Hennion & Walsh Asset Management Inc. Raises Stake in Ur Energy Inc $URG

Hennion & Walsh Asset Management Inc. lifted its position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 183.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 619,031 shares of the basic materials company’s stock after purchasing an additional 400,881 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Ur Energy were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bravias Capital Group LLC bought a new position in Ur Energy in the 3rd quarter worth $27,000. Stratos Wealth Advisors LLC bought a new stake in Ur Energy during the third quarter valued at about $32,000. Gabelli Funds LLC purchased a new position in shares of Ur Energy in the third quarter valued at about $36,000. Envestnet Asset Management Inc. bought a new position in shares of Ur Energy in the second quarter worth about $38,000. Finally, Creative Planning purchased a new stake in shares of Ur Energy during the second quarter worth about $47,000. 57.51% of the stock is currently owned by institutional investors.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.52 on Friday. The company has a market cap of $603.94 million, a price-to-earnings ratio of -7.60 and a beta of 0.84. Ur Energy Inc has a 1 year low of $0.55 and a 1 year high of $2.35. The stock’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $1.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 4.56.

Wall Street Analyst Weigh In

A number of research firms recently commented on URG. HC Wainwright lowered their price target on Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a report on Thursday, March 12th. Canaccord Genuity Group initiated coverage on shares of Ur Energy in a report on Thursday. They issued a “buy” rating and a $3.25 target price on the stock. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, Ur Energy currently has an average rating of “Buy” and a consensus price target of $2.50.

Insiders Place Their Bets

In other Ur Energy news, VP Jade Walle purchased 107,900 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the purchase, the vice president directly owned 251,900 shares in the company, valued at $350,141. This trade represents a 74.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.86% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.