Concurrent Investment Advisors LLC bought a new stake in USA Compression Partners, LP (NYSE:USAC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,724 shares of the oil and gas company's stock, valued at approximately $2,718,000. Concurrent Investment Advisors LLC owned approximately 0.09% of USA Compression Partners at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of USAC. Raymond James Financial Inc. bought a new stake in USA Compression Partners in the fourth quarter worth $13,905,000. Invesco Ltd. boosted its stake in shares of USA Compression Partners by 0.9% during the 4th quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock worth $289,186,000 after acquiring an additional 107,058 shares in the last quarter. Mallini Complete Financial Planning LLC acquired a new position in shares of USA Compression Partners during the 4th quarter valued at about $2,176,000. Jane Street Group LLC raised its stake in shares of USA Compression Partners by 236.0% in the 4th quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company's stock valued at $3,069,000 after acquiring an additional 91,499 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in USA Compression Partners in the 4th quarter worth approximately $1,036,000. 47.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $25.00 price target (up previously from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, USA Compression Partners has an average rating of "Hold" and a consensus price target of $26.25.
Check Out Our Latest Analysis on USAC
USA Compression Partners Price Performance
Shares of NYSE USAC traded down $0.49 during trading hours on Monday, hitting $24.46. 138,436 shares of the company's stock were exchanged, compared to its average volume of 322,343. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 35.97 and a beta of 0.38. The company's 50-day moving average price is $24.83 and its 200-day moving average price is $25.39. USA Compression Partners, LP has a 1-year low of $21.06 and a 1-year high of $30.10.
USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $245.23 million during the quarter, compared to analyst estimates of $244.79 million. USA Compression Partners had a negative return on equity of 81.01% and a net margin of 9.99%. On average, research analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current year.
USA Compression Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Monday, April 28th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, April 28th. This is an increase from USA Compression Partners's previous quarterly dividend of $0.51. This represents a $2.10 dividend on an annualized basis and a yield of 8.59%. USA Compression Partners's dividend payout ratio (DPR) is 308.82%.
Insider Activity at USA Compression Partners
In other USA Compression Partners news, Director Bradford D. Whitehurst bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $23.50 per share, with a total value of $235,000.00. Following the completion of the purchase, the director directly owned 23,616 shares in the company, valued at $554,976. The trade was a 73.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
USA Compression Partners 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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