Blueknight Energy Partners L.P. (BKEP) Insider Continues To Lower Holdings With The Company

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Blueknight Energy Partners L.P. (NASDAQ:BKEP), saw an insider lower their holdings with the company through a myriad of transactions that began last week and were filed today, September 8th. In total, Chief Executive Officer Mark A. Hurley sold 3,000 shares of common stock at average prices ranging from $8.63 to $8.64 per share, and now holds 465,550 shares directly in the company. This is just the latest of moves like this from Hurley, who disposed of 4,000 shares as recently as two weeks ago.
In addition, a $198.33 million market cap company, Blueknight Energy Partners L.P. (NASDAQ:BKEP) is a limited partnership with operations in twenty-three states. The Company provides integrated terminalling, storage, processing, gathering and transportation services for companies engaged in the production, distribution and marketing of crude oil and asphalt product.
Finally, billionaire Jim Simons is betting on Bluenkight this quarter. His hedge fund, Renaissance Technologies, reported a 15% increase in its activity over the course of the last fiscal quarter, now holding 54,801 shares worth about $506 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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