USD Partners LP (USDP) : Evergreen Capital Management scooped up 32,200 additional shares in USD Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 760,635 shares of USD Partners LP which is valued at $8,313,741.USD Partners LP makes up approximately 1.84% of Evergreen Capital Management’s portfolio.
USD Partners LP opened for trading at $10.5 and hit $11 on the upside on Friday, eventually ending the session at $10.93, with a gain of 4.39% or 0.46 points. The heightened volatility saw the trading volume jump to 86,653 shares. Company has a market cap of $248 M.
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USD Partners LP (USD Partners) is a fee-based master limited partnership formed by US Development Group LLC (USD) to acquire develop and operate energy-related rail terminals and other complementary midstream infrastructure assets and businesses. The Company conducts its business through two segments. The Terminalling services segment operates by terminalling and transloading crude oil and biofuels under multi-year fee-based contracts. The Fleet services segment manages a fleet of rail cars. The Company’s assets consist primarily of an origination crude-by-rail terminal in Hardisty Alberta Canada with capacity to load up to two 120-railcar unit trains per day and two destination unit train-capable ethanol rail terminals in San Antonio Texas and West Colton California with a combined capacity of approximately 33000 barrels per day (bpd). The Company provides railcar services through the management of a railcar fleet consisting of approximately 3099 active railcars.