 per share, for a total transaction of $260,349.32. Following the completion of the acquisition, the director now owns 8,594,151 shares of the company’s stock, valued at approximately $212,103,646.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NuStar GP Holdings, LLC (NYSE:NSH) traded up 3.67% on Wednesday, reaching $25.40. 115,884 shares of the company were exchanged. The company’s 50-day moving average price is $24.80 and its 200-day moving average price is $24.77. The stock has a market capitalization of $1.09 billion, a P/E ratio of 17.61 and a beta of 1.02. NuStar GP Holdings, LLC has a 12-month low of $12.86 and a 12-month high of $27.07.
NuStar GP Holdings (NYSE:NSH) last posted its earnings results on Wednesday, November 2nd. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Equities research analysts anticipate that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend was Friday, November 4th.
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A number of large investors have recently bought and sold shares of the company. Brookfield Asset Management Inc. purchased a new stake in NuStar GP Holdings during the third quarter worth approximately $148,000. D.A. Davidson & CO. raised its stake in NuStar GP Holdings by 50.0% in the third quarter. D.A. Davidson & CO. now owns 4,500 shares of the company’s stock worth $115,000 after buying an additional 1,500 shares in the last quarter. UBS Group AG raised its stake in NuStar GP Holdings by 3.7% in the third quarter. UBS Group AG now owns 288,224 shares of the company’s stock worth $7,372,000 after buying an additional 10,193 shares in the last quarter. Hsbc Holdings PLC raised its stake in NuStar GP Holdings by 20.0% in the third quarter. Hsbc Holdings PLC now owns 119,868 shares of the company’s stock worth $3,066,000 after buying an additional 20,000 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in NuStar GP Holdings by 10.8% in the third quarter. Eagle Global Advisors LLC now owns 565,053 shares of the company’s stock worth $14,454,000 after buying an additional 55,150 shares in the last quarter.
Several research firms have weighed in on NSH. TheStreet lowered shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of NuStar GP Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG restated a “sell” rating and set a $25.00 price objective on shares of NuStar GP Holdings in a report on Monday, November 21st. US Capital Advisors restated a “hold” rating on shares of NuStar GP Holdings in a report on Wednesday, September 21st. Finally, Citigroup Inc. upgraded shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $29.00 in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.67.
NuStar GP Holdings Company Profile
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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