EJF Capital LLC increased its stake in shares of USD Partners LP (NYSE:USDP) by 66.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 50,000 shares of the transportation company’s stock after buying an additional 20,000 shares during the period. EJF Capital LLC owned approximately 0.21% of USD Partners worth $615,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of USD Partners by 17.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,800 shares of the transportation company’s stock valued at $107,000 after buying an additional 1,000 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of USD Partners during the first quarter valued at about $281,000. GSA Capital Partners LLP bought a new position in shares of USD Partners during the fourth quarter valued at about $465,000. Creative Planning boosted its position in shares of USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock valued at $594,000 after buying an additional 23,832 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of USD Partners by 10.3% in the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after buying an additional 6,125 shares during the last quarter. Institutional investors and hedge funds own 28.22% of the company’s stock.
Shares of USD Partners LP (USDP) traded down 3.04% on Tuesday, hitting $11.15. 93,562 shares of the stock traded hands. USD Partners LP has a 12-month low of $8.88 and a 12-month high of $17.50. The firm has a market cap of $260.56 million, a P/E ratio of 9.77 and a beta of 1.00. The firm’s 50-day moving average is $13.12 and its 200 day moving average is $13.96.
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Several research analysts have recently issued reports on the stock. FBR & Co set a $17.00 target price on shares of USD Partners and gave the company a “buy” rating in a report on Saturday, March 11th. ValuEngine upgraded shares of USD Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of USD Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 15th. Finally, TheStreet upgraded shares of USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.38.
USD Partners Company Profile
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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