Global Partners LP (NYSE:GLP) Insider Global Gp Llc Purchases 10,000 Shares

Global Partners LP (NYSE:GLP) insider Global Gp Llc purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of $45.68 per share, with a total value of $456,800.00. Following the acquisition, the insider now directly owns 192,981 shares of the company’s stock, valued at approximately $8,815,372.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Global Gp Llc also recently made the following trade(s):

• On Monday, June 17th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $47.37 per share, for a total transaction of $473,700.00.
• On Monday, June 10th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $50.23 per share, for a total transaction of $502,300.00.
• On Thursday, May 30th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $46.69 per share, for a total transaction of $466,900.00.
• On Tuesday, May 28th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $44.63 per share, for a total transaction of $446,300.00.
• On Friday, May 24th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $44.92 per share, for a total transaction of $449,200.00.
• On Wednesday, May 22nd, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $43.49 per share, for a total transaction of $434,900.00.
• On Monday, May 20th, Global Gp Llc acquired 10,000 shares of Global Partners stock. The stock was acquired at an average price of $44.96 per share, for a total transaction of $449,600.00.
• On Friday, May 17th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was purchased at an average price of $44.05 per share, for a total transaction of $440,500.00.
• On Wednesday, May 15th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was purchased at an average price of $43.29 per share, for a total transaction of $432,900.00.
• On Monday, May 13th, Global Gp Llc bought 10,000 shares of Global Partners stock. The stock was purchased at an average price of $42.66 per share, for a total transaction of $426,600.00.

Global Partners Price Performance

NYSE:GLP opened at $45.60 on Tuesday. Global Partners LP has a 12 month low of $27.07 and a 12 month high of $50.85. The company has a current ratio of 1.17, a quick ratio of 0.76 and a debt-to-equity ratio of 2.23. The business’s 50-day moving average is $46.26 and its 200 day moving average is $45.22. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.95 and a beta of 1.36.

Global Partners (NYSE:GLP) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.47). Global Partners had a net margin of 0.71% and a return on equity of 18.45%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $5.22 billion. On average, equities research analysts forecast that Global Partners LP will post 3.11 earnings per share for the current fiscal year.

Global Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, May 9th were given a dividend of $0.71 per share. The ex-dividend date was Wednesday, May 8th. This is an increase from Global Partners’s previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 6.23%. Global Partners’s dividend payout ratio is 105.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Global Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd.

Institutional Investors Weigh In On Global Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new stake in Global Partners during the first quarter valued at approximately $374,000. Leo Wealth LLC grew its stake in shares of Global Partners by 45.0% during the first quarter. Leo Wealth LLC now owns 14,500 shares of the energy company’s stock valued at $647,000 after buying an additional 4,500 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Global Partners by 8.0% during the first quarter. Commonwealth Equity Services LLC now owns 27,510 shares of the energy company’s stock valued at $1,221,000 after buying an additional 2,030 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Global Partners during the first quarter valued at approximately $318,000. Finally, Albert D Mason Inc. bought a new position in shares of Global Partners during the first quarter valued at approximately $203,000. 38.12% of the stock is currently owned by hedge funds and other institutional investors.

Global Partners Company Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.