USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells $729,082.96 in Stock

USA Compression Partners LP (NYSE:USAC - Get Free Report) major shareholder Veteran Equity Aggregator Eig sold 29,446 shares of USA Compression Partners stock in a transaction on Monday, May 20th. The shares were sold at an average price of $24.76, for a total transaction of $729,082.96. Following the completion of the sale, the insider now owns 5,684,870 shares in the company, valued at $140,757,381.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Friday, May 17th, Veteran Equity Aggregator Eig sold 44,527 shares of USA Compression Partners stock. The stock was sold at an average price of $24.29, for a total value of $1,081,560.83.
• On Wednesday, May 15th, Veteran Equity Aggregator Eig sold 19,388 shares of USA Compression Partners stock. The shares were sold at an average price of $24.12, for a total value of $467,638.56.
• On Monday, May 13th, Veteran Equity Aggregator Eig sold 6,672 shares of USA Compression Partners stock. The stock was sold at an average price of $24.21, for a total value of $161,529.12.
• On Thursday, May 9th, Veteran Equity Aggregator Eig sold 9,713 shares of USA Compression Partners stock. The shares were sold at an average price of $25.14, for a total transaction of $244,184.82.
• On Tuesday, May 7th, Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock. The stock was sold at an average price of $24.87, for a total transaction of $610,931.55.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64.

USA Compression Partners Stock Down 2.0 %

Shares of NYSE:USAC traded down $0.49 during midday trading on Tuesday, reaching $24.34. The company's stock had a trading volume of 234,971 shares, compared to its average volume of 383,099. USA Compression Partners LP has a twelve month low of $18.48 and a twelve month high of $28.47. The firm has a market capitalization of $2.51 billion, a PE ratio of 59.37 and a beta of 1.30. The stock has a fifty day moving average of $25.82 and a 200 day moving average of $25.10.

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were given a $0.525 dividend. The ex-dividend date was Friday, April 19th. This represents a $2.10 annualized dividend and a yield of 8.63%. USA Compression Partners's dividend payout ratio is presently 512.20%.

Institutional Trading of USA Compression Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JNBA Financial Advisors acquired a new stake in shares of USA Compression Partners in the fourth quarter valued at about $46,000. Creekmur Asset Management LLC acquired a new position in shares of USA Compression Partners during the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC increased its stake in shares of USA Compression Partners by 914.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company's stock worth $73,000 after acquiring an additional 2,881 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of USA Compression Partners during the 4th quarter valued at about $207,000. Finally, F&V Capital Management LLC purchased a new stake in shares of USA Compression Partners in the first quarter valued at about $209,000. Institutional investors and hedge funds own 47.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USAC. Mizuho boosted their target price on USA Compression Partners from $22.00 to $23.00 and gave the company an "underperform" rating in a research report on Wednesday, February 14th. Raymond James increased their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, April 16th. Finally, StockNews.com raised shares of USA Compression Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, USA Compression Partners currently has a consensus rating of "Hold" and an average target price of $24.75.

About USA Compression Partners

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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