USA Compression Partners LP (NYSE:USAC) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY cut its stake in shares of USA Compression Partners LP (NYSE:USAC - Free Report) by 96.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,284 shares of the oil and gas company's stock after selling 152,500 shares during the period. Spirit of America Management Corp NY's holdings in USA Compression Partners were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its position in USA Compression Partners by 0.3% during the first quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company's stock valued at $307,975,000 after purchasing an additional 50,981 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of USA Compression Partners by 42.9% in the third quarter. JPMorgan Chase & Co. now owns 1,385,189 shares of the oil and gas company's stock worth $33,051,000 after buying an additional 415,956 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of USA Compression Partners by 4.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 713,102 shares of the oil and gas company's stock worth $17,015,000 after buying an additional 28,875 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of USA Compression Partners by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company's stock worth $10,577,000 after buying an additional 8,659 shares during the period. Finally, UBS Group AG raised its holdings in shares of USA Compression Partners by 38.1% in the first quarter. UBS Group AG now owns 329,466 shares of the oil and gas company's stock worth $6,962,000 after buying an additional 90,900 shares during the period. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

USA Compression Partners Stock Performance

USAC traded up $0.29 during trading on Monday, hitting $26.96. 173,748 shares of the stock were exchanged, compared to its average volume of 424,470. The firm has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $24.91. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 128.39 and a beta of 1.30. USA Compression Partners LP has a 1 year low of $18.48 and a 1 year high of $28.38.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $225.05 million for the quarter, compared to analysts' expectations of $221.50 million. USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, equities analysts anticipate that USA Compression Partners LP will post 0.57 earnings per share for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Monday, January 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.79%. The ex-dividend date was Friday, January 19th. This is a boost from USA Compression Partners's previous quarterly dividend of $0.51. USA Compression Partners's dividend payout ratio (DPR) is 1,000.05%.

Analyst Upgrades and Downgrades

USAC has been the topic of several recent analyst reports. StockNews.com downgraded USA Compression Partners from a "buy" rating to a "hold" rating in a report on Thursday, January 11th. Mizuho increased their price target on USA Compression Partners from $22.00 to $23.00 and gave the stock an "underperform" rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $23.00.

Insider Buying and Selling at USA Compression Partners

In other USA Compression Partners news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total transaction of $42,210,393.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other USA Compression Partners news, insider Eric D. Long sold 34,866 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the sale, the insider now owns 469,019 shares of the company's stock, valued at approximately $11,509,726.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the firm's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $25.10, for a total value of $42,210,393.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,866,269 shares of company stock valued at $46,746,196.

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.