6,180 Shares in Global Partners LP (NYSE:GLP) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in Global Partners LP (NYSE:GLP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,180 shares of the energy company’s stock, valued at approximately $288,000.

Several other institutional investors have also added to or reduced their stakes in GLP. Proficio Capital Partners LLC raised its holdings in shares of Global Partners by 4,555.0% in the fourth quarter. Proficio Capital Partners LLC now owns 5,818,750 shares of the energy company’s stock worth $270,863,000 after buying an additional 5,693,750 shares during the period. Infrastructure Capital Advisors LLC grew its position in Global Partners by 57.7% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 141,147 shares of the energy company’s stock valued at $6,572,000 after acquiring an additional 51,630 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Global Partners in the fourth quarter worth $6,510,000. JPMorgan Chase & Co. increased its stake in Global Partners by 9,171.6% in the third quarter. JPMorgan Chase & Co. now owns 70,464 shares of the energy company’s stock worth $3,281,000 after purchasing an additional 69,704 shares during the period. Finally, NBW Capital LLC bought a new stake in shares of Global Partners during the fourth quarter worth $2,431,000. Institutional investors own 38.12% of the company’s stock.

Insider Activity at Global Partners

In related news, COO Mark Romaine sold 2,195 shares of Global Partners stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $54.06, for a total transaction of $118,661.70. Following the transaction, the chief operating officer now directly owns 156,198 shares of the company’s stock, valued at $8,444,063.88. This trade represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 41.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus downgraded shares of Global Partners from a “buy” rating to a “hold” rating and raised their price target for the stock from $54.00 to $56.00 in a research note on Tuesday, March 4th.

Global Partners Stock Up 1.3 %

Shares of NYSE:GLP opened at $54.13 on Friday. The business’s 50 day moving average is $55.36 and its 200 day moving average is $50.85. The stock has a market cap of $1.84 billion, a P/E ratio of 16.35 and a beta of 1.53. Global Partners LP has a 52-week low of $37.00 and a 52-week high of $60.00. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 2.41.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.47%. This is a positive change from Global Partners’s previous quarterly dividend of $0.73. Global Partners’s dividend payout ratio (DPR) is currently 122.31%.

About Global Partners

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.