American Midstream Partners LP (AMID) Shares Bought by Advisory Research Inc.

Advisory Research Inc. increased its stake in American Midstream Partners LP (NYSE:AMID) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,637,219 shares of the pipeline company’s stock after purchasing an additional 320,050 shares during the period. Advisory Research Inc.’s holdings in American Midstream Partners were worth $21,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMID. Wells Fargo & Company MN boosted its stake in American Midstream Partners by 81.4% in the 2nd quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after purchasing an additional 25,718 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in American Midstream Partners by 3.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,095 shares during the period. Sunbelt Securities Inc. acquired a new position in American Midstream Partners in the 3rd quarter worth $147,000. Arrow Investment Advisors LLC boosted its stake in American Midstream Partners by 34.9% in the 3rd quarter. Arrow Investment Advisors LLC now owns 61,044 shares of the pipeline company’s stock worth $833,000 after purchasing an additional 15,805 shares during the period. Finally, HITE Hedge Asset Management LLC boosted its stake in American Midstream Partners by 57.1% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 740,756 shares of the pipeline company’s stock worth $10,111,000 after purchasing an additional 269,107 shares during the period. 43.09% of the stock is owned by hedge funds and other institutional investors.

In other American Midstream Partners news, Chairman Lynn L. Bourdon III acquired 10,000 shares of American Midstream Partners stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $12.49 per share, for a total transaction of $124,900.00. Following the purchase, the chairman now directly owns 150,842 shares in the company, valued at approximately $1,884,016.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gerald A. Tywoniuk sold 2,925 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $13.26, for a total transaction of $38,785.50. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Separately, BidaskClub lowered shares of American Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.

American Midstream Partners LP (NYSE:AMID) opened at $12.65 on Thursday. American Midstream Partners LP has a one year low of $11.10 and a one year high of $17.00. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.13.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.4125 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 13.04%. American Midstream Partners’s dividend payout ratio is -217.11%.

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American Midstream Partners Profile

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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Institutional Ownership by Quarter for American Midstream Partners (NYSE:AMID)

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