Jump Financial LLC Makes New Investment in USA Compression Partners, LP $USAC

Key Points

• Jump Financial LLC acquired 25,926 shares of USA Compression Partners, LP, valued at approximately $699,000, during the first quarter of the fiscal year.
• USA Compression Partners recently reported earnings of $0.22 per share for the quarter, surpassing analysts' expectations, along with revenue of $250.13 million.
• The company announced a quarterly dividend of $0.525, representing a yield of 8.7%, while maintaining a high dividend payout ratio of 313.43%.

Jump Financial LLC purchased a new stake in USA Compression Partners, LP (NYSE:USAC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,926 shares of the oil and gas company's stock, valued at approximately $699,000.

Other hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in USA Compression Partners by 2.4% during the first quarter. D.A. Davidson & CO. now owns 20,098 shares of the oil and gas company's stock worth $542,000 after purchasing an additional 470 shares during the last quarter. Mallini Complete Financial Planning LLC boosted its stake in shares of USA Compression Partners by 0.6% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 92,966 shares of the oil and gas company's stock worth $2,508,000 after buying an additional 586 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in USA Compression Partners by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 77,957 shares of the oil and gas company's stock worth $2,103,000 after acquiring an additional 955 shares during the period. HighTower Advisors LLC boosted its position in USA Compression Partners by 2.9% in the first quarter. HighTower Advisors LLC now owns 35,957 shares of the oil and gas company's stock worth $970,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in USA Compression Partners in the first quarter worth $32,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USAC has been the subject of several research reports. JPMorgan Chase & Co. restated an "underweight" rating and set a $25.00 price target (up previously from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd. Mizuho raised their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $25.50.

USA Compression Partners Trading Up 0.9%

Shares of NYSE USAC traded up $0.22 during midday trading on Thursday, hitting $23.95. 88,884 shares of the company's stock were exchanged, compared to its average volume of 296,474. The business's fifty day moving average price is $24.23 and its two-hundred day moving average price is $25.04. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 35.70 and a beta of 0.40. USA Compression Partners, LP has a 12-month low of $21.24 and a 12-month high of $30.10.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The company had revenue of $250.13 million for the quarter, compared to analysts' expectations of $246.99 million. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%. Equities analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date was Monday, July 28th. USA Compression Partners's payout ratio is presently 313.43%.

USA Compression Partners 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.