Insider Buying: James R. Larson Purchases 1,000 Shares of Compressco Partners Stock (GSJK)
Compressco Partners (NASDAQ:GSJK) Director James R. Larson acquired 1,000 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $23.50 per share, with a total value of $23,500.00. Following the completion of the purchase, the director now directly owns 16,083 shares of the company’s stock, valued at approximately $377,951. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
GSJK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Compressco Partners from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $28.10 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Compressco Partners in a research note on Monday, June 23rd. They now have a $27.00 price target on the stock, up previously from $26.00.
Shares of Compressco Partners (NASDAQ:GSJK) opened at 22.25 on Thursday. Compressco Partners has a 52 week low of $18.07 and a 52 week high of $31.00. The stock has a 50-day moving average of $25.74 and a 200-day moving average of $24.96. The company has a market cap of $346.1 million and a price-to-earnings ratio of 20.51.
Compressco Partners (NASDAQ:GSJK) last released its earnings data on Thursday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. On average, analysts predict that Compressco Partners will post $1.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, July 21st will be given a dividend of $0.4525 per share. This represents a $1.81 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend is Thursday, July 17th. This is an increase from Compressco Partners’s previous quarterly dividend of $0.45.
Compressco Partners, L.P. is a provider of wellhead compression-based production enhancement services (NASDAQ:GSJK).
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