Evergreen Capital Management LLC lifted its holdings in shares of Hi-Crush Partners LP (NYSE:HCLP) by 17.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 104,710 shares of the basic materials company’s stock after acquiring an additional 15,350 shares during the period. Evergreen Capital Management LLC owned approximately 0.12% of Hi-Crush Partners worth $995,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Strid Group LLC bought a new position in Hi-Crush Partners during the 2nd quarter valued at about $109,000. S. Muoio & CO. LLC bought a new position in Hi-Crush Partners during the 2nd quarter valued at about $111,000. Bank of New York Mellon Corp bought a new position in Hi-Crush Partners during the 1st quarter valued at about $209,000. Pinnacle Associates Ltd. bought a new position in Hi-Crush Partners during the 2nd quarter valued at about $157,000. Finally, Hodges Capital Management Inc. bought a new position in Hi-Crush Partners during the 2nd quarter valued at about $163,000. 44.01% of the stock is owned by institutional investors.

Hi-Crush Partners LP (NYSE:HCLP) traded up $0.12 on Tuesday, reaching $10.08. 264,475 shares of the company’s stock traded hands, compared to its average volume of 1,862,868. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market cap of $905.76, a PE ratio of 31.41 and a beta of 1.02. Hi-Crush Partners LP has a 52-week low of $7.25 and a 52-week high of $23.30.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $167.58 million during the quarter, compared to analyst estimates of $168.95 million. Hi-Crush Partners had a net margin of 7.09% and a return on equity of 5.01%. The company’s revenue was up 259.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) EPS. sell-side analysts expect that Hi-Crush Partners LP will post 0.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.96%. The ex-dividend date was Monday, October 30th. Hi-Crush Partners’s payout ratio is presently 187.50%.

Hi-Crush Partners announced that its board has authorized a stock repurchase plan on Tuesday, October 17th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

HCLP has been the subject of several analyst reports. Jefferies Group set a $15.00 price target on shares of Hi-Crush Partners and gave the company a “buy” rating in a report on Monday, August 28th. Cowen reissued a “buy” rating and set a $12.00 price target on shares of Hi-Crush Partners in a report on Sunday, September 17th. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of Hi-Crush Partners from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Piper Jaffray Companies initiated coverage on shares of Hi-Crush Partners in a report on Monday, September 25th. They set an “overweight” rating and a $11.75 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.60.

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About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

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

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