RBF Capital LLC Acquires Shares of 25,000 Blueknight Energy Partners LP (NASDAQ:BKEP)

RBF Capital LLC purchased a new position in shares of Blueknight Energy Partners LP (NASDAQ:BKEP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the pipeline company’s stock, valued at approximately $29,000. RBF Capital LLC owned about 0.06% of Blueknight Energy Partners as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Blueknight Energy Partners by 115.6% during the 4th quarter. Geode Capital Management LLC now owns 52,800 shares of the pipeline company’s stock valued at $60,000 after acquiring an additional 28,310 shares during the last quarter. Deutsche Bank AG acquired a new position in Blueknight Energy Partners in the 4th quarter valued at about $312,000. Finally, Zazove Associates LLC grew its stake in shares of Blueknight Energy Partners by 13.6% in the 2nd quarter. Zazove Associates LLC now owns 2,190,979 shares of the pipeline company’s stock valued at $2,542,000 after buying an additional 261,582 shares during the period. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Blueknight Energy Partners stock traded down $0.09 on Wednesday, reaching $1.23. The company had a trading volume of 23,993 shares, compared to its average volume of 115,612. The firm’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.20. Blueknight Energy Partners LP has a 52-week low of $1.00 and a 52-week high of $2.50. The firm has a market cap of $53.87 million, a PE ratio of -4.24 and a beta of 1.84.

Blueknight Energy Partners (NASDAQ:BKEP) last posted its earnings results on Wednesday, August 7th. The pipeline company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Blueknight Energy Partners had a negative net margin of 9.26% and a negative return on equity of 4.51%. The firm had revenue of $94.08 million during the quarter. Analysts anticipate that Blueknight Energy Partners LP will post -0.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 2nd were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 13.01%. Blueknight Energy Partners’s payout ratio is presently -55.17%.

BKEP has been the topic of several analyst reports. ValuEngine raised shares of Blueknight Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Blueknight Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

Blueknight Energy Partners Profile

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services.

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Institutional Ownership by Quarter for Blueknight Energy Partners (NASDAQ:BKEP)

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