Riggs Asset Managment Co. Inc. Buys New Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Riggs Asset Managment Co. Inc. acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,721 shares of the basic materials company's stock, valued at approximately $501,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in Uranium Energy in the second quarter valued at about $26,000. EntryPoint Capital LLC grew 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 worth $29,000 after buying an additional 3,905 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $68,000. Blackhawk Capital Partners LLC. purchased a new stake in Uranium Energy during the second quarter valued at approximately $69,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Uranium Energy in the first quarter valued at approximately $75,000. 62.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uranium Energy

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

Uranium Energy Stock Performance

NYSEAMERICAN:UEC traded up $0.29 during trading hours on Monday, reaching $8.02. The company had a trading volume of 5,991,425 shares, compared to its average volume of 7,549,204. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -133.64 and a beta of 1.84. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.67. The stock has a 50 day moving average price of $6.36.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UEC shares. HC Wainwright reiterated a "buy" rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm reaffirmed a "buy" rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Profile

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.