Rothschild Investment Corp IL bought a new stake in Hi-Crush Partners LP (NYSE:HCLP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,098 shares of the basic materials company’s stock, valued at approximately $32,000.
A number of other large investors have also recently bought and sold shares of HCLP. Steward Partners Investment Advisory LLC acquired a new position in Hi-Crush Partners in the 1st quarter valued at about $44,000. Moors & Cabot Inc. purchased a new stake in shares of Hi-Crush Partners in the 1st quarter valued at approximately $52,000. Hsbc Holdings PLC purchased a new stake in shares of Hi-Crush Partners in the 4th quarter valued at approximately $58,000. Sage Capital Advisors llc raised its stake in shares of Hi-Crush Partners by 97.2% in the 1st quarter. Sage Capital Advisors llc now owns 15,897 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 7,835 shares during the period. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Hi-Crush Partners in the 4th quarter valued at approximately $97,000. Institutional investors own 5.28% of the company’s stock.
In other news, CEO Robert E. Rasmus acquired 100,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $1.63 per share, with a total value of $163,000.00. Following the transaction, the chief executive officer now owns 122,189 shares in the company, valued at approximately $199,168.07. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Laura C. Fulton acquired 25,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was purchased at an average cost of $1.62 per share, for a total transaction of $40,500.00. Following the completion of the transaction, the chief financial officer now owns 379,019 shares in the company, valued at approximately $614,010.78. The disclosure for this purchase can be found here. 34.80% of the stock is owned by corporate insiders.
Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Tuesday, May 7th. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Hi-Crush Partners had a return on equity of 10.24% and a net margin of 9.99%. The business had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $180.20 million. During the same period in the previous year, the company earned $0.59 earnings per share. Hi-Crush Partners’s quarterly revenue was down 26.7% on a year-over-year basis. On average, analysts anticipate that Hi-Crush Partners LP will post -0.04 EPS for the current year.
HCLP has been the topic of a number of research analyst reports. AltaCorp Capital raised shares of Hi-Crush Partners from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 10th. Barclays reissued a “hold” rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a research note on Tuesday, April 2nd. Finally, Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Hi-Crush Partners currently has a consensus rating of “Hold” and a consensus price target of $9.04.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.
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