Trygve Seglem Purchases 1.25 Million Shares of KNOP
Trygve Seglem invested $25 million in KNOP by acquiring 1.25 million shares.
Key Points
- Trygve Seglem bought 1.25 million shares of KNOP on June 15, 2026, for $25 million.
- KNOP shares traded at $10.37 with various institutional investors adjusting their positions.
- Analysts have set new price targets, with Alliance Global Partners maintaining a buy rating at $10.
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Trygve Seglem, an insider at KNOP, purchased 1.25 million shares on June 15, 2026. The transaction was valued at $25 million, with each share priced at $20. This move was not part of a pre-planned trading scheme.
Other Institutional Activity in KNOP
Invesco Ltd. held steady with 1,776,804 shares valued at about $17.9 million. 683 Capital Management, LLC increased its stake by 20,000 shares, bringing its total to 1,480,000 shares worth nearly $14.9 million. Renaissance Technologies LLC added 108,400 shares, reaching a total of 1,335,435 shares valued at approximately $13.5 million. Morgan Stanley also increased its holdings by 64,663 shares to a total of 907,164 shares, valued at around $9.1 million. Two Sigma Investments, LP made a significant move by adding 368,228 shares, bringing its total to 590,505 shares, valued at about $5.95 million.
KNOT Offshore Partners LP Stock Down 4.9%
Shares of KNOP traded around $10.37. The stock has seen diverse activity among institutional investors, reflecting varied investment strategies.
Insider Buying and Selling at KNOT Offshore Partners LP
On June 15, 2026, Trygve Seglem acquired 1.25 million shares of KNOP at an average price of $20 per share, totaling $25 million. This purchase was not part of a Rule 10b5-1 plan.
Analysts Set New Price Targets
On September 4, 2024, Alliance Global Partners maintained its buy rating on KNOP with a price target of $10. Previously, the firm had upgraded the stock to a buy rating with an $8 target on May 30, 2023, and downgraded it to a sell with a $6 target on January 12, 2023. B.Riley Financial maintained a buy rating with a $15 target on January 6, 2023.
Bottom Line
Trygve Seglem's recent purchase of KNOP shares adds a notable insider perspective to the stock's ongoing market activity. While KNOP's stock trades at $10.37, various institutional investors have adjusted their stakes, reflecting differing views on the company's potential. Analyst ratings show a range of opinions, with recent targets suggesting cautious optimism. As always, keep in mind that insider transactions and 13F filings are backward-looking and may not reflect current positions.
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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.