In a recent transaction, Sean T. Kimble, Vice President of Human Resources at USA Compression Partners, LP (NYSE:USAC), sold 22,918 common units of the company's stock, totaling approximately $631,161. The sale took place on March 13, 2024, with the weighted average unit price for the shares sold being $27.54.
The transaction was disclosed in a regulatory filing with the Securities and Exchange Commission. According to the filing, the shares were sold in a price range from $27.36 to $27.72. Following the sale, Mr. Kimble retains ownership of 50,000 common units of USA Compression Partners.
USA Compression Partners, LP, headquartered in Austin, Texas, operates in the natural gas transmission industry. The company is managed by the directors and executive officers of its general partner, USA Compression GP, LLC, where Mr. Kimble serves as the Vice President of Human Resources.
Investors and the market at large often pay close attention to insider sales like these, as they can provide insight into an insider's perspective on the company's current valuation and future prospects. However, it's important to note that there can be many reasons for an insider to sell stock, ranging from personal financial planning to diversification strategies, and such transactions do not necessarily indicate a negative outlook on the company's future.
InvestingPro Insights
USA Compression Partners, LP (NYSE:USAC) has been a topic of interest following the recent insider sale by Sean T. Kimble. To provide a deeper understanding of the company's financial health and market position, here are some key metrics and insights from InvestingPro:
The company currently holds a Market Cap of approximately $2.86 billion USD. In terms of profitability, USAC has a Price-to-Earnings (P/E) Ratio of 132.74, which adjusts to a slightly lower 122.45 when looking at the last twelve months as of Q4 2023. This high earnings multiple suggests investors have high expectations for future earnings growth. Indeed, the company's P/E ratio is low relative to near-term earnings growth, with a PEG Ratio for the same period standing at 0.67, indicating potential for growth when considering the earnings outlook.
InvestingPro Tips highlight that USAC is not only trading near its 52-week high, with the price at 97.36% of this peak, but has also provided a strong return over the last year, with a one-year price total return of 50.69%. Additionally, the company pays a significant dividend to shareholders, with a robust Dividend Yield of 7.7%, and has maintained these dividend payments for seven consecutive years.
For investors seeking more comprehensive analysis and additional insights, there are a total of 13 InvestingPro Tips available, which delve further into the company's performance and valuation. When subscribing to the InvestingPro service, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and unlock a wealth of data-driven insights to inform your investment decisions.
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