Global GP LLC Buys Shares of Global Partners LP
Global GP LLC acquired 5,000 shares of Global Partners LP, adding to its holdings.
Key Points
- Global GP LLC purchased 5,000 shares of Global Partners LP at an average price of $42.81, totaling $214,050, on June 18, 2026.
- Shares of NYSE:GLP traded near $43.09 on Tuesday with a market cap of $1.46 billion and a P/E ratio of 11.97.
- Analysts at Stifel maintained a hold rating on Global Partners LP with a price target of $46.00 as of March 2, 2026.
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Global GP LLC made a move to increase its stake in Global Partners LP (NYSE:GLP) by purchasing 5,000 shares on June 18, 2026. The shares were bought at an average price of $42.81, bringing the total transaction value to approximately $214,050.
Insider Buying and Selling at Global Partners LP
Global GP LLC has been actively buying shares of Global Partners LP throughout June 2026. On June 18, it bought 5,000 shares at $42.81 each. Earlier, on June 17, it purchased another 5,000 shares at $43.28 per share. These transactions are not part of a pre-planned trading scheme.
Other Institutional Activity in Global Partners
ALPS Advisors Inc increased its holdings in Global Partners by 44,141 shares, ending with 6,043,985 shares valued at about $254.5 million. In contrast, Invesco Ltd. trimmed its position by 19,619 shares, holding 2,185,565 shares worth $92 million. Mirae Asset Global ETFs Holdings Ltd. bolstered its stake by 114,819 shares, totaling 2,037,005 shares valued at $85.8 million. Pallas Capital Advisors LLC also increased its holdings significantly, adding 99,900 shares to hold a total of 1,727,873 shares worth $72.7 million.
Global Partners LP Stock Down 14.7%
Shares of Global Partners LP traded near $43.09 on Tuesday. The company has a market capitalization of approximately $1.46 billion. It boasts a P/E ratio of 11.97 and a forward P/E of 17.17. The stock's 52-week range is between $39.58 and $56.39, with a 50-day moving average of $47.57 and a 200-day moving average of $46.31. It has a current ratio of 1.12 and a quick ratio of 0.52, alongside a high debt-to-equity ratio of 315.43.
$GLP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Global Partners LP reported revenue of $19.29 billion, showing a growth of 15.9%. The company achieved a net margin of 0.67% and a return on equity of 21.24%. Its earnings per share stood at $3.60. The next earnings report is expected on August 6, 2026.
Dividend
Global Partners LP offers a dividend rate of $3.06 per share, yielding 7.19%. The dividend payout ratio is 83.61%.
Analysts Set New Price Targets
On March 2, 2026, Stifel maintained its hold rating on Global Partners LP, setting a price target of $46.00. The consensus among analysts is a hold, with a mean target price of $45.50 based on two analyst opinions.
About Global Partners LP
Global Partners LP, based in Waltham, Massachusetts, operates in the energy sector, focusing on the oil and gas midstream industry. It engages in the purchasing, selling, and logistics of gasoline, distillates, and renewable fuels. The company operates through its Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial segments. Led by CEO Eric S. Slifka, Global Partners employs over 3,200 people.
Bottom Line
Global GP LLC's recent purchase of Global Partners LP shares indicates continued interest in the company. Investors keep an eye on such insider transactions for possible insights into company prospects. However, it's important to note that insider buys do not always predict future performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.