Driehaus Capital Management LLC Has $54.98 Million Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Driehaus Capital Management LLC increased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,147,972 shares of the basic materials company’s stock after acquiring an additional 90,522 shares during the period. Driehaus Capital Management LLC’s holdings in Uranium Energy were worth $54,979,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC raised its holdings in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Uranium Energy in the fourth quarter valued at approximately $64,000. Parallel Advisors LLC lifted its holdings in Uranium Energy by 39.7% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 2,923 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Uranium Energy during the 1st quarter valued at $68,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in shares of Uranium Energy during the 2nd quarter valued at $69,000. Institutional investors own 62.28% of the company’s stock.

Insider Activity

In related news, EVP Scott Melbye purchased 9,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Scott Melbye bought 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $6.37 on Friday. The business’s fifty day moving average price is $6.44. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.34. The company has a market cap of $2.60 billion, a P/E ratio of -212.17 and a beta of 1.84.

Wall Street Analyst Weigh In

UEC has been the subject of several research reports. HC Wainwright restated a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a research report on Tuesday. Roth Mkm boosted their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.31.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.