World Point Terminals, Lp (WPT): Paul A Novelly , director officer 10% owner of World Point Terminals, Lp purchased 45,431 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.05 per share for a total value of $683,850.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Paul A Novelly (director 10% owner other) purchased 100 shares at $14.90 per share price.On May 23, 2016, G Louis Iii Graziadio (director other) sold 2,541 shares at $15.09 per share price.Also, On Dec 29, 2015, Kenneth E Fenton (officer ) sold 2,000 shares at $13.59 per share price.On Dec 28, 2015, Steven G Twele (director) sold 524 shares at $13.60 per share price.
World Point Terminals LP: On Friday, Jun 3, 2016 heightened volatility was witnessed in World Point Terminals LP which led to swings in the share price. The shares opened for trading at $15.02 and hit $15.1 on the upside , eventually ending the session at $15.08, with a gain of 0.53% or 0.08 points. The heightened volatility saw the trading volume jump to 28,459 shares. The 52-week high of the share price is $18 and the company has a market cap of $526 M . The 52-week low of the share price is at $11.794.
World Point Terminals LP owns operates develops and acquires terminals and other assets relating to the storage of petroleum products including light refined products heavy refined products and crude oil. Through its subsidiary Center Point the Company owns and operates 15.3 million barrels of tankage at terminals which are located in the East Coast Gulf Coast and Midwest regions of the United States. In East Coast the terminals are located in Albany Baltimore Chesapeake Gates Glenmont Greensboro Jacksonville Newark and Weirton. In Gulf Coast the terminals are located in Baton Rouge Blakeley Island Chickasaw and Galveston. In Midwest terminals are located in Granite City Memphis Little Rock Pine Bluff and St. Louis. The Company’s terminal facilities are located on waterways providing ship or barge access for the movement of petroleum products and have truck racks with loading logistics. Its terminal facilities also have rail or pipeline access.