Prescott Group Capital Management LLC Has Decreased Its Seadrill Partners LLC (SDLP) Position as Stock Price Rose

Prescott Group Capital Management Llc decreased its stake in Seadrill Partners Llc (SDLP) by 69.76% based on its latest 2018Q2 regulatory filing with the SEC. Prescott Group Capital Management Llc sold 1.39M shares as the company’s stock rose 1.84% with the market. The hedge fund held 602,896 shares of the oil & gas production company at the end of 2018Q2, valued at $2.09M, down from 1.99M at the end of the previous reported quarter. Prescott Group Capital Management Llc who had been investing in Seadrill Partners Llc for a number of months, seems to be less bullish one the $244.25M market cap company. The stock decreased 4.66% or $0.13 during the last trading session, reaching $2.66. About 167,084 shares traded. Seadrill Partners LLC (NYSE:SDLP) has declined 1.48% since December 2, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.

More notable recent Seadrill Partners LLC (NYSE:SDLP) news were published by: Seekingalpha.com which released: “Seadrill Partners: Discussing Q1 Report – Seeking Alpha” on May 24, 2018, also Seekingalpha.com with their article: “Seadrill: Back From Bankruptcy – Discussing First Financial Report And Outlook – Seeking Alpha” published on November 28, 2018, Fool.com published: “Where Will Seadrill Partners LLC Be in 1 Year? – The Motley Fool” on June 12, 2018. More interesting news about Seadrill Partners LLC (NYSE:SDLP) were released by: Seekingalpha.com and their article: “Seadrill Partners: Debt Isn’t Safe Yet – Seeking Alpha” published on December 31, 2017 as well as Seekingalpha.com‘s news article titled: “Seadrill Partners Restores Distribution – Seeking Alpha” with publication date: February 23, 2018.

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