63,500 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Purchased by Grimes & Company Inc.

Grimes & Company Inc. purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,500 shares of the basic materials company's stock, valued at approximately $394,000.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Uranium Energy by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company's stock worth $142,226,000 after purchasing an additional 967,448 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Uranium Energy during the first quarter worth about $68,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Uranium Energy during the first quarter worth about $425,000. Van ECK Associates Corp raised its position in Uranium Energy by 24.7% in the first quarter. Van ECK Associates Corp now owns 1,690,235 shares of the basic materials company's stock worth $11,409,000 after acquiring an additional 335,063 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Uranium Energy in the first quarter valued at about $88,000. 62.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. 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. 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 bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amir Adnani purchased 60,000 shares of the company's stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. This trade 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 insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UEC. Roth Mkm reiterated a "buy" rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday. HC Wainwright reiterated a "buy" rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC traded down $0.24 during trading on Friday, reaching $7.73. The company had a trading volume of 6,665,443 shares, compared to its average volume of 7,556,764. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.67. The stock has a market cap of $3.18 billion, a PE ratio of -128.73 and a beta of 1.84. The company has a fifty day moving average price of $6.36.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS 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 predict that Uranium Energy Corp. will post 0.09 EPS for the current year.

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.