Usca Ria LLC Takes $214,000 Position in Hi-Crush Partners LP (HCLP)

Usca Ria LLC acquired a new stake in Hi-Crush Partners LP (NYSE:HCLP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 19,800 shares of the basic materials company’s stock, valued at approximately $214,000.

Several other hedge funds also recently added to or reduced their stakes in HCLP. Raymond James & Associates grew its position in Hi-Crush Partners by 3.7% during the 2nd quarter. Raymond James & Associates now owns 592,703 shares of the basic materials company’s stock worth $6,994,000 after acquiring an additional 21,300 shares during the last quarter. Miller Value Partners LLC grew its position in Hi-Crush Partners by 20.0% during the 2nd quarter. Miller Value Partners LLC now owns 570,000 shares of the basic materials company’s stock worth $6,726,000 after acquiring an additional 95,000 shares during the last quarter. Ardsley Advisory Partners grew its position in Hi-Crush Partners by 8.9% during the 2nd quarter. Ardsley Advisory Partners now owns 490,000 shares of the basic materials company’s stock worth $5,758,000 after acquiring an additional 40,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Hi-Crush Partners by 4.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 312,676 shares of the basic materials company’s stock worth $3,690,000 after acquiring an additional 14,400 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Hi-Crush Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 239,227 shares of the basic materials company’s stock worth $2,823,000 after acquiring an additional 23,590 shares during the last quarter. Institutional investors own 23.89% of the company’s stock.

Shares of HCLP opened at $6.47 on Friday. The firm has a market capitalization of $626.38 million, a price-to-earnings ratio of 6.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.18 and a current ratio of 2.70. Hi-Crush Partners LP has a 52 week low of $6.13 and a 52 week high of $16.65.

Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. The firm had revenue of $213.97 million for the quarter, compared to analyst estimates of $212.11 million. Hi-Crush Partners had a return on equity of 24.52% and a net margin of 21.37%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. Analysts forecast that Hi-Crush Partners LP will post 1.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 13.91%. The ex-dividend date is Wednesday, October 31st. Hi-Crush Partners’s dividend payout ratio (DPR) is currently 89.11%.

A number of equities research analysts recently commented on HCLP shares. Zacks Investment Research lowered Hi-Crush Partners from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. ValuEngine upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. TheStreet upgraded Hi-Crush Partners from a “c+” rating to a “b-” rating in a research report on Friday, July 20th. B. Riley increased their price target on Hi-Crush Partners from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Finally, Jefferies Financial Group lowered Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, July 25th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.73.

In other news, insider William E. Barker sold 9,444 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $12.40, for a total value of $117,105.60. Following the transaction, the insider now owns 17,968 shares of the company’s stock, valued at approximately $222,803.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 34.80% of the company’s stock.

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Hi-Crush Partners Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.

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Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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