54,394 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Purchased by DRW Securities LLC

DRW Securities LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,394 shares of the basic materials company’s stock, valued at approximately $329,000.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC raised its position in Uranium Energy by 897.7% during 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 in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Uranium Energy during the 4th quarter valued at about $64,000. Kingswood Wealth Advisors LLC bought a new stake in Uranium Energy in the 1st quarter worth approximately $68,000. Parallel Advisors LLC boosted its stake in Uranium Energy by 39.7% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after buying an additional 2,923 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Uranium Energy during the first quarter valued at approximately $75,000. Institutional investors own 62.28% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UEC shares. Roth Mkm restated a “buy” rating and issued a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. HC Wainwright reissued a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.19.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $6.19 on Tuesday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.34. The company’s 50-day moving average is $6.47. The stock has a market capitalization of $2.53 billion, a PE ratio of -206.33 and a beta of 1.84.

Uranium Energy Company 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.