Cerity Partners LLC Buys Shares of 11,339 Global Partners LP (NYSE:GLP)

Cerity Partners LLC purchased a new position in shares of Global Partners LP (NYSE:GLP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,339 shares of the energy company's stock, valued at approximately $528,000.Get Global Partners alerts:A number of other large investors have also added to or reduced their stakes in GLP. Proficio Capital Partners LLC grew its holdings in Global Partners by 4,555.0% during the 4th quarter. Proficio Capital Partners LLC now owns 5,818,750 shares of the energy company's stock worth $270,863,000 after acquiring an additional 5,693,750 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Global Partners in the fourth quarter worth $6,510,000. JPMorgan Chase & Co. increased its holdings in Global Partners by 53.8% in the fourth quarter. JPMorgan Chase & Co. now owns 108,357 shares of the energy company's stock valued at $5,044,000 after purchasing an additional 37,893 shares during the period. NBW Capital LLC bought a new position in Global Partners during the 4th quarter worth $2,431,000. Finally, ING Groep NV acquired a new position in Global Partners during the 4th quarter worth about $1,536,000. Institutional investors own 38.12% of the company's stock. Wall Street Analyst Weigh InSeparately, Stifel Nicolaus downgraded Global Partners from a "buy" rating to a "hold" rating and raised their price objective for the stock from $54.00 to $56.00 in a research report on Tuesday, March 4th.View Our Latest Analysis on GLPInsider Activity at Global PartnersIn other Global Partners news, COO Mark Romaine sold 2,195 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was 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 in the company, valued at approximately $8,444,063.88. This represents a 1.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 41.50% of the stock is owned by corporate insiders. Global Partners Trading Down 3.6 %GLP opened at $48.94 on Tuesday. Global Partners LP has a twelve month low of $37.00 and a twelve month high of $60.00. The company has a fifty day moving average of $53.64 and a 200-day moving average of $51.59. The stock has a market cap of $1.66 billion, a PE ratio of 14.79 and a beta of 1.16. 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 DividendThe firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.05%. This is an increase from Global Partners's previous quarterly dividend of $0.73. The ex-dividend date was Monday, February 10th. Global Partners's payout ratio is currently 122.31%. About Global Partners (Free Report)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.Further ReadingFive stocks we like better than Global PartnersWhat is Put Option Volume?AST SpaceMobile: 5 Reasons to Buy This Tiny Trailblazer StockWhat is the NASDAQ Stock Exchange?Why Call Option Traders Are Targeting This Dividend ETF NowGolden Cross Stocks: Pattern, Examples and Charts Is Alphabet Misunderstood? Here’s Why the Bulls Are BuyingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Global Partners Right Now?Before you consider Global Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Partners wasn't on the list.While Global Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here