Trent Capital Management Inc. NC acquired a new stake in Nustar GP Holdings, LLC (NYSE:NSH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,240 shares of the pipeline company’s stock, valued at approximately $201,000. Nustar GP Holdings comprises 0.3% of Trent Capital Management Inc. NC’s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of Nustar GP Holdings during the first quarter valued at $206,000. Proficio Capital Partners LLC bought a new stake in shares of Nustar GP Holdings during the first quarter valued at approximately $224,000. Alliancebernstein L.P. bought a new stake in shares of Nustar GP Holdings during the first quarter valued at approximately $233,000. Janney Montgomery Scott LLC raised its stake in shares of Nustar GP Holdings by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock valued at $248,000 after buying an additional 100 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of Nustar GP Holdings by 4.3% in the first quarter. Global X Management Co. LLC now owns 12,614 shares of the pipeline company’s stock valued at $353,000 after buying an additional 520 shares in the last quarter. 55.96% of the stock is currently owned by institutional investors.

Shares of Nustar GP Holdings, LLC (NYSE NSH) opened at 21.50 on Thursday. The firm has a market cap of $923.45 million, a price-to-earnings ratio of 10.09 and a beta of 1.18. The company has a 50-day moving average price of $23.59 and a 200 day moving average price of $26.64. Nustar GP Holdings, LLC has a 52 week low of $21.30 and a 52 week high of $31.50.

Nustar GP Holdings (NYSE:NSH) last issued its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.21. The business had revenue of $10.96 million for the quarter, compared to the consensus estimate of $16.22 million. Nustar GP Holdings had a return on equity of 26.26% and a net margin of 176.62%. Analysts expect that Nustar GP Holdings, LLC will post $1.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, August 7th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Nustar GP Holdings’s dividend payout ratio is currently 102.83%.

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Several analysts recently commented on the company. Macquarie assumed coverage on Nustar GP Holdings in a research note on Friday, April 21st. They issued a “neutral” rating and a $26.00 price target on the stock. TheStreet raised Nustar GP Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. Zacks Investment Research raised Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 29th. Credit Suisse Group boosted their price target on Nustar GP Holdings from $27.00 to $28.00 and gave the company an “underperform” rating in a research note on Tuesday, April 18th. Finally, Wells Fargo & Company raised Nustar GP Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday, April 21st. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.33.

In related news, Director William E. Greehey purchased 42,500 shares of Nustar GP Holdings stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $21.79 per share, with a total value of $926,075.00. Following the completion of the transaction, the director now directly owns 8,646,280 shares of the company’s stock, valued at approximately $188,402,441.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Greehey purchased 6,423 shares of Nustar GP Holdings stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $22.01 per share, for a total transaction of $141,370.23. Following the transaction, the director now directly owns 8,646,280 shares of the company’s stock, valued at $190,304,622.80. The disclosure for this purchase can be found here. Insiders have purchased 65,586 shares of company stock worth $1,432,198 in the last three months. 21.39% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Nustar GP Holdings (NYSE:NSH)

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