EIG Veteran Equity Aggregator, L.P., a significant shareholder in USA Compression Partners, LP (NYSE:USAC), has recently sold a portion of its holdings in the company. Over two consecutive days, the limited partnership divested a total of 34,056 common units at prices ranging from $24.1164 to $24.4614 per share, resulting in an aggregate sale value of approximately $826,368.
The first transaction took place on May 15, 2024, with 19,388 common units sold, and the second followed on May 16, 2024, with 14,668 units. After these transactions, EIG Veteran Equity Aggregator's ownership in USA Compression Partners decreased but still remains substantial, with 5,758,843 common units held.
USA Compression Partners, known for its role in natural gas transmission, has seen its share of market fluctuations, and transactions of this nature from significant investors are closely watched by market participants. The sales by EIG Veteran Equity Aggregator might be interpreted in various ways, but they reflect a change in the partnership's investment in the firm.
Investors and analysts often look to the buying and selling activities of major shareholders to gauge market sentiment and potential future performance of a company's stock. The recent sale by EIG Veteran Equity Aggregator, L.P. provides valuable data for those tracking the financial dynamics of USA Compression Partners, LP.
The transactions were disclosed in accordance with SEC regulations, which mandate reporting of such activities by company insiders and major shareholders. The details of the sales, including the exact number of shares and the prices at which they were sold, offer transparency and insight into the actions of significant stakeholders in publicly traded companies.
InvestingPro Insights
Amid the recent transactions by EIG Veteran Equity Aggregator, L.P., investors in USA Compression Partners, LP (NYSE:USAC) have several metrics and trends to consider. The company, with a market capitalization of $2.5 billion, is trading at a forward P/E ratio of 51.88, which suggests expectations of earnings growth, as reflected in a low PEG ratio of 0.13 for the last twelve months as of Q1 2024. This indicates that the company's earnings growth rate is well above its P/E ratio, potentially signaling an undervalued stock relative to its earnings trajectory.
Additionally, USA Compression Partners has demonstrated a robust gross profit margin of 67.05% over the same period, underscoring efficient operations and strong pricing power. Investors seeking income may also be attracted to the company's significant dividend yield of 8.62%, coupled with a track record of maintaining dividend payments for seven consecutive years, a testament to its commitment to shareholder returns.
For those interested in the company's performance and stability, it's worth noting that USAC has been profitable over the last twelve months and has shown a strong return over the last five years. With these insights, investors may find additional value in exploring the full range of InvestingPro Tips available, which include a total of 10 tips for a deeper analysis of USA Compression Partners' financial health and market position. To access these tips and more, investors can visit InvestingPro's dedicated page for USAC and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.