Hoegh LNG Partners LP (HMLP) : Oceanic Investment Management Ltd reduced its stake in Hoegh LNG Partners LP by 9.74% during the most recent quarter end. The investment management company now holds a total of 1,728,655 shares of Hoegh LNG Partners LP which is valued at $32,619,720 after selling 186,600 shares in Hoegh LNG Partners LP , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Hoegh LNG Partners LP makes up approximately 16.38% of Oceanic Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Forward Management reduced its stake in HMLP by selling 30,200 shares or 77.24% in the most recent quarter. The Hedge Fund company now holds 8,900 shares of HMLP which is valued at $167,943. Hoegh LNG Partners LP makes up approx 0.01% of Forward Management’s portfolio.Prescott Group Capital Management L.l.c. reduced its stake in HMLP by selling 8,000 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 100,820 shares of HMLP which is valued at $1,866,178. Hoegh LNG Partners LP makes up approx 0.43% of Prescott Group Capital Management L.l.c.’s portfolio. Simplex Trading sold out all of its stake in HMLP during the most recent quarter. The investment firm sold 734 shares of HMLP which is valued $13,983.Cutler Group Lp reduced its stake in HMLP by selling 2,604 shares or 84.05% in the most recent quarter. The Hedge Fund company now holds 494 shares of HMLP which is valued at $8,912.
Hoegh LNG Partners LP opened for trading at $18.99 and hit $19.08 on the upside on Monday, eventually ending the session at $19.08, with a gain of 0.47% or 0.09 points. The heightened volatility saw the trading volume jump to 3,497 shares. Company has a market cap of $502 M.
Hoegh LNG Partners LP is a Bermuda-based limited partnership formed by Hoegh LNG Holdings Ltd. (HLNG) a floating LNG (liquefied natural gas) service provider. The Company owns and operates floating storage and regasification units (FSRUs) under long-term charters. The Company operates through two segments: Majority Held FSRUs and Joint Venture FSRUs. In addition interest income from advances to joint ventures and the demand note from Hoegh LNG are included in Other. The Company generates revenues by chartering the vessels in its initial fleet under long-term time charters. Majority held FSRUs include the direct financing lease related to the PGN FSRU Lampung and construction contract revenue and expenses of the Mooring. Joint venture FSRUs include two 50% owned FSRUs the GDF Suez Neptune and the GDF Suez Cape Ann that operate under long term time charters with one charterer GDF Suez.