USD Partners LP (USDP) Insider Acquires $45,950.00 in Stock

USD Partners LP (NYSE:USDP) insider Dan Borgen acquired 5,000 shares of the stock in a transaction on Friday, September 8th. The stock was bought at an average price of $9.19 per share, for a total transaction of $45,950.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of USD Partners LP (USDP) opened at 9.25 on Monday. The firm has a 50-day moving average price of $11.01 and a 200 day moving average price of $12.32. The stock has a market cap of $243.82 million, a price-to-earnings ratio of 8.21 and a beta of 1.03. USD Partners LP has a 52-week low of $9.00 and a 52-week high of $17.50.

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Several research firms have commented on USDP. TheStreet upgraded USD Partners from a “d” rating to a “c” rating in a research report on Wednesday, May 17th. ValuEngine upgraded USD Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. 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 report on Thursday, August 3rd. Finally, BidaskClub upgraded USD Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.33.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new stake in shares of USD Partners in the second quarter valued at $165,000. Acadian Asset Management LLC acquired a new position in USD Partners in the first quarter valued at $281,000. EJF Capital LLC increased its stake in USD Partners by 66.7% in the first quarter. EJF Capital LLC now owns 50,000 shares of the transportation company’s stock valued at $615,000 after purchasing an additional 20,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 6,125 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in USD Partners in the second quarter valued at $2,382,000. Institutional investors own 40.16% of the company’s stock.

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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