Penbrook Management LLC Has $1.35 Million Stock Holdings in USA Compression Partners LP (NYSE:USAC)

Penbrook Management LLC lowered its stake in USA Compression Partners LP (NYSE:USAC) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,476 shares of the oil and gas company’s stock after selling 10,300 shares during the quarter. USA Compression Partners comprises approximately 0.8% of Penbrook Management LLC’s holdings, making the stock its 24th largest holding. Penbrook Management LLC’s holdings in USA Compression Partners were worth $1,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in USA Compression Partners during the 4th quarter worth $46,000. Seelaus Asset Management LLC increased its holdings in 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 worth $293,000 after buying an additional 2,000 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of USA Compression Partners in the 4th quarter valued at about $46,000. Tower Research Capital LLC TRC lifted its position in shares of 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 valued at $73,000 after buying an additional 2,881 shares during the last quarter. Finally, F&V Capital Management LLC bought a new position in USA Compression Partners during the first quarter worth $209,000. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Price Performance

NYSE:USAC traded up $0.07 during trading hours on Tuesday, reaching $23.72. 155,977 shares of the company were exchanged, compared to its average volume of 407,839. The company has a market capitalization of $2.44 billion, a P/E ratio of 57.73 and a beta of 1.33. The business has a 50 day moving average of $24.17 and a 200 day moving average of $24.94. USA Compression Partners LP has a 1-year low of $19.40 and a 1-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 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. USA Compression Partners had a negative return on equity of 31.50% and a net margin of 9.21%. The firm had revenue of $229.28 million during the quarter, compared to analysts’ expectations of $226.43 million. As a group, equities research analysts anticipate that USA Compression Partners LP will post 0.77 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend was Friday, April 19th. USA Compression Partners’s payout ratio is currently 512.20%.

Insider Transactions at USA Compression Partners

In other news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the sale, the insider now directly owns 5,882,528 shares in the company, valued at $147,769,103.36. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the sale, the insider now owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradford D. Whitehurst bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $24.66 per share, for a total transaction of $246,600.00. Following the transaction, the director now directly owns 13,616 shares in the company, valued at $335,770.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 8,904,114 shares of company stock worth $217,621,712.

Analyst Ratings Changes

USAC has been the topic of a number of research reports. Mizuho upgraded shares of USA Compression Partners from an “underperform” rating to a “neutral” rating and upped their price target for the company from $23.00 to $26.00 in a research note on Thursday, May 30th. Raymond James increased their target price 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 report on Thursday, May 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price objective 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.