Advocacy Wealth Management Services buys $1,932,880 stake in TransMontaigne Partners L.P. (TLP)

TransMontaigne Partners L.P. (TLP) : Advocacy Wealth Management Services scooped up 25,211 additional shares in TransMontaigne Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 47,749 shares of TransMontaigne Partners L.P. which is valued at $1,932,880.TransMontaigne Partners L.P. makes up approximately 0.97% of Advocacy Wealth Management Services’s portfolio.

TransMontaigne Partners L.P. opened for trading at $40.47 and hit $40.99 on the upside on Friday, eventually ending the session at $40.48, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 18,123 shares. Company has a market cap of $653 M.

Other Hedge Funds, Including , Adams Asset Advisors added TLP to its portfolio by purchasing 6,126 company shares during the most recent quarter which is valued at $231,379. TransMontaigne Partners L.P. makes up approx 0.04% of Adams Asset Advisors’s portfolio.Simplex Trading boosted its stake in TLP in the latest quarter, The investment management firm added 1,459 additional shares and now holds a total of 1,873 shares of TransMontaigne Partners L.P. which is valued at $70,743. TransMontaigne Partners L.P. makes up approx 0.01% of Simplex Trading’s portfolio. Searle added TLP to its portfolio by purchasing 15,200 company shares during the most recent quarter which is valued at $574,104. TransMontaigne Partners L.P. makes up approx 0.52% of Searle’s portfolio.Creative Planning boosted its stake in TLP in the latest quarter, The investment management firm added 1,664 additional shares and now holds a total of 7,749 shares of TransMontaigne Partners L.P. which is valued at $313,989.

On the company’s financial health, TransMontaigne Partners L.P. reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.46. The company had revenue of $40.31 million for the quarter, compared to analysts expectations of $38.55 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on TransMontaigne Partners L.P.. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by Stifel on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Company shares were Reiterated by Stifel on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminalling and transportation company with operations in the United States along the Gulf Coast in the Midwest in Brownsville Texas along the Mississippi and Ohio Rivers and in the Southeast. It provides integrated terminalling storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products heavy refined petroleum products crude oil chemicals fertilizers and other liquid products. Light refined products include gasolines diesel fuels heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt. The Company’s business segments include Gulf Coast terminals Midwest terminals and pipeline system Brownsville terminals River terminals and Southeast terminals.

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