USD Partners LP (NYSE:USDP) insider Dan Borgen bought 5,000 shares of the stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of $9.83 per share, for a total transaction of $49,150.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Dan Borgen also recently made the following trade(s):

  • On Friday, September 8th, Dan Borgen bought 5,000 shares of USD Partners stock. The shares were purchased at an average price of $9.19 per share, for a total transaction of $45,950.00.

USD Partners LP (NYSE USDP) traded up 5.95% during trading on Monday, reaching $9.80. The company’s stock had a trading volume of 210,862 shares. The stock’s 50 day moving average is $10.99 and its 200 day moving average is $12.30. USD Partners LP has a 12 month low of $9.00 and a 12 month high of $17.50. The company has a market cap of $258.32 million, a price-to-earnings ratio of 8.70 and a beta of 1.03.

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USDP has been the topic of a number of recent research reports. BidaskClub upgraded USD Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded USD Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. TheStreet upgraded USD Partners from a “d” rating to a “c” rating in a research note on Wednesday, May 17th. Finally, Zacks Investment Research upgraded USD Partners from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.33.

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in shares of USD Partners during the second quarter worth $20,960,000. Evergreen Capital Management LLC lifted its position in shares of USD Partners by 26.8% during the second quarter. Evergreen Capital Management LLC now owns 620,220 shares of the transportation company’s stock worth $6,946,000 after acquiring an additional 131,193 shares in the last quarter. Bank of America Corp DE lifted its position in shares of USD Partners by 31.1% during the first quarter. Bank of America Corp DE now owns 554,948 shares of the transportation company’s stock worth $6,826,000 after acquiring an additional 131,521 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of USD Partners during the second quarter worth $2,382,000. Finally, Renaissance Technologies LLC lifted its position in shares of USD Partners by 10.3% during the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock worth $808,000 after acquiring an additional 6,125 shares in the last quarter. Hedge funds and other institutional investors own 40.16% of the company’s stock.

About USD Partners

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

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