Global Partners LP (NYSE:GLP) Insider Purchases $214,200.00 in Stock

Global Partners LP (NYSE:GLP) insider Global Gp Llc bought 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $42.84 per share, with a total value of $214,200.00. Following the completion of the transaction, the insider now owns 253,981 shares in the company, valued at $10,880,546.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, September 16th, Global Gp Llc acquired 5,000 shares of Global Partners stock. The stock was bought at an average price of $43.07 per share, with a total value of $215,350.00.
• On Tuesday, September 10th, Global Gp Llc bought 4,800 shares of Global Partners stock. The shares were acquired at an average price of $43.17 per share, with a total value of $207,216.00.
• On Thursday, September 5th, Global Gp Llc acquired 5,000 shares of Global Partners stock. The stock was purchased at an average price of $42.40 per share, with a total value of $212,000.00.
• On Thursday, August 29th, Global Gp Llc bought 7,500 shares of Global Partners stock. The stock was bought at an average cost of $45.08 per share, for a total transaction of $338,100.00.
• On Tuesday, August 27th, Global Gp Llc acquired 5,000 shares of Global Partners stock. The shares were acquired at an average cost of $42.67 per share, for a total transaction of $213,350.00.
• On Monday, August 19th, Global Gp Llc bought 2,400 shares of Global Partners stock. The stock was purchased at an average cost of $41.88 per share, for a total transaction of $100,512.00.
• On Thursday, August 15th, Global Gp Llc acquired 1,300 shares of Global Partners stock. The stock was bought at an average price of $40.49 per share, for a total transaction of $52,637.00.
• On Thursday, June 20th, Global Gp Llc bought 10,000 shares of Global Partners stock. The shares were acquired at an average price of $45.68 per share, for a total transaction of $456,800.00.

Global Partners Price Performance

GLP stock opened at $43.56 on Wednesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.62 and a current ratio of 1.10. Global Partners LP has a 1 year low of $27.07 and a 1 year high of $50.85. The firm has a market cap of $1.47 billion, a P/E ratio of 16.19 and a beta of 1.38. The stock has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $44.54.

Global Partners (NYSE:GLP) last released its earnings results on Wednesday, August 7th. The energy company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.40). Global Partners had a return on equity of 19.21% and a net margin of 0.71%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $5.51 billion. On average, equities analysts predict that Global Partners LP will post 3.19 earnings per share for the current fiscal year.

Global Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date was Thursday, August 8th. This is an increase from Global Partners’s previous quarterly dividend of $0.71. Global Partners’s dividend payout ratio (DPR) is currently 107.06%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their target price on Global Partners from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, August 9th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Albert D Mason Inc. lifted its holdings in shares of Global Partners by 6.6% in the 2nd quarter. Albert D Mason Inc. now owns 4,865 shares of the energy company’s stock worth $222,000 after purchasing an additional 300 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Global Partners by 0.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 42,216 shares of the energy company’s stock worth $1,786,000 after purchasing an additional 342 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Global Partners in the 2nd quarter worth approximately $41,000. Commonwealth Equity Services LLC lifted its holdings in shares of Global Partners by 8.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 27,510 shares of the energy company’s stock worth $1,221,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Tortoise Index Solutions LLC lifted its holdings in shares of Global Partners by 12.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 36,404 shares of the energy company’s stock worth $1,540,000 after purchasing an additional 4,148 shares during the last quarter. Institutional investors own 38.12% of the company’s stock.

About Global Partners

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.