B. Riley Wealth Management Inc. lessened its stake in shares of Hi-Crush Partners LP (NYSE:HCLP) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,800 shares of the basic materials company’s stock after selling 5,920 shares during the quarter. B. Riley Wealth Management Inc.’s holdings in Hi-Crush Partners were worth $42,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. bought a new stake in Hi-Crush Partners during the 4th quarter valued at approximately $4,533,000. Allianz Asset Management GmbH bought a new stake in Hi-Crush Partners during the 3rd quarter valued at approximately $10,992,000. First Republic Investment Management Inc. boosted its stake in Hi-Crush Partners by 1,251.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 497,293 shares of the basic materials company’s stock valued at $5,371,000 after purchasing an additional 460,503 shares during the period. HRT Financial LLC bought a new stake in Hi-Crush Partners during the 4th quarter valued at approximately $339,000. Finally, Inlet Private Wealth LLC bought a new stake in Hi-Crush Partners during the 4th quarter valued at approximately $309,000. Institutional investors own 8.33% of the company’s stock.
Shares of NYSE:HCLP traded down $0.10 during midday trading on Friday, hitting $4.08. The company had a trading volume of 397,533 shares, compared to its average volume of 671,274. Hi-Crush Partners LP has a 12 month low of $3.19 and a 12 month high of $16.65. The company has a quick ratio of 1.48, a current ratio of 1.85 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $412.33 million, a P/E ratio of 2.74 and a beta of 1.97.
Several equities analysts have commented on the company. Zacks Investment Research raised Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. UBS Group set a $4.00 price target on Hi-Crush Partners and gave the company a “hold” rating in a report on Monday, January 14th. R. F. Lafferty cut Hi-Crush Partners from a “buy” rating to a “hold” rating and dropped their price target for the company from $10.00 to $4.00 in a report on Monday, January 7th. B. Riley reaffirmed a “neutral” rating and set a $6.50 price target (down from $10.00) on shares of Hi-Crush Partners in a report on Tuesday, January 8th. Finally, Jefferies Financial Group reaffirmed a “sell” rating on shares of Hi-Crush Partners in a report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Hi-Crush Partners has an average rating of “Hold” and an average target price of $9.29.
Hi-Crush Partners 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.
Further Reading: Convertible Shares
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