Youngs Advisory Group buys $175,889 stake in Global Partners LP (GLP)

Global Partners LP (GLP) : Youngs Advisory Group scooped up 1,363 additional shares in Global Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 13,335 shares of Global Partners LP which is valued at $175,889.Global Partners LP makes up approximately 0.14% of Youngs Advisory Group’s portfolio.

Other Hedge Funds, Including , Albert D Mason Inc boosted its stake in GLP in the latest quarter, The investment management firm added 3,430 additional shares and now holds a total of 56,966 shares of Global Partners LP which is valued at $751,382. Global Partners LP makes up approx 0.46% of Albert D Mason Inc’s portfolio. Cutler Group Lp added GLP to its portfolio by purchasing 631 company shares during the most recent quarter which is valued at $8,455.Creative Planning boosted its stake in GLP in the latest quarter, The investment management firm added 7,875 additional shares and now holds a total of 15,000 shares of Global Partners LP which is valued at $201,000.

Global Partners LP closed down -0.06 points or -0.45% at $13.19 with 69,841 shares getting traded on Wednesday. Post opening the session at $13.18, the shares hit an intraday low of $13.13 and an intraday high of $13.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Global Partners LP reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.19. The company had revenue of $1751.00 million for the quarter, compared to analysts expectations of $2254.29 million. The company’s revenue was down -41.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Global Partners LP is a midstream logistics and marketing company that engages in the purchasing selling and logistics of transporting petroleum and related products including domestic and Canadian crude oil gasoline and gasoline blendstocks distillates residual oil renewable fuels natural gas and propane. The Company operates through three segments: Wholesale Gasoline Distribution and Station Operations (GDSO) and Commercial. The Wholesale segment engages in the logistics of selling gathering storage and transportation of refined petroleum products renewable fuels crude oil and propane. The GDSO segment is engaged in gasoline distribution and station operations such as convenience store car wash and other ancillary sales. The Commercial segment includes sales and deliveries of unbranded gasoline home heating oil diesel kerosene residual oil bunker fuel and natural gas. The Company’s product brands include Global Diesel One and Heating Oil Plus.

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