Eastern Bank continued to hold its position in TransMontaigne Partners L.P. (NYSE:TLP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,800 shares of the pipeline company’s stock at the end of the second quarter. Eastern Bank’s holdings in TransMontaigne Partners L.P. were worth $202,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. Advocacy Wealth Management Services LLC boosted its position in TransMontaigne Partners L.P. by 109.1% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,300 shares of the pipeline company’s stock valued at $103,000 after buying an additional 1,200 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TransMontaigne Partners L.P. by 375.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the pipeline company’s stock valued at $170,000 after buying an additional 3,000 shares during the last quarter. Cypress Capital Management LLC WY raised its stake in shares of TransMontaigne Partners L.P. by 17.3% in the first quarter. Cypress Capital Management LLC WY now owns 4,750 shares of the pipeline company’s stock valued at $212,000 after buying an additional 700 shares during the last quarter. Naples Global Advisors LLC raised its stake in shares of TransMontaigne Partners L.P. by 1.9% in the second quarter. Naples Global Advisors LLC now owns 8,025 shares of the pipeline company’s stock valued at $337,000 after buying an additional 150 shares during the last quarter. Finally, Creative Planning raised its stake in shares of TransMontaigne Partners L.P. by 4.9% in the first quarter. Creative Planning now owns 8,635 shares of the pipeline company’s stock valued at $386,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.
Shares of TransMontaigne Partners L.P. (NYSE TLP) traded up 0.28% during trading on Friday, hitting $43.22. 40,601 shares of the stock were exchanged. TransMontaigne Partners L.P. has a one year low of $36.93 and a one year high of $49.31. The stock has a market cap of $698.48 million, a PE ratio of 16.96 and a beta of 0.30. The stock’s 50 day moving average price is $43.88 and its 200 day moving average price is $44.21.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. TransMontaigne Partners L.P. had a return on equity of 13.38% and a net margin of 28.78%. The company had revenue of $45.40 million during the quarter, compared to the consensus estimate of $45.64 million. During the same quarter last year, the company earned $0.50 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that TransMontaigne Partners L.P. will post $2.66 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Investors of record on Monday, July 31st were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend was Thursday, July 27th. This is an increase from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.73. TransMontaigne Partners L.P.’s dividend payout ratio (DPR) is 116.08%.
TRADEMARK VIOLATION NOTICE: “Eastern Bank Has $202,000 Stake in TransMontaigne Partners L.P. (TLP)” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/11/transmontaigne-partners-l-p-tlp-stake-held-by-eastern-bank-updated.html.
Several brokerages recently commented on TLP. BidaskClub lowered shares of TransMontaigne Partners L.P. from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 target price on shares of TransMontaigne Partners L.P. in a research report on Thursday. Finally, DA Davidson raised shares of TransMontaigne Partners L.P. from a “neutral” rating to a “buy” rating and upped their target price for the company from $48.00 to $51.00 in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $49.60.
TransMontaigne Partners L.P. Company Profile
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.
Receive News & Ratings for TransMontaigne Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransMontaigne Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.
