Lafitte Capital Management LP raised its position in Hi-Crush Partners LP (NYSE:HCLP) by 24.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,100,000 shares of the basic materials company’s stock after acquiring an additional 600,000 shares during the period. Hi-Crush Partners comprises 13.7% of Lafitte Capital Management LP’s portfolio, making the stock its 4th biggest position. Lafitte Capital Management LP’s holdings in Hi-Crush Partners were worth $33,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its stake in Hi-Crush Partners by 167.4% in the 4th quarter. Guggenheim Capital LLC now owns 323,399 shares of the basic materials company’s stock valued at $3,461,000 after acquiring an additional 202,447 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Hi-Crush Partners by 27.0% during the 4th quarter. Advisor Group Inc. now owns 20,047 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 4,267 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Hi-Crush Partners during the 4th quarter worth approximately $642,000. Virtu Financial LLC raised its stake in shares of Hi-Crush Partners by 56.5% during the 4th quarter. Virtu Financial LLC now owns 50,784 shares of the basic materials company’s stock worth $543,000 after purchasing an additional 18,327 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of Hi-Crush Partners by 44.8% during the 4th quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 7,513 shares in the last quarter. Hedge funds and other institutional investors own 34.11% of the company’s stock.

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Hi-Crush Partners LP (NYSE:HCLP) opened at $12.85 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.53 and a current ratio of 1.99. The firm has a market capitalization of $1,136.41, a P/E ratio of 14.28 and a beta of 1.10. Hi-Crush Partners LP has a 1-year low of $7.25 and a 1-year high of $18.25.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, January 31st. This is a positive change from Hi-Crush Partners’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.23%. Hi-Crush Partners’s payout ratio is presently 88.89%.

A number of brokerages have recently issued reports on HCLP. Zacks Investment Research cut Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Piper Jaffray Companies set a $12.00 price objective on Hi-Crush Partners and gave the stock a “buy” rating in a research note on Friday, December 29th. Seaport Global Securities began coverage on Hi-Crush Partners in a research note on Friday, December 8th. They set a “buy” rating and a $17.00 price objective on the stock. B. Riley began coverage on Hi-Crush Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, ValuEngine cut Hi-Crush Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Hi-Crush Partners has an average rating of “Buy” and a consensus target price of $16.66.

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About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

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Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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