Spirit of America Management Corp NY Decreases Stock Position in USA Compression Partners LP (NYSE:USAC)

Spirit of America Management Corp NY decreased its stake in shares of USA Compression Partners LP (NYSE:USAC) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,284 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in USA Compression Partners were worth $124,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Infrastructure Capital Advisors LLC grew its position in shares of USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after buying an additional 25,439 shares in the last quarter. Americana Partners LLC purchased a new position in USA Compression Partners in the third quarter worth approximately $322,000. Chicago Partners Investment Group LLC grew its holdings in USA Compression Partners by 20.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company’s stock worth $1,663,000 after acquiring an additional 12,978 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of USA Compression Partners in the 3rd quarter valued at approximately $279,000. Finally, Spring Capital Management LLC acquired a new stake in shares of USA Compression Partners in the 4th quarter valued at $283,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Price Performance

NYSE USAC opened at $28.31 on Thursday. USA Compression Partners LP has a 12 month low of $21.06 and a 12 month high of $28.50. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 49.67 and a beta of 1.34. The firm’s fifty day moving average price is $24.12 and its 200 day moving average price is $23.10.

USA Compression Partners (NYSE:USAC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The firm had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same quarter last year, the firm posted $0.09 EPS. As a group, sell-side analysts forecast that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a yield of 7.42%. USA Compression Partners’s dividend payout ratio is presently 368.43%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho increased their target price on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price objective on shares of USA Compression Partners in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.