EIG veteran equity aggregator sells over $529k in USA Compression Partners units By Investing.com

In a recent transaction, EIG Veteran Equity Aggregator, L.P., a significant shareholder in USA Compression Partners, LP (NYSE:), has sold a portion of its holdings in the company. The transaction involved the sale of 21,063 common units at prices ranging from $24.0063 to $24.0084 per share, totaling approximately $529,668.

The sales took place on May 24 and May 28, according to the latest filings. On the first date, 13,879 units were sold, followed by a further 8,184 units on the latter date. These transactions have adjusted EIG Veteran Equity Aggregator’s ownership in USA Compression Partners, with the partnership now holding 5,563,571 units after the sales.

USA Compression Partners, LP, which is involved in transmission, has seen its common units actively traded by significant stakeholders. The recent sales by EIG Veteran Equity Aggregator, L.P. are part of the normal course of investment management activities for such entities.

Investors often monitor the buying and selling activities of significant shareholders for insights into a company’s financial health and the confidence level of those with substantial stakes in the firm. The disclosed sales represent a minor change in EIG Veteran Equity Aggregator’s position, indicating a rebalancing rather than a wholesale shift in their investment posture.

The transactions were signed off by Matthew Hartman, Managing Director, and Nick Williams, Senior Vice President, on behalf of EIG Asset Management, LLC, the managing member of EIG Veteran Equity Aggregator’s general partner.

Shareholders and potential investors in USA Compression Partners can stay informed about further transactions through future filings and disclosures from the company and its significant shareholders.

InvestingPro Insights

The recent sale of shares by EIG Veteran Equity Aggregator, L.P. in USA Compression Partners, LP (NYSE:USAC) may have caught the eye of market watchers, but a deeper dive into the company’s metrics through InvestingPro provides a broader context for evaluating its current market position. The company boasts a market capitalization of approximately $2.81 billion, suggesting a significant presence in its sector. With a P/E ratio of 58.54, which adjusts slightly to 57.7 when considering the last twelve months as of Q1 2024, USAC appears to be trading at a high earnings multiple.

InvestingPro Tips suggest that while USAC operates with a significant debt burden, its net income is expected to grow this year. The company also pays a significant dividend to shareholders, with a noteworthy dividend yield of 8.74% as of mid-April 2024. This aligns with their history of maintaining dividend payments for 7 consecutive years, underlining a commitment to returning value to investors. For those interested in further detailed analysis, there are an additional 11 InvestingPro Tips available for USAC, which can be accessed at Investing.com. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

Additional InvestingPro Data reveals that USAC has experienced an 18.96% revenue growth in the last twelve months as of Q1 2024, with a gross profit margin of 67.05%, indicating strong profitability potential. This is complemented by an operating income margin of 29.6%, showcasing efficient management of its operations. These financial health indicators could be of particular interest to investors following the recent insider transactions.

As shareholders and potential investors consider the implications of EIG Veteran Equity Aggregator’s recent sale, the InvestingPro platform offers comprehensive data and insights to inform their investment decisions regarding USA Compression Partners.

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