Riverwater Partners LLC Invests $2.34 Million in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Riverwater Partners LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 344,289 shares of the basic materials company's stock, valued at approximately $2,341,000. Uranium Energy accounts for approximately 1.2% of Riverwater Partners LLC's holdings, making the stock its 18th largest holding. Riverwater Partners LLC owned approximately 0.08% of Uranium Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. EntryPoint Capital LLC raised its position in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock valued at $29,000 after buying an additional 3,905 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy during the second quarter valued at approximately $26,000. Kingswood Wealth Advisors LLC bought a new stake in Uranium Energy during the first quarter worth $68,000. Janney Montgomery Scott LLC acquired a new stake in shares of Uranium Energy in the 1st quarter valued at $75,000. Finally, Blackhawk Capital Partners LLC. bought a new position in shares of Uranium Energy in the 2nd quarter valued at $69,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Up 2.1 %

Shares of UEC traded up $0.17 during trading hours on Thursday, hitting $7.94. 5,521,491 shares of the stock were exchanged, compared to its average volume of 7,560,974. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.67. The business's 50-day simple moving average is $6.36. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -131.81 and a beta of 1.84.

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

Analyst Upgrades and Downgrades

UEC has been the topic of several research reports. Roth Mkm reaffirmed a "buy" rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a report on Wednesday. HC Wainwright reaffirmed a "buy" rating and set a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, September 24th.

Insider Activity

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

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.