Kayne Anderson MLP Investment Co. (KYN) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in Kayne Anderson MLP Investment Co. (NYSE:KYN) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,014,356 shares of the financial services provider’s stock after buying an additional 60,120 shares during the quarter. Sit Investment Associates Inc.’s holdings in Kayne Anderson MLP Investment were worth $19,323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. M&R Capital Management Inc. lifted its holdings in Kayne Anderson MLP Investment by 2.3% in the second quarter. M&R Capital Management Inc. now owns 24,980 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 550 shares during the period. Intellectus Partners LLC lifted its holdings in Kayne Anderson MLP Investment by 9.9% in the second quarter. Intellectus Partners LLC now owns 11,060 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,000 shares during the period. Ameriprise Financial Inc. lifted its holdings in Kayne Anderson MLP Investment by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 86,094 shares of the financial services provider’s stock worth $1,623,000 after purchasing an additional 2,093 shares during the period. Kingfisher Capital LLC lifted its holdings in Kayne Anderson MLP Investment by 1.9% in the second quarter. Kingfisher Capital LLC now owns 119,703 shares of the financial services provider’s stock worth $2,256,000 after purchasing an additional 2,268 shares during the period. Finally, Northern Trust Corp lifted its holdings in Kayne Anderson MLP Investment by 21.4% in the second quarter. Northern Trust Corp now owns 16,767 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 2,950 shares during the period.

In related news, VP Ron M. Logan, Jr. acquired 20,000 shares of Kayne Anderson MLP Investment stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average price of $15.75 per share, with a total value of $315,000.00. Following the completion of the acquisition, the vice president now directly owns 30,773 shares of the company’s stock, valued at approximately $484,674.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Kayne Anderson MLP Investment Co. (NYSE KYN) opened at $19.49 on Thursday. The firm has a market cap of $2,230.00, a PE ratio of -389.80 and a beta of 0.85. Kayne Anderson MLP Investment Co. has a 1-year low of $14.38 and a 1-year high of $22.15.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, January 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.24%. The ex-dividend date of this dividend is Thursday, January 4th.

TRADEMARK VIOLATION WARNING: This report was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.com-unik.info/2018/01/11/kayne-anderson-mlp-investment-co-kyn-shares-bought-by-sit-investment-associates-inc.html.

Kayne Anderson MLP Investment Company Profile

Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.

Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson MLP Investment Co. (NYSE:KYN).

Institutional Ownership by Quarter for Kayne Anderson MLP Investment (NYSE:KYN)

Receive News & Ratings for Kayne Anderson MLP Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson MLP Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit