TransMontaigne Partners L.P. (NYSE:TLP) Director Steven A. Blank bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of $39.56 per share, with a total value of $39,560.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
TransMontaigne Partners L.P. (NYSE:TLP) traded down $0.54 on Monday, reaching $38.81. 53,691 shares of the company were exchanged, compared to its average volume of 32,930. The firm has a market cap of $630.92, a price-to-earnings ratio of 16.13 and a beta of 0.24. TransMontaigne Partners L.P. has a 1-year low of $38.35 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings data on Wednesday, November 8th. The pipeline company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.25). The company had revenue of $45.45 million for the quarter, compared to analyst estimates of $46.10 million. TransMontaigne Partners L.P. had a return on equity of 13.16% and a net margin of 27.49%. TransMontaigne Partners L.P.’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. analysts forecast that TransMontaigne Partners L.P. will post 2.36 earnings per share for the current year.
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Several equities analysts have commented on the stock. UBS AG boosted their price target on shares of TransMontaigne Partners L.P. from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of TransMontaigne Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of TransMontaigne Partners L.P. from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 target price on shares of TransMontaigne Partners L.P. in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.80.
Institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its position in TransMontaigne Partners L.P. by 0.4% in the 2nd quarter. Blair William & Co. IL now owns 9,444 shares of the pipeline company’s stock valued at $397,000 after purchasing an additional 34 shares during the last quarter. AMG Funds LLC increased its stake in TransMontaigne Partners L.P. by 0.4% during the 2nd quarter. AMG Funds LLC now owns 21,202 shares of the pipeline company’s stock valued at $890,000 after buying an additional 80 shares during the period. CNH Partners LLC increased its stake in TransMontaigne Partners L.P. by 0.5% during the 2nd quarter. CNH Partners LLC now owns 20,221 shares of the pipeline company’s stock valued at $849,000 after buying an additional 100 shares during the period. Naples Global Advisors LLC grew its stake in shares of TransMontaigne Partners L.P. by 1.9% in the 2nd quarter. Naples Global Advisors LLC now owns 8,025 shares of the pipeline company’s stock worth $337,000 after purchasing an additional 150 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of TransMontaigne Partners L.P. by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 18,676 shares of the pipeline company’s stock worth $781,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 62.37% of the company’s stock.
About TransMontaigne Partners L.P.
TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
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