EIG Veteran Equity Aggregator, L.P., a significant stakeholder in USA Compression Partners, LP (NYSE:USAC), has recently divested a portion of its holdings in the company. According to the latest filings, the limited partnership sold a total of 6,922 common units over two separate transactions. The sales were executed at varying prices, ranging from $24.0081 to $24.1243 per unit, amounting to a total value of approximately $166,631.
The first transaction took place on May 29, 2024, with EIG Veteran Equity Aggregator selling 3,071 common units at a price of $24.0081 each. Following this sale, the firm engaged in another round of selling on May 30, 2024, where it disposed of 3,851 units at an increased price of $24.1243 per share. Post (NYSE:POST) these transactions, the reporting owner's remaining stake in USA Compression Partners consists of 5,556,649 common units.
Investors often monitor such sales by significant shareholders as they may signal their confidence in the company's future prospects. However, it's important to note that the reasons behind the sales can vary and may not necessarily reflect the seller's outlook on the company's financial health or performance.
USA Compression Partners, LP, headquartered in Austin, Texas, operates in the natural gas transmission industry. The company specializes in providing compression services to natural gas and oil producers, processors, gatherers, and transporters.
EIG Veteran Equity Aggregator, L.P. is known to be a ten-percent owner of USA Compression Partners, which indicates their substantial investment in the company. The details of these transactions were made public through the required regulatory filings with the Securities and Exchange Commission.
Investors and market watchers will likely keep an eye on future filings to gauge the investment patterns of significant stakeholders like EIG Veteran Equity Aggregator and assess the potential impact on USA Compression Partners' stock performance.
InvestingPro Insights
As stakeholders of USA Compression Partners, LP (NYSE:USAC) evaluate the recent sale of common units by EIG Veteran Equity Aggregator, L.P., it's crucial to consider the company's financial health and market performance. InvestingPro data shows that USA Compression Partners has a market capitalization of approximately $2.79 billion, with a notable revenue growth of 18.96% over the last twelve months as of Q1 2024. This growth is also reflected in the quarterly figures, with a 16.31% increase in Q1 2024.
Despite the recent sale by EIG Veteran Equity Aggregator, L.P., USA Compression Partners has been maintaining a solid dividend yield, standing at 8.79% as of the latest data, and has consistently paid dividends for 7 consecutive years. This commitment to returning value to shareholders is further underscored by the company's significant dividend payments, a factor that might reassure investors looking for steady income streams.
Moreover, an InvestingPro Tip suggests that USA Compression Partners is expected to see net income growth this year. Additionally, while the company is trading at a high earnings multiple with a P/E ratio of 58.88, it is also trading at a low P/E ratio relative to its near-term earnings growth, indicating potential for those earnings to catch up with the company’s valuation. For investors interested in further analysis and tips, InvestingPro offers additional insights, including a total of 12 InvestingPro Tips for USA Compression Partners, which can be accessed at: https://www.investing.com/pro/USAC. To enrich your investment strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As the market processes the implications of EIG Veteran Equity Aggregator's divestment, these financial metrics and insights from InvestingPro may provide a more comprehensive understanding of USA Compression Partners' standing and future outlook.
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