GSA Capital Partners LLP Has $896,000 Position in Westlake Chemical Partners LP (NYSE:WLKP)

GSA Capital Partners LLP lifted its holdings in Westlake Chemical Partners LP (NYSE:WLKP - Get Rating) by 72.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,139 shares of the basic materials company's stock after acquiring an additional 15,995 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of Westlake Chemical Partners worth $896,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WLKP. AE Wealth Management LLC acquired a new stake in Westlake Chemical Partners during the fourth quarter worth about $344,000. UBS Group AG grew its stake in Westlake Chemical Partners by 49.6% during the third quarter. UBS Group AG now owns 442,517 shares of the basic materials company's stock worth $9,515,000 after buying an additional 146,705 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Westlake Chemical Partners by 36.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 57,732 shares of the basic materials company's stock worth $1,357,000 after buying an additional 15,459 shares in the last quarter. Raymond James & Associates grew its stake in Westlake Chemical Partners by 219.1% during the first quarter. Raymond James & Associates now owns 38,435 shares of the basic materials company's stock worth $1,041,000 after buying an additional 26,389 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Westlake Chemical Partners by 22.0% during the second quarter. LPL Financial LLC now owns 35,620 shares of the basic materials company's stock worth $887,000 after buying an additional 6,420 shares in the last quarter. 31.10% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on WLKP. StockNews.com cut shares of Westlake Chemical Partners from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 11th. Barclays dropped their target price on shares of Westlake Chemical Partners from $32.00 to $26.00 in a report on Sunday, May 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Westlake Chemical Partners from $28.00 to $27.00 in a report on Monday, May 22nd.

In related news, SVP Andrew Kenner acquired 5,000 shares of Westlake Chemical Partners stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $21.44 per share, with a total value of $107,200.00. Following the transaction, the senior vice president now directly owns 65,000 shares in the company, valued at approximately $1,393,600. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE WLKP opened at $22.36 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.51 and a quick ratio of 4.41. Westlake Chemical Partners LP has a 1 year low of $18.58 and a 1 year high of $27.72. The company has a 50 day simple moving average of $21.89 and a 200 day simple moving average of $22.72. The firm has a market cap of $787.52 million, a PE ratio of 12.49 and a beta of 1.00.

Westlake Chemical Partners (NYSE:WLKP - Get Rating) last released its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter. Westlake Chemical Partners had a net margin of 4.09% and a return on equity of 6.77%. The firm had revenue of $307.68 million during the quarter. On average, research analysts forecast that Westlake Chemical Partners LP will post 1.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were issued a dividend of $0.471 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.88 annualized dividend and a yield of 8.43%. Westlake Chemical Partners's payout ratio is 105.59%.

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. It is also involved in the manufacture and marketing of basic chemicals, polymers, and fabricated building products. The company was founded on March 14, 2014 and is headquartered in Houston, TX.

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