Insider Selling: USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells 2,776,383 Shares of Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 2,776,383 shares of USA Compression Partners stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $23.00, for a total value of $63,856,809.00. Following the completion of the sale, the insider now directly owns 2,754,315 shares in the company, valued at $63,349,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Monday, June 10th, Veteran Equity Aggregator Eig sold 11,175 shares of USA Compression Partners stock. The stock was sold at an average price of $24.04, for a total value of $268,647.00.
• On Wednesday, June 5th, Veteran Equity Aggregator Eig sold 1,602 shares of USA Compression Partners stock. The stock was sold at an average price of $24.00, for a total value of $38,448.00.
• On Thursday, May 30th, Veteran Equity Aggregator Eig sold 3,851 shares of USA Compression Partners stock. The stock was sold at an average price of $24.12, for a total value of $92,886.12.
• On Friday, May 24th, Veteran Equity Aggregator Eig sold 13,879 shares of USA Compression Partners stock. The stock was sold at an average price of $24.01, for a total value of $333,234.79.
• On Tuesday, May 28th, Veteran Equity Aggregator Eig sold 8,184 shares of USA Compression Partners stock. The stock was sold at an average price of $24.01, for a total value of $196,497.84.
• On Wednesday, May 22nd, Veteran Equity Aggregator Eig sold 65,432 shares of USA Compression Partners stock. The stock was sold at an average price of $24.47, for a total value of $1,601,121.04.
• On Monday, May 20th, Veteran Equity Aggregator Eig sold 29,446 shares of USA Compression Partners stock. The stock was sold at an average price of $24.76, for a total value of $729,082.96.
• 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 stock was 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.

USA Compression Partners Stock Performance

USAC opened at $24.12 on Thursday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 58.83 and a beta of 1.32. The stock’s 50 day moving average price is $24.38 and its 200-day moving average price is $24.91. USA Compression Partners LP has a one year low of $19.14 and a one year high of $28.47.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, May 7th. The oil and gas company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $229.28 million for the quarter, compared to analysts’ expectations of $226.43 million. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. As a group, analysts predict that USA Compression Partners LP will post 0.77 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Monday, April 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $2.10 annualized dividend and a yield of 8.71%. USA Compression Partners’s dividend payout ratio (DPR) is currently 512.20%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new position in USA Compression Partners in the fourth quarter worth approximately $46,000. Seelaus Asset Management LLC grew its stake in USA Compression Partners by 19.5% in the third quarter. Seelaus Asset Management LLC now owns 12,278 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 2,000 shares in the last quarter. JNBA Financial Advisors bought a new position in USA Compression Partners in the fourth quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its stake in USA Compression Partners by 914.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock worth $73,000 after purchasing an additional 2,881 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in USA Compression Partners by 35.6% in the third quarter. HighTower Advisors LLC now owns 24,394 shares of the oil and gas company’s stock worth $580,000 after purchasing an additional 6,404 shares in the last quarter. Institutional investors own 47.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on USAC. Mizuho raised USA Compression Partners from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $23.00 to $26.00 in a research note on Thursday, May 30th. Raymond James boosted their price objective on USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. StockNews.com raised USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $26.00 target price on shares of USA Compression Partners in a research report on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.50.

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.