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Stock News in Focus: Höegh LNG Partners LP (NYSE:HMLP)

Höegh LNG Partners LP (NYSE:HMLP) stock identified change of 14.95% away from 52-week low price and recently located move of -19.17% off 52-week high price. It has market worth of $527.78M and dividend yield of 10.90%. HMLP stock has been recorded 3.14% away from 50 day moving average and -7.66% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.79% off 20-day moving average.

On Oct. 17, 2019, Höegh LNG Partners LP (NYSE:HMLP) declared that its board of directors (the Board) has declared a quarterly cash distribution with respect to the quarter ended September 30, 2019 of $0.44 per unit for the common units. The distribution corresponds to an annualized distribution of $1.76 per unit.

The cash distribution for the common units will be paid on November 14, 2019 to all common unitholders of record as of the close of the business on October 31, 2019.

The Partnership also announced that the Board declared a cash distribution of $0.546875 per 8.75% Series A preferred unit. The cash distribution for the 8.75% Series A preferred units will be paid on November 15, 2019 to all 8.75% Series A preferred unitholders of record as of the close of the business on November 8, 2019.

Höegh LNG Partners LP is a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd. (Oslo Børs ticker: HLNG), a leading floating LNG service provider. HMLP’s strategy is to own, operate and acquire floating storage and regasification units (FSRUs) and associated LNG infrastructure assets under long-term charters. It has interests in five FSRUs that have an industry leading average remaining firm contract duration of 9.7 years plus options as of September 30, 2019.

 The Services sector company, Hoegh LNG Partners LP noticed change of 0.19% to $16.15 along volume of 42477 shares in recent session compared to an average volume of 102.75K. The stock observed return of 0.81% in 5 days trading activity. The stock was at 2.74% over one month performance. HMLP’s shares are at -7.82% for the quarter and driving a -9.52% return over the course of the past year and is now at 5.21% since this point in 2018.  The average volatility for the week at 1.95% and for month was at 1.99%. There are 32.68M shares outstanding and 17.37M shares are floated in market. Right now the stock beta is 1.02.

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