Uranium Energy Corp. (NYSEAMERICAN:UEC) EVP Scott Melbye Buys 9,500 Shares

Uranium Energy Corp. (NYSEAMERICAN:UEC) EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired 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 in the company, valued at $4,129,969.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Uranium Energy Price Performance

UEC traded down $0.35 during trading on Friday, reaching $4.24. 12,176,271 shares of the company’s stock were exchanged, compared to its average volume of 7,170,735. The company has a market cap of $1.73 billion, a P/E ratio of -140.33 and a beta of 1.84. The firm has a 50 day moving average of $6.60. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Sell-side analysts anticipate that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UEC. Roth Mkm reaffirmed a “buy” rating and set a $9.00 target price on shares of Uranium Energy in a research report on Wednesday, August 14th. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.35.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in UEC. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy during the second quarter worth $26,000. EntryPoint Capital LLC raised its stake in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 3,905 shares during the last quarter. CWM LLC raised its position in Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 1,776 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Uranium Energy during the fourth quarter valued at $64,000. Finally, Parallel Advisors LLC boosted its holdings 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 valued at $66,000 after acquiring an additional 2,923 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.