Oarsman Capital Inc. Makes New Investment in Ur Energy Inc $URG

Oarsman Capital Inc. bought a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,025 shares of the basic materials company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently modified their holdings of URG. CenterBook Partners LP raised its holdings in shares of Ur Energy by 206.0% during the first quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company’s stock worth $8,205,000 after purchasing an additional 8,194,631 shares during the period. Alps Advisors Inc. increased its holdings in shares of Ur Energy by 21.9% in the 1st quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company’s stock worth $27,570,000 after acquiring an additional 7,341,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ur Energy by 22.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company’s stock worth $16,477,000 after acquiring an additional 4,372,738 shares during the period. Anthracite Investment Company Inc. acquired a new stake in shares of Ur Energy in the 2nd quarter worth about $1,395,000. Finally, Nuveen LLC acquired a new stake in shares of Ur Energy in the 1st quarter worth about $539,000. 57.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ur Energy

In related news, COO Steven M. Hatten sold 198,618 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $1.34, for a total value of $266,148.12. Following the completion of the transaction, the chief operating officer owned 324,775 shares in the company, valued at $435,198.50. This represents a 37.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robby Sai Kit Chang sold 213,914 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $1.75, for a total transaction of $374,349.50. Following the completion of the transaction, the director owned 84,179 shares of the company’s stock, valued at $147,313.25. This represents a 71.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 664,619 shares of company stock worth $1,064,004 in the last 90 days. Corporate insiders own 1.86% of the company’s stock.

Ur Energy Stock Performance

Shares of URG opened at $1.67 on Thursday. The firm has a 50-day moving average price of $1.62 and a 200 day moving average price of $1.21. The firm has a market capitalization of $627.67 million, a PE ratio of -9.82 and a beta of 0.96. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 52-week low of $0.55 and a 52-week high of $2.35.

Analyst Ratings Changes

A number of research firms recently weighed in on URG. Northland Capmk raised shares of Ur Energy to a “strong-buy” rating in a report on Sunday. B. Riley increased their price objective on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital increased their price objective on shares of Ur Energy from $1.60 to $1.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Northland Securities began coverage on shares of Ur Energy in a report on Monday. They issued an “outperform” rating and a $2.15 price objective on the stock. Finally, Maxim Group began coverage on shares of Ur Energy in a report on Friday, July 25th. They issued a “buy” rating and a $3.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $2.43.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.