Evergreen Capital Management LLC boosted its position in USD Partners LP (NYSE:USDP) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 763,885 shares of the company’s stock after buying an additional 3,250 shares during the period. USD Partners makes up about 1.6% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Evergreen Capital Management LLC’s holdings in USD Partners were worth $7,364,000 at the end of the most recent quarter.
Separately, Creative Planning bought a new position in USD Partners during the second quarter worth about $105,000.
USD Partners LP (NYSE:USDP) traded up 1.29% on Wednesday, reaching $11.80. 15,350 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $12.05 and its 200 day moving average price is $10.32. USD Partners LP has a 12 month low of $4.72 and a 12 month high of $13.25. The company has a market cap of $273.19 million, a PE ratio of 13.44 and a beta of 1.13.
A number of research analysts recently issued reports on the stock. FBR & Co assumed coverage on shares of USD Partners in a research report on Friday, September 9th. They set an “outperform” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded shares of USD Partners from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 9th. Finally, Citigroup Inc. boosted their target price on shares of USD Partners from $10.50 to $11.50 and gave the company a “neutral” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.42.
About USD Partners
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 logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.
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