Trade Report: Today, OCI Partners LP (OCIP) Insider Nassef Sawiris Buys 108,518 Shares

Today, OCI Partners LP (OCIP) Insider Nassef Sawiris Buys 108,518 Shares

OCI Partners LP (NYSE:OCIP) insider Nassef Sawiris purchased 108,518 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average price of $5.69 per share, for a total transaction of $617,467.42. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nassef Sawiris also recently made the following trade(s): On Thursday, September 15th, Nassef Sawiris purchased 900 shares of OCI Partners stock. The shares were acquired at an average price of $5.79 per share, for a total transaction of $5,211.00. On Tuesday, September 13th, Nassef Sawiris purchased 36,100 shares of OCI Partners stock. The shares were acquired at an average price of $6.04 per share, for a total transaction of $218,044.00. On Thursday, September 8th, Nassef Sawiris purchased 198,500 shares of OCI Partners stock. The shares were acquired at an average price of $6.04 per share, for a total transaction of $1,198,940.00.

Shares of OCI Partners LP (NYSE:OCIP) opened at 5.60 on Friday. OCI Partners LP has a 12 month low of $4.95 and a 12 month high of $8.50. The company has a 50-day moving average price of $5.72 and a 200-day moving average price of $6.49. The stock’s market cap is $487.18 million.

Institutional investors have recently made changes to their positions in the stock. Credit Capital Investments LLC boosted its position in shares of OCI Partners by 655.0% in the second quarter. Credit Capital Investments LLC now owns 596,487 shares of the company’s stock worth $596,000 after buying an additional 517,482 shares during the period. Morgan Stanley boosted its position in shares of OCI Partners by 0.6% in the third quarter. Morgan Stanley now owns 9,489,471 shares of the company’s stock worth $56,083,000 after buying an additional 53,977 shares during the period. Finally, Citigroup Inc. boosted its position in shares of OCI Partners by 197.4% in the second quarter. Citigroup Inc. now owns 27,206 shares of the company’s stock worth $205,000 after buying an additional 18,057 shares during the period. Institutional investors own 13.86% of the company’s stock.

OCIP has been the topic of a number of recent research reports. Citigroup Inc. dropped their target price on OCI Partners from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday, August 8th. TheStreet upgraded OCI Partners from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd.

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