Intrinsic Edge Capital Management LLC acquired a new position in shares of CSI Compressco LP (NASDAQ:CCLP) in the 4th quarter, Holdings Channel reports. The fund acquired 200,000 shares of the oil and gas company’s stock, valued at approximately $464,000.
Several other large investors also recently bought and sold shares of CCLP. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of CSI Compressco during the fourth quarter worth $446,000. FMR LLC lifted its stake in shares of CSI Compressco by 11.4% during the third quarter. FMR LLC now owns 1,580,054 shares of the oil and gas company’s stock worth $8,137,000 after buying an additional 161,467 shares during the period. WealthTrust Axiom LLC lifted its stake in shares of CSI Compressco by 26.1% during the fourth quarter. WealthTrust Axiom LLC now owns 444,400 shares of the oil and gas company’s stock worth $1,031,000 after buying an additional 91,900 shares during the period. Raymond James & Associates lifted its stake in shares of CSI Compressco by 53.5% during the fourth quarter. Raymond James & Associates now owns 216,915 shares of the oil and gas company’s stock worth $503,000 after buying an additional 75,611 shares during the period. Finally, Huber Capital Management LLC acquired a new stake in shares of CSI Compressco during the third quarter worth $364,000. Institutional investors and hedge funds own 31.19% of the company’s stock.
Several equities research analysts have recently commented on CCLP shares. Zacks Investment Research upgraded shares of CSI Compressco from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Tuesday, November 20th. Raymond James downgraded shares of CSI Compressco from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 13th. Finally, ValuEngine downgraded shares of CSI Compressco from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. CSI Compressco currently has a consensus rating of “Hold” and an average price target of $5.92.
NASDAQ CCLP opened at $2.90 on Friday. The firm has a market cap of $138.11 million, a P/E ratio of -3.37 and a beta of 2.26. CSI Compressco LP has a 1 year low of $2.10 and a 1 year high of $7.67. The company has a debt-to-equity ratio of 9.39, a current ratio of 1.61 and a quick ratio of 0.92.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Friday, February 1st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. CSI Compressco’s dividend payout ratio is presently -4.65%.
CSI Compressco Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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