Van ECK Associates Corp lowered its position in Hoegh LNG Partners LP (NYSE:HMLP) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,961 shares of the shipping company’s stock after selling 10,548 shares during the quarter. Van ECK Associates Corp owned approximately 0.37% of Hoegh LNG Partners worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Hoegh LNG Partners by 3.3% in the second quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after purchasing an additional 591 shares during the last quarter. FMR LLC lifted its position in Hoegh LNG Partners by 2.5% in the second quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after purchasing an additional 35,806 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Hoegh LNG Partners by 341.5% in the second quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 4,037 shares during the last quarter. Bard Associates Inc. bought a new stake in Hoegh LNG Partners in the second quarter valued at approximately $321,000. Finally, Kayne Anderson Capital Advisors LP lifted its position in Hoegh LNG Partners by 1.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock valued at $43,988,000 after purchasing an additional 43,400 shares during the last quarter. 64.13% of the stock is owned by institutional investors and hedge funds.

Hoegh LNG Partners LP (NYSE:HMLP) traded down $0.15 on Thursday, reaching $17.30. The company’s stock had a trading volume of 98,100 shares, compared to its average volume of 56,777. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.63 and a current ratio of 0.64. The company has a market capitalization of $344.90, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. Hoegh LNG Partners LP has a twelve month low of $16.90 and a twelve month high of $20.65.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Thursday, November 2nd were issued a $0.43 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $1.72 dividend on an annualized basis and a yield of 9.94%. Hoegh LNG Partners’s dividend payout ratio (DPR) is 109.55%.

Several analysts have weighed in on HMLP shares. BidaskClub downgraded Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet upgraded Hoegh LNG Partners from a “d” rating to a “c+” rating in a report on Monday, August 7th. Zacks Investment Research upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Citigroup upped their target price on Hoegh LNG Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, August 25th. Finally, ValuEngine upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.63.

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About Hoegh LNG Partners

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

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Institutional Ownership by Quarter for Hoegh LNG Partners (NYSE:HMLP)

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