SeaCrest Wealth Management LLC Acquires Shares of 9,800 USA Compression Partners LP (NYSE:USAC)

SeaCrest Wealth Management LLC purchased a new position in shares of USA Compression Partners LP (NYSE:USAC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,800 shares of the oil and gas company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in USA Compression Partners during the 4th quarter worth approximately $95,000. Broadway Wealth Solutions Inc. purchased a new position in USA Compression Partners in the fourth quarter worth approximately $201,000. TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners in the 4th quarter valued at $205,000. SVB Wealth LLC purchased a new stake in shares of USA Compression Partners during the 4th quarter worth $207,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of USA Compression Partners during the 4th quarter worth $207,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 10,000 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $23.50 per share, with a total value of $235,000.00. Following the transaction, the director now owns 23,616 shares of the company's stock, valued at approximately $554,976. This trade represents a 73.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

USA Compression Partners Trading Up 0.6%

Shares of NYSE USAC traded up $0.16 during mid-day trading on Thursday, reaching $25.37. The company had a trading volume of 174,198 shares, compared to its average volume of 346,007. The firm has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $25.17. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $30.10. The stock has a market cap of $2.98 billion, a P/E ratio of 34.75 and a beta of 0.40.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. The firm had revenue of $245.23 million for the quarter, compared to analysts' expectations of $244.79 million. On average, equities analysts expect that USA Compression Partners LP will post 1.05 EPS for the current year.

USA Compression Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Monday, April 28th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.28%. This is a boost from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, April 28th. USA Compression Partners's payout ratio is presently 308.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Citigroup increased their price objective on USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.00.

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.