USA Compression Partners LP (NYSE:USAC) Insider Eric D. Long Sells 3,117 Shares

USA Compression Partners LP (NYSE:USACGet Rating) insider Eric D. Long sold 3,117 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $18.82, for a total value of $58,661.94. Following the completion of the sale, the insider now owns 532,316 shares of the company’s stock, valued at $10,018,187.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

USA Compression Partners Stock Performance

NYSE USAC opened at $18.09 on Friday. USA Compression Partners LP has a 1 year low of $14.21 and a 1 year high of $20.14. The business’s fifty day moving average is $18.18 and its two-hundred day moving average is $17.83. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 48.61.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 24th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 11.61%. USA Compression Partners’s dividend payout ratio is currently -874.96%.

Institutional Trading of USA Compression Partners

Several large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in shares of USA Compression Partners by 13.7% in the first quarter. Advisor Group Holdings Inc. now owns 256,688 shares of the oil and gas company’s stock worth $4,521,000 after acquiring an additional 30,866 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of USA Compression Partners in the first quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of USA Compression Partners in the first quarter worth $14,012,000. HighTower Advisors LLC increased its stake in shares of USA Compression Partners by 38.8% in the first quarter. HighTower Advisors LLC now owns 18,250 shares of the oil and gas company’s stock worth $321,000 after acquiring an additional 5,102 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of USA Compression Partners by 6.3% in the first quarter. Cetera Advisors LLC now owns 14,842 shares of the oil and gas company’s stock worth $261,000 after acquiring an additional 884 shares during the last quarter. 22.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho upped their target price on USA Compression Partners from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 8th. StockNews.com began coverage on USA Compression Partners in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

About USA Compression Partners

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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.

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