EIG Veteran Equity Aggregator, L.P., a significant stakeholder in USA Compression Partners, LP (NYSE:USAC), has recently sold a substantial number of common units in the company. The transactions, executed over a span of three days, resulted in the sale of 55,848 common units, with the total sale amount exceeding $1.37 million.
Details of the transactions, which took place between May 7 and May 9, 2024, reveal that the units were sold at prices ranging from $24.8711 to $25.1417. On May 7, EIG Veteran Equity Aggregator offloaded 24,565 units at $24.8711 each. The following day, an additional 20,570 units were sold at a slightly higher price of $25.0368 per unit. The sales concluded on May 9 with 9,713 units being disposed of at $25.1417 each.
After these transactions, EIG Veteran Equity Aggregator's holdings in USA Compression Partners decreased to 5,827,680 common units. The sales were carried out directly by the equity aggregator, indicating a direct ownership in the units sold.
Investors often monitor such sales closely as they may provide insights into the stakeholder's view of the company's current valuation and future prospects. USA Compression Partners, LP, is known for its role in natural gas transmission and is followed by investors interested in the energy and transportation sectors.
These recent sales by EIG Veteran Equity Aggregator, L.P. represent a notable change in their investment in USA Compression Partners, and the market will be watching closely to see how this impacts the company's stock performance in the coming days.
InvestingPro Insights
USA Compression Partners, LP (NYSE:USAC) has been in the spotlight following significant transactions by a major stakeholder, prompting investors to take a closer look at the company’s financial metrics and market performance. According to InvestingPro data, USA Compression Partners has a market capitalization of approximately $2.58 billion, and it has shown a robust revenue growth of 18.96% over the last twelve months as of Q1 2024.
InvestingPro Tips suggest that USA Compression Partners is expected to see net income growth this year, which could be an encouraging sign for investors considering the company's future profitability. Additionally, the company's stock is currently trading at a low P/E ratio relative to near-term earnings growth, which might indicate that it is undervalued by the market.
For dividend-seeking investors, USA Compression Partners pays a significant dividend with a yield of 8.38%, and it has maintained dividend payments for 7 consecutive years, demonstrating a commitment to returning value to shareholders.
Investors can access additional insights and metrics on USA Compression Partners by visiting https://www.investing.com/pro/USAC, where they will find a comprehensive list of 9 additional InvestingPro Tips. For those looking to deepen their analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As the market assesses the implications of the recent stakeholder sales, these financial metrics and InvestingPro Tips could provide valuable context for understanding USA Compression Partners' current position and future outlook.
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