Advisory Research Inc. boosted its position in shares of American Midstream Partners LP (NYSE:AMID) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,637,219 shares of the pipeline company’s stock after buying an additional 320,050 shares during the quarter. Advisory Research Inc. owned approximately 2.27% of American Midstream Partners worth $21,857,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wesbanco Bank Inc. acquired a new position in American Midstream Partners during the 4th quarter worth $134,000. Sunbelt Securities Inc. acquired a new position in American Midstream Partners during the 3rd quarter worth $147,000. Raymond James Financial Services Advisors Inc. lifted its holdings in American Midstream Partners by 3.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after buying an additional 1,095 shares in the last quarter. Center Coast Capital Advisors LP acquired a new position in American Midstream Partners during the 4th quarter worth $401,000. Finally, Wells Fargo & Company MN lifted its holdings in American Midstream Partners by 81.4% during the 2nd quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after buying an additional 25,718 shares in the last quarter. 43.09% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub cut shares of American Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 13.04%. The ex-dividend date was Tuesday, February 6th. American Midstream Partners’s payout ratio is -217.11%.
In related news, Director Gerald A. Tywoniuk sold 2,925 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $13.26, for a total value of $38,785.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lynn L. Bourdon III acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $12.49 per share, with a total value of $124,900.00. Following the transaction, the chairman now owns 150,842 shares in the company, valued at $1,884,016.58. The disclosure for this purchase can be found here. Insiders own 5.40% of the company’s stock.
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About American Midstream Partners
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.
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