Veteran Equity Aggregator Eig Sells 29,446 Shares of USA Compression Partners LP (NYSE:USAC) Stock

USA Compression Partners LP (NYSE:USAC) 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 value of $729,082.96. Following the sale, the insider now directly owns 5,684,870 shares of the company’s stock, valued at approximately $140,757,381.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock 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 shares were 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 shares were 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 value of $244,184.82.
• On Tuesday, May 7th, Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock. The shares were sold at an average price of $24.87, for a total value of $610,931.55.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The shares were sold at an average price of $25.12, for a total value of $147,939,140.64.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $24.20 on Thursday. USA Compression Partners LP has a 1 year low of $18.48 and a 1 year high of $28.47. The company has a market cap of $2.49 billion, a PE ratio of 59.02 and a beta of 1.30. The stock’s 50-day moving average is $25.70 and its 200 day moving average is $25.08.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.68%. USA Compression Partners’s dividend payout ratio is presently 512.20%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on USAC. StockNews.com upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Raymond James lifted their price objective on USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, Mizuho lifted their price objective 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, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, USA Compression Partners presently has an average rating of “Hold” and an average target price of $24.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USAC. JNBA Financial Advisors purchased a new position in USA Compression Partners during the 4th quarter valued at about $46,000. Creekmur Asset Management LLC purchased a new position in USA Compression Partners during the 4th quarter valued at about $46,000. Tower Research Capital LLC TRC boosted its position in USA Compression Partners by 914.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock valued at $73,000 after acquiring an additional 2,881 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in USA Compression Partners during the 4th quarter valued at approximately $207,000. Finally, F&V Capital Management LLC bought a new stake in USA Compression Partners during the 1st quarter valued at approximately $209,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Company 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.