Concurrent Investment Advisors LLC Purchases New Holdings in USA Compression Partners, LP (NYSE:USAC)

Concurrent Investment Advisors LLC bought a new position in shares of USA Compression Partners, LP (NYSE:USAC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,724 shares of the oil and gas company's stock, valued at approximately $2,718,000. Concurrent Investment Advisors LLC owned about 0.09% of USA Compression Partners at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Invesco Ltd. lifted its stake in shares of USA Compression Partners by 0.9% in the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock valued at $289,186,000 after buying an additional 107,058 shares during the period. Raymond James Financial Inc. bought a new stake in shares of USA Compression Partners in the fourth quarter valued at about $13,905,000. Objectivity Squared LLC lifted its stake in shares of USA Compression Partners by 2.4% in the fourth quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company's stock valued at $5,048,000 after buying an additional 4,970 shares during the period. Corient Private Wealth LLC lifted its stake in shares of USA Compression Partners by 28.9% in 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, Jane Street Group LLC lifted its stake in shares of USA Compression Partners by 236.0% in the fourth quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company's stock valued at $3,069,000 after buying an additional 91,499 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $25.00 target price (up previously from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.25.

USA Compression Partners Stock Down 0.2%

USAC traded down $0.06 during midday trading on Thursday, reaching $24.58. 133,286 shares of the company's stock were exchanged, compared to its average volume of 317,414. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 36.15 and a beta of 0.38. USA Compression Partners, LP has a one year low of $21.06 and a one year high of $30.10. The business has a 50-day simple moving average of $24.82 and a two-hundred day simple moving average of $25.41.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). The business had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. As a group, research analysts anticipate that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Monday, April 28th were issued a dividend of $0.525 per share. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date was Monday, April 28th. This represents a $2.10 annualized dividend and a dividend yield of 8.54%. USA Compression Partners's dividend payout ratio (DPR) is presently 308.82%.

Insider Buying and Selling at USA Compression Partners

In other news, Director Bradford D. Whitehurst acquired 10,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director owned 23,616 shares in the company, valued at approximately $554,976. This represents a 73.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

USA Compression Partners Company Profile

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.