Pallas Capital Advisors LLC Makes New $84,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Pallas Capital Advisors LLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,526 shares of the basic materials company’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UEC. MMCAP International Inc. SPC raised its position in Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after acquiring an additional 4,306,240 shares during the period. Rokos Capital Management LLP bought a new stake in shares of Uranium Energy in the 1st quarter worth approximately $10,396,000. American Century Companies Inc. lifted its stake in Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares during the last quarter. Van ECK Associates Corp grew its holdings in Uranium Energy by 64.8% during the second quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock valued at $16,741,000 after purchasing an additional 1,095,268 shares during the period. Finally, Murchinson Ltd. purchased a new stake in Uranium Energy in the first quarter worth $6,750,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Down 1.7 %

Uranium Energy stock opened at $7.30 on Friday. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67. The company has a market capitalization of $3.00 billion, a PE ratio of -121.56 and a beta of 1.84. The stock has a fifty day moving average price of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. As a group, equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current year.

Insider Activity at Uranium Energy

In related news, EVP Scott Melbye bought 9,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott Melbye acquired 9,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on UEC. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th.

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.