NuStar GP Holdings, LLC (NSH) Director William E. Greehey Buys 24,488 Shares of Stock
NuStar GP Holdings, LLC (NYSE:NSH) Director William E. Greehey acquired 24,488 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were bought at an average cost of $25.12 per share, for a total transaction of $615,138.56. Following the acquisition, the director now owns 8,594,151 shares in the company, valued at $215,885,073.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NuStar GP Holdings, LLC (NYSE:NSH) opened at 25.40 on Thursday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 17.61 and a beta of 1.02. The company has a 50 day moving average of $24.82 and a 200-day moving average of $24.77. 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 quarterly earnings results on Wednesday, November 2nd. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Analysts predict that NuStar GP Holdings, LLC will post $1.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Tuesday, November 8th were paid a $0.545 dividend. 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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Several research analysts have recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $25.00 target price on shares of NuStar GP Holdings in a research note on Monday, November 21st. Zacks Investment Research lowered shares of NuStar GP Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Mizuho assumed coverage on shares of NuStar GP Holdings in a research note on Thursday, September 29th. They issued a “neutral” rating and a $26.00 target price on the stock. US Capital Advisors reaffirmed a “hold” rating on shares of NuStar GP Holdings in a research note on Wednesday, September 21st. Finally, TheStreet lowered shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. 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. NuStar GP Holdings currently has an average rating of “Hold” and an average target price of $25.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position 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 during the period. IFP Advisors Inc increased its position in shares of NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc now owns 5,056 shares of the company’s stock valued at $130,000 after buying an additional 200 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of NuStar GP Holdings during the third quarter valued at approximately $143,000. Brookfield Asset Management Inc. acquired a new position in shares of NuStar GP Holdings during the third quarter valued at approximately $148,000. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of NuStar GP Holdings during the second quarter valued at approximately $203,000.
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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