USA Compression Partners LP (NYSE:USAC) Major Shareholder Veteran Equity Aggregator Eig Sells 65,432 Shares

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 65,432 shares of USA Compression Partners stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $24.47, for a total value of $1,601,121.04. Following the completion of the transaction, the insider now directly owns 5,615,347 shares of the company’s stock, valued at $137,407,541.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction of $729,082.96.
• 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 stock was sold at an average price of $24.12, for a total transaction 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 stock was 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 transaction of $147,939,140.64.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $23.99 on Friday. The stock’s 50 day moving average price is $25.63 and its two-hundred day moving average price is $25.07. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 58.51 and a beta of 1.30. USA Compression Partners LP has a 52-week low of $18.48 and a 52-week high of $28.47.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date was Friday, April 19th. USA Compression Partners’s payout ratio is 512.20%.

Analysts Set New Price Targets

A number of research firms recently weighed in on USAC. StockNews.com upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Mizuho lifted their price objective on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Finally, Raymond James lifted their target price on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $24.75.

Institutional Investors Weigh In On USA Compression Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creekmur Asset Management LLC bought a new position in shares of USA Compression Partners during the 4th quarter worth about $46,000. Seelaus Asset Management LLC increased its holdings in shares of USA Compression Partners by 19.5% during the third quarter. Seelaus Asset Management LLC now owns 12,278 shares of the oil and gas company’s stock valued at $293,000 after acquiring an additional 2,000 shares in the last quarter. JNBA Financial Advisors acquired a new position in shares of USA Compression Partners during the fourth quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 2,881 shares in the last quarter. Finally, American Financial Group Inc. raised its holdings in USA Compression Partners by 9.3% during the third quarter. American Financial Group Inc. now owns 35,150 shares of the oil and gas company’s stock worth $839,000 after buying an additional 3,000 shares during the last quarter. 47.77% of the stock is owned by institutional investors.

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.