Alps Advisors Inc. increased its holdings in USA Compression Partners, LP (NYSE:USAC - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,990,511 shares of the oil and gas company's stock after acquiring an additional 2,490,895 shares during the period. USA Compression Partners comprises 2.5% of Alps Advisors Inc.'s investment portfolio, making the stock its 9th biggest holding. Alps Advisors Inc. owned 13.61% of USA Compression Partners worth $431,424,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in USAC. Cambridge Investment Research Advisors Inc. boosted its position in USA Compression Partners by 14.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,168 shares of the oil and gas company's stock worth $1,515,000 after purchasing an additional 7,293 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of USA Compression Partners during the 4th quarter worth $13,905,000. Mallini Complete Financial Planning LLC purchased a new position in shares of USA Compression Partners in the 4th quarter worth about $2,176,000. Corient Private Wealth LLC grew its position in USA Compression Partners by 28.9% during the fourth quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company's stock valued at $3,908,000 after buying an additional 37,232 shares during the period. Finally, HighTower Advisors LLC grew its position in USA Compression Partners by 94.8% during the fourth quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company's stock valued at $823,000 after buying an additional 17,005 shares during the period. Institutional investors own 47.77% of the company's stock.
USA Compression Partners Stock Performance
NYSE:USAC traded up $0.19 during mid-day trading on Friday, reaching $24.78. The stock had a trading volume of 97,135 shares, compared to its average volume of 317,429. The stock has a market capitalization of $2.91 billion, a P/E ratio of 36.44 and a beta of 0.38. The firm has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $25.47. USA Compression Partners, LP has a one year low of $21.06 and a one year high of $30.10.
USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. The company had revenue of $245.23 million during the quarter, compared to analysts' expectations of $244.79 million. Research analysts forecast that USA Compression Partners, LP will post 1.05 earnings per share for the current year.
USA Compression Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Monday, April 28th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a $2.10 annualized dividend and a yield of 8.47%. This is a boost from USA Compression Partners's previous quarterly dividend of $0.51. USA Compression Partners's payout ratio is 308.82%.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $25.00 price objective (up previously from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd.
Read Our Latest Stock Analysis on USA Compression Partners
Insider Buying and Selling at USA Compression Partners
In other news, Director Bradford D. Whitehurst bought 10,000 shares of USA Compression Partners stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $23.50 per share, for a total transaction of $235,000.00. Following the acquisition, the director owned 23,616 shares of the company's stock, valued at approximately $554,976. The trade was a 73.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
USA Compression Partners Company Profile
(
Free Report)
USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.
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